Oil

Half of Saudi Arabia's oil production power is feared to have been wiped out after Iran-backed militants turned two of the world's most valuable refineries into infernos with a devastating drone strike....

Move over, Saudi Arabia. America is about to steal the kingdom's energy exporting crown in exports of oil, natural gas liquids, petroleum products, and gasoline....

The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond....

Oil explorers have been flocking to the Permian Basin in West Texas and New Mexico to tap deposits so rich that they can generate profits even at lower oil prices. ...

A huge oil deposit has been found in the Golan Heights in Israel, with enough reserves to last Israel for decades, according to the country's media....

"Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it's interpreted indiscriminately," said Tom Digenan, head of U.S. equities as UBS Global Asset Management. ...

Former Soviet bases are being reactivated, a 6,000-soldier permanent military force will be established in the northwest Russia's Murmansk region, and radar and guidance systems are planned in the area, the Russian news agency RIA Novosti reported....

Over 250 billion barrels of recoverable oil are in Israel and that’s a conservative estimate. To put that in perspective, Saudi Arabia has about 250 billion barrels of conventional oil reserves in the ground....

The head of the Egyptian Natural Gas Holding Company says it has terminated its contract to ship gas to Israel because of violations of contractual obligations, a decision Israel said overshadows the peace agreement between the two countries....

Gasoline prices are headed for $5 a gallon in many locations in the United States this year, says John Hofmeister, founder of Citizens for Affordable Energy and the former CEO of Shell Oil’s U.S. operations....

Iran will take action if a U.S. aircraft carrier which left the area because of Iranian naval exercises returns to the Gulf, the state news agency quoted army chief Ataollah Salehi as saying on Tuesday. "Iran will not repeat its warning ... the enemy's carrier has been moved to...

The prospects of Egypt resuming its gas supplies to Israel dropped to zero Thursday, March 3 when Egypt's state security prosecutor Abdel Magid Mahmud announced that deposed president Hosni Mubarak would be summoned for questioning next week about allegedly corrupt deals for selling Israel Egyptian gas at knock-down prices,...

Politicians do nothing but talk the talk about exploring new resources of energy so America is no longer dependent on oil. One administration lifts the ban then another puts the lid back on. It has been a never ending process and the truth is it never will end because...

Unless you have been hiding in an igloo like Al Gore has during these frigid temps, most of us know about the events in Egypt. However, what a lot of us don’t know is how this directly relates to America.There are three basic points America must understand in...