BloombergSaudis See Chemical, Oil-Refining Bonanza Along US Gulf CoastBloomberg“These agreements signal our plans for expansion into petrochemicals,” Motiva CEO Brian Coffman said in the statement. “We are excited to work more closely with these leaders in …

BloombergSaudis See Chemical, Oil-Refining Bonanza Along U.S. Gulf Coast ...BloombergSaudi Arabia signaled its intent to expand chemical production along the U.S. Gulf Coast and potentially double the size of North America's biggest oil refinery.Saudis …

ABC 57 NewsCoast Guard investigating mineral oil spill in the Straits of MackinacABC 57 NewsMACKINAW CITY, Mich. -- The Unified Command which is comprised of the Michigan Department of Environmental Quality, Coast Guard and a representative of numerous Mic …

US Oil Rig Count Dips As Prices RiseOilPrice.comBaker Hughes reported a 2-rig decrease to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 993, which is an addition of 169 rigs year over year. The number of oil r …

The Globe and MailCanada's Economy Unexpectedly Shrinks on Oil ShutdownsBloombergCanada's gross domestic product unexpectedly shrank in January, as the economy faces a broad slowdown after surging last year. Gross domestic product contracted 0.1 pe …

BloombergOil Sands Upgraders May Make a Comeback Amid Pipeline CrisisBloomberg... a spokesman for MEG, said in an email. The work will take 18 to 24 months but the pace of construction depends on financing, he said. A 100,000 barrel-a-day partial upgrader …

BloombergOil Trading Giants Glencore, Vitol Targeted in PDVSA Bribe SuitBloombergOil trading giants including Glencore Ltd. and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsu …

Saudi Aramco Contractor Arkad Forms Oil, Gas Venture With ABBBloombergArkad signed a deal to acquire a majority stake in a new joint venture with ABB's oil and gas engineering, procurement and construction unit, Managing Director Hani Abdelhadi said in …

Cheap Oil Or A Weak Dollar: Pick OneOilPrice.comGlance at this chart of the trade-weighted U.S. dollar, and note the swing highs and lows in the price of oil per barrel around each peak and trough. You can look up historical inflation-adjusted prices of oi …

Brent crude oil above $57, on course for highest close since 2015Financial TimesBrent crude oil, the world's international oil benchmark, jumped towards $58 a barrel on Monday – its highest level since January – and was on course to close at the highes …