The recent congressional hearings with CEOs of the major oil companies was apparently a bust. As it seems that Congress must ...

Chevron is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources familiar with the plans told Reuters, raising its output to around 1% of global crude supply.

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Oil rose in early trade after the U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China.

Oil futures climbed Friday from their lowest levels of the year, but tallied a third straight weekly fall amid rising U.S.