The North Dakota Crude Oil That’s Worth Less Than Nothing

  Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire More...

Oil Prices: Are Speculators Manipulating Gas Prices?

Oil Prices Are Speculators Manipulating Hedge Funds May Be Messing with Oil Prices It wasn’t too long ago that analysts covering oil prices were riding high on a wave of optimism, with various predictions More...

Oil Prices Drop to Six-Year Low in Anticipation of Iran Deal

The prospects of a possible U.S. deal with Iran over its nuclear program have added to traders’ expectations of a flow of new Iranian crude into the market. The Wall Street Journal reported that the benchmark More...

Exxon Mobil Moves to Cut Spending as Profits Tumble from Crude Woes

U.S. oil giant Exxon Mobil is taking steps to reduce spending as crude prices are not expected to rise significantly in the near future, a report said. Despite generating $87.3 billion in revenue last year, More...