US Energy Systems News

Oil prices settled higher on Wednesday after a volatile trading day. The main movers: a government report that showed a decline in gasoline stockpiles for the second straight week and the largest jump in crude ...

The price of oil dipped back to the $113-a-barrel level Wednesday after the government reported a massive increase in the nation's crude supplies amid a slowdown in fuel demand.

A 56-year-old New York Police Department dispatcher, who went by "Dirty old Ira" in Internet chat rooms, thought he was going to meet a 14-year-old girl at the Deptford Mall for a sexual tryst.

Crude-oil futures closed higher Tuesday, breaking a three-session losing streak that drove prices down by nearly 3%, with the gains fueled by losses in the U.S. dollar as well as by concerns over oil supplies ...

Oil edged higher on Wednesday ahead of U.S. data that was expected to show a fall in crude and gasoline inventories.

Oil prices rebounded Wednesday, jumping back to $US116 a barrel after the government reported a bigger-than-expected drop in US petrol supplies.

A person rides an electric bike in New York. The surging cost of gasoline is turning some to less conventional forms of transportation.

Crude oil futures rose after a US Energy Department report showed a bigger-than-forecast decline in inventories of petrol as refiners shut units and imports fell.

Oil prices dropped below $114 a barrel Friday in Asia as investors speculated slowing economic growth in the world's largest economies will continue to undermining global crude demand.

Oil prices rose for a second day Thursday in Asia, approaching $117 a barrel after U.S. gasoline supplies fell more than expected in a weekly government report.

The euro lost more ground against the dollar Wednesday after a new report showed that the U.S. trade deficit shrank slightly in June as the weaker dollar helped boost American exports abroad.

Crude oil futures rose more than $3 a barrel today after a U.S. Energy Department report showed a bigger-than-forecast decline in inventories of gasoline as refiners shut units and imports fell.

Crude oil rose for the first time in four days after Turkey said a pipeline carrying crude to the Mediterranean from Azerbaijan may remain shut for two weeks following an explosion on Aug.

Oil prices were steady near $113 a barrel Wednesday in Asia ahead of weekly oil and gasoline inventory data that may show further evidence of declining crude demand in the U.S. The U.S. Energy Department's ...

It is too soon to call an end to the oil price crisis that has engulfed global energy markets in the past year, the west's oil watchdog warned yesterday.

Oil prices are on the skids, down nearly $33 per barrel from a July 11 high of $147.27. Meanwhile, the national average of a gallon of gasoline has dipped by 30 in the past three weeks, now at $3.81. While ...

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Oil traders on Monday shrugged off Russia's widening invasion of neighboring Georgia, but if the conflict spreads further it could threaten nearly 1 million barrels per day of needed global crude supplies from ...

NEW YORK: The high price of crude oil has brought more than just a 1970s-style gasoline shock to US motorists - it may have triggered a 1970s-style slowdown in fuel use that could linger even if prices fall.

Oil prices jumped back above $120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for a fire at key Turkish pipeline that supplies Western countries.