°®¶¹´«Ã½

TC Energy Corp. pushed back the full return of its Keystone oil pipeline by a week after a 14,000-barrel oil spill shut the critical conduit, according to people familiar with the matter.

U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling.

The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s effort to lower energy costs.

The Biden administration’s release of crude from U.S. emergency reserves to cool oil’s rally is going into a second round, with bids due by the first working day of the year.

Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked not to be identified because the information isn’t public.

ExxonMobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production offline.

The U.S. sees limited domestic oil production growth through next year despite rising oil prices and rebounding demand.

The Permian Basin, the most prolific shale patch in the U.S., will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.

Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.