American Petroleum Institute

  • Oil seesaws on Mideast tensions, weak dollar and high supplies

    Oil prices seesawed on Tuesday as traders weighed security scares in the Middle East and support from a weak dollar against expectations that U.S. crude stockpiles have reached new record highs. "Tensions are so high in that region with the impending Iran-U.S. nuclear deal that any event implied to…

  • US oil settles up 7 cents at $57.06 a barrel

    Oil prices traded marginally higher on Tuesday as a weaker dollar provided support and following reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship. The crude market dipped earlier on expectations that data from the American Petroleum…

  • Scientists: Oil, gas drilling causing earthquakes

    Yet another study, this one published Tuesday in the journal Nature Communications, connected a swarm of small quakes west of Fort Worth, Texas, to nearby natural gas wells and wastewater disposal. The Environmental Protection Agency said there no plans for new regulations as a result of the USGS…

    CNBC.com