Lucia Kassai

The Biden administration raised the price it’s willing to pay to refill the country’s emergency oil reserves, which have dwindled near the lowest in four decades.

Enbridge Inc. is offering up new space on a crude pipeline running to the Texas oil port of Corpus Christi, a top exporting hub that's currently suffering from constrained pipeline capacity.

The Canadian company is asking shippers to commit to an expansion that would add up to 120,000 bpd of capacity on the Gray Oak pipeline.

Oil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Trans Mountain pipeline to change certain key specifications to improve the value of the crude the conduit is carrying.

The drillers argue the current limits reduce the value of the oil that's shipped and restricts where it can be refined

(Bloomberg) -- Oil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Trans Mountain pipeline to change certain key specifications to improve the value of the crude the conduit is carrying.Most Read from BloombergPutin Appoints Economist as Defense Minister in Shock ReshuffleHow One Brooklyn Neighborhood Became a Nightclub HavenTrump Pledges Across-the-Board Tax Cuts If He Returns to OfficeApple Nears Deal With Ope

Environmental authorities ordered Petroleos Mexicanos, the state oil company, to curtail processing at one of the country’s largest refineries due to a deterioration of air quality, undermining the company’s plans to boost fuelmaking.

(Bloomberg) -- A dearth of heavy crude is forcing one of the world's biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.

A dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.

A barge struck a bridge in Galveston, Texas, spilling oil into the bay and temporarily shutting down access to a small nearby island.