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The demand from China is also projected to be all time high, further fueling the price trend for the commodity.

Crude Price Up on OPEC Cut, Record China Demand Forecast

Jan 14, 2017 03:09 AM EST

Oil prices are on the upswing following the news of production cuts by major crude exporters including Russia and Saudi Arabia. The demand from China is also projected to be all time high, further fueling the price trend for the commodity.

BNSF Train With Crude Oil Derails, Burns In Illinois

Vittorio Hernandez |

Mar 06, 2015 05:30 AM EST

Another train that was carrying crude derailed and burned in Illinois on Thursday, the third consecutive rail derailment with the same hazardous content in three weeks.

Brent Crude Oil Price Falls to Lowest Level Since 2009

Dino Lirios |

Jan 13, 2015 10:48 PM EST

Brent crude oil has fallen below US$50, marking its lowest level since early 2009. It is now at a six-year low.

Obama Might Use Veto Power For Proposed Keystone XL Legislation

Kat De Guzman |

Jan 06, 2015 11:34 PM EST

U.S. President Barack Obama will use his veto power against the proposed legislation for the Keystone XL pipeline, the White House said in a statement.