oil

An underground pipeline has leaked at least 42,000 gallons of crude oil into a creek in Payne County since it ruptured on July 8.

Flames engulfed a fourth tank at an oil storage facility as the fire consumes critical fuel supplies on an island grappling with a growing energy crisis.

A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing.

Residents around Pawnee and Cushing are one step closer to winning a class-action settlement involving earthquake damage. The lawsuit was filed following two 2016 earthquakes — including one that set a state record for the largest magnitude ever recorded.

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.

President Biden says he wants the biggest refiners to do more to increase gasoline supply and lower prices. He says he's ready to use emergency powers to boost capacity — but he didn't give details.

Pipeline deliveries, which are critical to Hungary, Slovakia and the Czech Republic, won't be affected by the ban. The much more complicated issue of Russian natural gas remains unresolved.

Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.

The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.

The European Union wants to sharpen its sanctions against Russia. But its leaders acknowledge Europe's economy could suffer.