TEHRAN, Iran — Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. The announcement by...
Fire Levels Jim Beam Warehouse With 45,000 Barrels of Bourbon
FRANKFORT, Ky. — A fire destroyed a massive Jim Beam warehouse filled with 45,000 barrels of bourbon, sending flames shooting into the night sky and generating so much heat that firetruck lights melted, authorities said Wednesday. Firefighters from four counties responded to the blaze that erupted late Tuesday. Lightning might...
Drill, Baby, Drill: U.S. Could Become World's Top Oil Producer
The U.S. is on pace to leapfrog both Saudi Arabia and Russia and reclaim the title of the world's biggest oil producer for the first time since the 1970s. The latest forecast from the U.S. Energy Information Administration predicts that U.S. output will grow next year to 11.8 million barrels...