Oil giant Saudi Aramco announces record profit of $161B in 2022
Saudi Arabian Oil Co., also known as Aramco, announced it earned a record-high profit of $161.1 billion during 2022 following higher crude oil prices that soared mostly during Q3.
Gas prices increase, but the tide may change: AAA
Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.
Gas prices drop again, but uncertainty remains: AAA
Gas prices decreased this week. But several factors ranging from the Federal Reserve’s actions to lower inflation and the war between Russia and Ukraine could push prices higher in the coming weeks.
Kamala Harris says Biden admin has reduced heat, electric costs amid record prices
Vice President Kamala Harris touted the Biden administration's efforts to lower energy costs.
Top Republicans double down on efforts to rein in SEC Gensler's climate proposal
Leading Republicans on the House Financial Services and Senate Banking committees are doubling down on attempts to rein in Wall Street’s top cop Gary Gensler.
Gas prices hold steady as supply grows: AAA
Gas prices dropped slightly this week and are projected to continue falling from their 2022 highs, according to reports. Here is how to keep your overall auto payments down.
Booming oil exports boost US role as global price maker
A spurt in U.S. crude production over the past decade has pushed exports to new heights.
Biden to sell 26 million barrels more from the Strategic Petroleum Reserve
The Biden administration announced that 26 million barrels of oil will be sold from the Strategic Petroleum Reserve from April through June under a pair of Obama era laws.
Chevron weighs extending CEO Mike Wirth past mandatory retirement age
Mike Wirth is in his fifth year as chief executive of Chevron. High oil and natural-gas prices lifted Chevron’s annual profit last year to a record $35.5 billion.
West coast pipeline leak near Los Angeles has halted gasoline deliveries in several states
A pipeline leak near Los Angeles has shutdown deliveries of gasoline to some California cities and states including Nevada and Arizona
DeSantis ridicules Biden's off script oil and gas comments at State of the Union, slams energy policy
Florida Gov. Ron DeSantis mocked President Biden's statement at the State of the Union address Tuesday that the U.S. needs oil and gas production for the next decade.
Gas prices dip as economy recovers: AAA
Oil prices fell this week, according to a report by the AAA, but auto insurance remains high. Here’s how to lower your overall auto payments.
California Gov. Newsom asks federal government to investigate high natural gas prices
California Gov. Gavin Newsom asked the Federal Energy Regulatory Commission on Monday to investigate unusually high natural gas prices in recent months.
Gas prices expected to continue to ease in near term: AAA
Gas prices are still higher than they were a year ago but they have been easing modestly. AAA spokesperson Andrew Gross said prices have steadily fallen every day over the past week,
Shell posts highest profits in company history as oil, gas prices remain high following Ukraine invasion
Shell Global, along with ExxonMobil and Chevron, have announced profits in excess of double their FY 2021 totals thanks to high gas prices after sanctions on Russia.
Exxon’s record profits irk White House in energy blame game
Exxon Mobile’s whopping earnings in 2022 irk White House, which called the report "particularly galling" as Americans spent more for gas prices.
Electric vehicles more expensive to fuel than gas-powered cars at end of 2022: consulting firm
It was cheaper to fuel a gas-powered car for 100 miles than it was to charge a comparable electric vehicle in late 2022, according to Anderson Economic Group.
House to vote on bill offsetting Biden's SPR drawdown with more oil and gas production
The House will vote Friday on the Strategic Production Response Act, which would boost U.S. oil and gas production in response to drawdowns of the Strategic Petroleum Reserve.
US plant outages send oil refining margins to 3-month high
Refining margins are on the rise as more plants undergo outages due to accidents or delayed maintenance due to the pandemic.
Oil expert rips Biden's weaponization of Strategic Petroleum Reserve as 'blasphemy': 'Disaster for America'
Canary CEO Dan Eberhart addressed the rise in U.S. oil and gas prices and explains how Biden's energy policies are hurting American consumers.