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.
Glencore hands $7.1B to shareholders after record profit
Glencore had one of its greatest years on record, cutting debt to $75 million from $6 billion, and returning $7.1 billion to shareholders, as demand soars.
Democrats attack 'obscene' oil profits with new tax hike, accuse industry of 'cartel pricing'
House and Senate Democrats are proposing a new wave of taxes on oil companies to attack what they call "price gouging," after President Biden called oil profits "outrageous."
Biden has ‘no reality check’ on what it’s like to be in a ‘war world’: Sen. Markwayne Mullin
Sen. Markwayne Mullin, R-Okla., discusses the latest news emerging from China’s surveillance missions, urging President Biden for more public transparency.
Alaska Republicans demand Biden 'better not kill' latest Willow project oil drilling proposal
Republicans in the state of Alaska along with community members are calling for the Biden administration to approve of the latest Willow oil project.
Energy expert sounds alarm over California power grid: 'Stressed to the limit'
California's push for a renewable energy transition brings the grid closer to collapse and will be "incredibly expensive" for consumers, Edward Ring argues.
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
Rick Perry: They really dislike the fossil fuel industry
Former energy secretary Rick Perry on the Biden administration’s view on oil and gas after the State of the Union on “Kudlow.’
Oil prices jump after Russia announces it will slash production
Russia announced Friday that it plans to cut oil production by 5%, or 500,000 barrels, beginning in March, sending Brent crude prices soaring higher.
Biden admin letting China 'have their way': Sen. Marsha Blackburn
Sen. Marsha Blackburn, R-Tenn., on what to expect from the Chinese spy flight briefing, the White House dismissing a report that the U.S. blew up Russia's Nord Stream pipeline, Biden's SOTU comments on oil and cutting government spending.
Rep. Kevin Hern: Biden wants to do 'nothing' about government spending
Oklahoma Rep. Kevin Hern shares his takeaways from President Biden's State of the Union speech on 'The Evening Edit.'
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.
Florida Gov. Ron DeSantis ridicules Biden State of the Union comments on oil and gas
At a press conference announcing a broad tax relief plan Wednesday, Florida Gov. Ron DeSantis ripped Biden for stating that the U.S. needs oil and gas while his administration wants to end fossil fuel use.
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.
San Diego restaurant struggling to pay electric bill as energy costs surge
Rudford's Restaurant co-owners Nick and Jeff Kacha says they're unsure how they're going to pay off a '$16,000 hit' this month.
California voters to weigh in on banning new oil and gas wells near communities
California's ban on new oil and gas wells near homes and community facilities is on hold following an effort to bring the measure before voters as a referendum in 2024.
Europe bans Russian diesel imports and other refined oil products
Europe's ban on Russian diesel imports and other refined petroleum products went into effect on Sunday, the latest attempt by the 27-nation bloc to defund Putin's war machine.
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,