Occidental Petroleum to buy CrownRock in $12B deal
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.
US crude oil falls below $70, the lowest since June
Oil prices fell nearly 4% to their lowest levels since June on Wednesday amid concerns about weak global energy demand and rising gasoline inventories in the U.S.
FTC investigates Exxon’s $60 billion deal for Pioneer
The Federal Trade Commission is investigating ExxonMobil's planned acquisition of Pioneer Natural Resources over potential violations of federal antitrust law.
Stuart Varney: COP28 climate conference is descending into a farce
FOX Business' Stuart Varney discussed the COP28 climate conference where oil executive Sultan Al Jaber made a controversial claim about climate change.
Stuart Varney: Biden's weakness encourages America's enemies
FOX Business' Stuart Varney addressed Biden's deal with Venezuela's Maduro to ease oil sanctions in exchange for more democratic elections in 2024.
House speaker calls on Dems to condemn James Carville's attack on Christians
'The Bottom Line' co-host Sean Duffy discusses Biden's presidency, House Speaker Johnson calling on Democrats to condemn James Carville, and Bitcoin.
Biden administration plans to buy 2.7M oil barrels to refill emergency stockpile
The Biden administration announced on Friday that it plans to buy 2.7 million barrels of oil to help replenishing the nation's Strategic Petroleum Reserve.
Saudi Arabia extends oil production cuts into start of 2024
OPEC+ announced Thursday that it is deepening oil production cuts, but crude prices actually dropped amid investor skepticism over the supply curb.
Fed should be talking about their other tools: Former World Bank President David Malpass
Former World Bank President David Malpass discusses Christopher Waller's commentary on the economy, state of U.S. businesses, the banking industry, oil prices and the country's GDP.
Oil prices bubble ahead of OPEC meeting
Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.
Market needs to 'pull back, consolidate, assimilate, and then move higher': Quincy Krosby
LPL Financial chief global strategist Quincy Krosby joins 'Mornings with Maria' to discuss her outlook on the markets, oil and upcoming economic data.
Oil slides after OPEC's unexpected meeting delay
The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
OPEC+ postpones policy meeting to Nov. 30
Sunday's meeting had been expected to convene in Vienna, Austria. OPEC's statement didn't mention if the group would convene online or in person on Nov. 30.
Louisiana oil leak source still unknown after 1M gallons spill into Gulf, Coast Guard says
The source of a large oil spill in the Gulf of Mexico off the shore of New Orleans, estimated to be more than one million gallons, is still unknown, the U.S. Coast Guard said
Expert warns green energy projects ‘are not worth it’ as prices spiral 'out of control'
Renewable energy companies are realizing their projects are "just not feasible" amid plummeting stock valuation and inflationary costs, says Tracy Shuchart.
Investors rebuff 'Big Oil' climate shareholder resolutions
U.S. investors at leading energy firms rejected a climate activist group's push to align emission targets with the Paris climate pact despite the group's success in Europe.
Biden's energy policies are uplifting anti-America nations: Alex Epstein
Fossil fuel expansion advocate Alex Epstein joins 'The Bottom Line' to discuss the Biden administration postponing a major oil and gas lease sale across the Gulf of Mexico.
Biden admin abruptly delays major oil and gas lease sale mandated under Inflation Reduction Act
The Biden administration suddenly announced it would postpone a major oil and gas lease sale that it previously tried to cancel, but which the Inflation Reduction Act mandates.
Schumer, Democrats call for FTC probe of Exxon, Chevron acquisitions
Senate Majority Leader Chuck Schumer and 22 Democratic senators sent a letter to the FTC calling for an antitrust probe of acquisitions by ExxonMobil and Chevron.
Without US oil production, 'American consumers are going to be hurt': Mike Sommers
American Petroleum Institute CEO Mike Sommers on the state of the domestic oil regulatory environment and how the Middle East conflict may impact global prices.