Gas prices are within striking distance of $5 a gallon, a painful threshold that seemed virtually impossible when the year started. And the high-demand summer driving season hasn’t even begun. Some ...

The CEO of Saudi Arabia's state-owned oil company is warning that the energy sector will take time to recover from the Iran war's impact on supply as oil output was slashed due to the ongoing ...

4:30 P.M. WE HAVE AN UPDATE ON CALIFORNIA’S OIL AND GAS SITUATION. AS STATE LEADERS GET READY FOR PRICES TO GO UP, EVEN MORE. CALIFORNIA IS RELYING ON MORE IMPORTED FUEL THAN EVER RIGHT NOW, A ...

For some oilmen, there’s only one thing they need to know about Bo French: He isn’t Jim Wright, the Railroad Commission’s incumbent chairman and French’s competition in a Republican primary runoff ...

The price of oil plunged and stocks surged Wednesday after a report said the U.S. believed it was nearing a deal to end the war with Iran and eventually reopen the Strait of Hormuz. Subscribe to read ...

The closure of the Strait of Hormuz has trapped one fifth of the world’s oil supply in the Persian Gulf, a crisis that the World Bank Group predicts will spike energy prices by 24 percent in 2026—the ...

The national average price of gas pushed higher Monday to $4.46 per gallon, as oil futures rose again after three days of declines, increasing the Iran war's direct cost to consumers. Subscribe to ...

Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the world's biggest crude ...

GHENT, WV (WVNS) – A train derailment was reported Tuesday near the West Virginia-Virginia border in the Bluestone River watershed, resulting in soybean oil leaking, according to a press release from ...

America is the world's leading oil producer. The United States is less reliant on foreign oil than at times in the past. And of the oil we do import, only 8% comes from the Middle East. Why, then, ...

America produces more petroleum than it consumes. That's one of the reasons the U.S. is sometimes described as "energy independent." On the surface, then, it doesn't seem to make sense that gas has ...

The price of oil fell under $100 a barrel today after it was announced the Strait of Hormuz would reopen. But don’t expect gas prices to follow suit that quickly. Cheaper gas is not expected for ...