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Chevron buys Hess for $53B, 2nd buyout among major producers this month as oil prices surge
Chevron is buying Hess for $53 billion and it’s not even the biggest acquisition in the energy sector this month as oil prices surge.
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Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices
Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices.
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Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Oil prices are up, and that affects people far and wide. Russia is earning money that it can use to wage its war against Ukraine.
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UN kicks off Climate Week as phasing out fossil fuels becomes priority
The heat is about to be turned up on fossil fuels, the United States and President Joe Biden.
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Why are gas prices rising? Experts point to extreme heat and oil production cuts
Drivers are in for another headache at the pump as U.S. gas prices continue to rise. Here’s what you need to know.
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U.S. gas prices hit 8-month high, national average climbs to $3.71 per gallon
The national average price for gas continues to spike amid rising oil prices, reaching its highest mark since last November.
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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Saudi Arabia says it will reduce how much oil it sends to the global economy.
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Oil Prices Notch Biggest Gain in Nearly a Year After OPEC's Surprise Output Cut
Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.
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Biden Administration Approves Alaska's Willow Oil Drilling Project. Here's Why That's Controversial
Supporters say a major oil project President Joe Biden is OK’ing on Alaska’s petroleum-rich North Slope represents an economic lifeline for Indigenous communities while environmentalists say it runs counter to his climate goals.
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Biden Administration Approves Major Oil Development, Angering Some
The Biden administration has issued a long-awaited study that recommends allowing a major oil development on Alaska’s North Slope.
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Gas Stove Debate Reignites as Energy Department Proposes New Standards
nergy Department put the gas stove debate on the front burner again Wednesday by proposing new efficiency standards for consumer cooking appliances.
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House GOP Passes Bill to Restrict Biden's Use of Emergency Oil Stockpile
A GOP bill approved Friday would require the government to offset any non-emergency withdrawals from the Strategic Petroleum Reserve with new drilling on public lands and oceans.
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Ban New Gas Stoves, a Federal Safety Commissioner Proposes; CPSC Says No Such Official Plan Yet
A commissioner with the U.S. Consumer Product Safety Commission is proposing a ban on gas stoves, calling them a “hidden hazard.” In an interview with Bloomberg News, Richard Trumka Jr. said all options would be on the table to regulate the appliances, which have been shown to be harmful to both human health and the environment, according to the...