oil & gas

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.

The Biden administration has issued a long-awaited study that recommends allowing a major oil development on Alaska’s North Slope.

nergy Department put the gas stove debate on the front burner again Wednesday by proposing new efficiency standards for consumer cooking appliances.

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.

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...

It completes the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months

President Joe Biden is effectively acknowledging the failure of one of his biggest foreign policy gambles: a fist-bump with the de facto leader of Saudi Arabia, the crown prince associated with human rights abuses.

Officials say a fire at an oil refinery in Ohio killed two people and the facility has been shut down.

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally.

Sections of a renowned peatland tropical forest in the Congo Basin that plays a crucial role in Africa’s climate system go up for oil and gas auction in Kinshasa in the Democratic Republic of the Congo on Thursday.

Gas prices have been on a slow but steady decline across the U.S. since mid-June.

“I call on the companies to pass along every penny of this 18 cents reduction to the consumers,” President Joe Biden said Wednesday.

Biden warned refiners the administration is ready to “use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term”

European countries that are dependent on Russian imports are looking to get greater access to the global natural gas market through a new pipeline that crosses a remote border area of Greece and Bulgaria. The pipeline is nearing completion, and it would ensure that large volumes of gas flows between the two countries in both directions. The project is seen...

The Kremlin warned other European Union countries could be next, sending shivers of worry through the 27-nation bloc

President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months in a bid to control energy prices

The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves.

The meeting comes more than a month after Russia launched its invasion of Ukraine.

In a call with German Chancellor Olaf Scholz, Russia’s Vladimir Putin said European firms could continue paying for gas supplies in euros or dollars.

Finance, geopolitics and cybersecurity will all be crucial in determining the scope and success of any energy transition.