Oil

The Department of Energy has another 400 million barrels in its strategic reserves, which the White House said it can pull from in the future if necessary.

After the cartel said it would cut oil production by 2 million barrels per day starting next month, the White House said it's time to look at the longstanding partnership with Saudi Arabia.

The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.

Scientists took a dozen research flights over major U.S. oil and gas fields to sample flare emissions. They found more methane than was supposed to be there.

An appeals court said two climate change lawsuits against the oil industry should be heard in state court. Oil companies have been fighting such cases on jurisdictional grounds for years and losing.

The state average has now declined for nine consecutive weeks, falling a total of $1.24 per gallon since mid-June.

A massive fire broke out in Cuba at an oil tank facility in the coastal city of Matanzas, injuring more than 100 people and five in critical conditions. The disaster promises to make the island’s energy crisis even worse.

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

As many Americans continue to struggle financially because of inflation, we set out to clear the air on some common claims about what's going on.

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.

Gas prices are finally dropping a bit after topping $5 per gallon, but the president says he's still considering suspending the federal gas tax, which could save Americans up to 18.4 cents per gallon.

Across the globe drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel.