NPR's Ayesha Rascoe talks to University of Texas engineering professor Hugh Daigle about why the U.S. imports most of the oil it consumes despite being one of the world's largest oil exporters. The ...

Even with oil prices climbing, people in West Texas say it doesn’t feel like the start of another boom, at least not yet. By J. David Goodman Photographs by Desiree Rios Reporting from the Texas oil ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. LOS ANGELES, CALIFORNIA - MARCH 03: High gas prices are displayed ...

Oil prices vary widely based on the type of oil, location, and timeframe. Right now, most crude oil benchmarks are higher than average, but not at record highs. However, some oil prices that are ...

Israel attacked Iran's largest gas processing facility located in Bushehr Province, according to reports in the Times of Israel and Jerusalem Post. Iran threatened to strike oil facilities in Saudi ...

Motorists are paying sharply higher fuel prices since the outbreak of the Iran war, despite the U.S. being the world's largest oil producer. Why? After all, as of 2023 (the latest data available), the ...

The Iran war has boosted oil and gas prices in recent weeks, raising concerns—and betting odds—among economists that a recession may be coming if oil costs remain elevated for an extended period. One ...

China's energy supply forms a "relatively good" foundation for responding to external market volatility, said Fu Linghui, spokesperson at the National Bureau of Statistics. The bureau also announced ...

Secretary of Energy Chris Wright told NBC News that the Trump administration aims to bring gas prices back under $3 by summer. Photo: Daniel Heuer/Bloomberg News American oil executives delivered a ...

U.S. crude oil hit $100 per barrel Sunday, continuing its surge as the U.S.-Israeli war with Iran shows no signs of ending soon and despite attempts by the Trump administration and allied countries to ...

Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara, The ...

The Strait of Hormuz disruption has shattered the long-held belief in a global oil glut, revealing that the market was actually running with very thin spare capacity and fragile supply chains. Even a ...