oil and gas

An explosion occurred Wednesday morning at the facility causing it to go up in flames

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.

CNBC’s newest documentary “ExxonMobil at the Crossroads” goes inside the Texas-based company to look at plans to increase production while reducing its carbon footprint.

“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 Energy Department on Wednesday authorized additional exports of liquefied natural gas, or LNG, from planned terminals in Texas and Louisiana.

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