Japan buys Russian oil above $60-a-barrel cap, breaking with US allies: report
Japan has been buying Russian oil below the Western-imposed price cap of $60 a barrel, though Russian-sourced imports remain relatively small.
OPEC+ announces surprise oil production cut that could lead to higher prices at pump
A group of OPEC and OPEC+ countries led by Saudi Arabia, Iraq and UAE announced voluntary oil production cuts of more than 1 million barrels per day in a surprise move.
Manchin knew Biden's Inflation Reduction Act was all about the green new deal: Kudlow
FOX Business' Jackie DeAngelis, Brian Brenberg, Taylor Riggs and 'Kudlow' host Larry Kudlow discuss Sen. Joe Manchin's op-ed on Biden's Inflation Reduction Act and the fallout from the banking crisis.
Stuart Varney: Biden opened the door to China’s power grab
FOX Business host Stuart Varney argues the momentum of global leadership is now with China.
Warren Buffett's Occidental end game
According to a filing from the Securities and Exchange Commission, Warren Buffett’s Berkshire Hathaway has upped its stake in Occidental Petroleum.
US surpasses Russia as Europe’s top supplier of crude oil
The European Union imported more oil from the U.S. than Russia in December 2022, marking the EU's shift away from Russian energy following its invasion of Ukraine.
The US is the cleanest place to produce energy: Steve Scalise
House Majority Leader Steve Scalise, R-La., joins ‘Kudlow’ to discuss the Lower Energy Costs Act the GOP introduced in Congress to help struggling Americans with the rising prices of energy.
Russian oil rerouted to ‘friendly’ countries at no decrease in sales, officials claim
Russian officials say they have rerouted all oil exports to "friendly" countries at no loss to revenue but expect 2023 to be a more challenging year as Western sanctions bite.
Gas prices drop despite rising demand, tighter supply: AAA
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.
State financial officers call on JPMorgan Chase to address politically motivated de-banking
A group of state financial officers is writing to JPMorgan Chase CEO Jamie Dimon to call for transparency and an end to political or religious bias in decisions to de-bank clients.
Get used to 'new era of high energy prices,' expert says
High energy prices are likely here to stay as supply and demand continues to tighten, according to energy expert and FOX Business contributor Phil Flynn.
Willow Project to deliver jobs, billions in government revenue
President Joe Biden's approval of the Willow Project is expected to net billions in tax revenue and create new jobs on Alaska's North Slope as ConocoPhillips moves forward.
Alaska paid ‘steep price’ to get massive oil project approval from Biden: Gov. Mike Dunleavy
Alaska Gov. Mike Dunleavy says the state is investigating whether Biden has the authority to scale back the Willow oil project.
China has run the 'wagons around' Joe Biden: KT McFarland
Former Trump deputy national security adviser KT McFarland discusses China expanding their diplomatic initiatives, Xi Jinping's potential trip to Russia, U.S. foreign policy and the handling of drug cartels at the border.
Oil giant Saudi Aramco announces record profit of $161B in 2022
Saudi Arabian Oil Co., also known as Aramco, announced it earned a record-high profit of $161.1 billion during 2022 following higher crude oil prices that soared mostly during Q3.
McCarthy announces a bill that would increase US oil outputs
Former Energy Secretary Rick Perry discusses the need for increased resources and Kevin McCarthy’s plan to boost energy production on ‘The Bottom Line.’
House Republicans propose major energy and permitting reform package
House Speaker Kevin McCarthy and Majority Leader Steve Scalise unveiled Republicans' new energy and permitting reform package in an appearance on Fox Business Network's "Kudlow."
Biden aims to cut tax breaks for oil, gas companies in budget blueprint
President Joe Biden's new budget proposal calls for the elimination of tax breaks for oil and gas development as part of the administration's deficit reduction push.
Buffett's Berkshire stocks up on more Occidental Petroleum shares
Warren Buffett's Berkshire Hathaway now owns 200.2 million shares in Occidental Petroleum following the latest $355 million investment.
Alaska prepares for Biden to deny Willow project: This is ‘the end of oil in America’
Alaska Gov. Mike Dunleavy warns "the end of oil in America" has arrived, as he predicts President Biden will reject the state's massive Willow oil project.