Economic Indicators

Petroleum market experts criticized California Gov. Gavin Newsom for his recent move to punish oil companies for high profits, saying he was misinformed about economics.

The Labor Department released the latest inflation data set on Tuesday, revealing just how hot consumer prices ran in November as the Fed tries to tame high prices.

The consumer price index likely surged again in November as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

Germany is building new LNG facilities in Wilhelmshaven at record speed to make up for gas supplies that Russia has stopped sending since invading Ukraine.

Exxon Mobil CEO Darren Woods sits down to discuss energy policy and security, after Ukraine, as well as carbon emissions and clean energy such as renewables.

Inflation at the wholesale level increased faster than expected in November as producer prices remain stubbornly high, the Labor Department reported on Friday.

The average long-term U.S. mortgage rate fell for the fourth week in a row and has fallen more than three-quarters of a point since hitting a 20-year high last month, according to mortgage packager Freddie Mac.

FOX Business’ Stuart Varney discusses the price of gas in the U.S. and the impact of Biden’s ‘failed’ energy policy on Americans.

The national average cost of a gallon of regular gas, which is $3.33 a gallon Thursday, is now lower than what Americans were paying last year, AAA says.

A top Texas state Senate committee issued a subpoena last month demanding asset manager BlackRock hand over key documents related to its decision-making on environmental investments.

As inflation remains high, a recent poll suggested some consumer concerns about economic uncertainty in 2023. Here's how to keep your finances on track.

Digital media company BuzzFeed said it's reducing its workforce by 12% in order to weather the economic downturn that it expects will continue into next year.

The Business Roundtable said in its fourth quarter CEO Economic Outlook Index that sentiment among corporate leaders plunged to the lowest level in two years.

PepsiCo plans to lay off hundreds of white collar workers as it streamlines marketing and centralizes manufacturing.

Energy industry groups filed a federal lawsuit against the Biden administration Monday evening, arguing it has violated federal statute requiring quarterly oil and gas lease sales.

The decision from OPEC+ to maintain output cuts of two million barrels per day could impact the decline in gas prices, which is an average of $3.40 per gallon.

The Los Angeles City Council on Friday voted to ban oil and gas wells within city limits and phase out existing wells over the next 20 years.

Austan Goolsbee, the newly named Federal Reserve Bank of Chicago president, has disagreed with the White House on a number of key economic issues.

The November jobs report out Friday morning will shed light on the health of the U.S. labor market, which is rapidly deteriorating as the Fed raises interest rates.

Inflation could see a "pretty significant" decline next year, but New York Fed President John Williams said interest rates still need to rise further.