Energy in America

Energy Secretary Dan Brouillette touted increased American energy independence amid the falling oil prices in an interview with FOX Business' Stuart Varney.

OPEC, Russia and other oil-producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support oil prices amid the coronavirus pandemic.

On the call, the second in two days, Trump talked about the contacts he's had with leaders of a number of oil-producing countries.

The storm only complicated matters for residents who have been directed to "stay healthy at home" in order to mitigate the spread of the coronavirus.

As the coronavirus situation evolves rapidly, energy consumption could help economists keep track of the changing economic situation.

An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska's North Slope region south of Prudhoe Bay, the company said.

The US energy industry has already reacted to the severe price collapse even without a fancy meeting.

Global commodities trader Cargill Inc starting this spring will pay American farmers for capturing carbon in their field soils and cutting fertilizer runoff.

The president said he would support “reducing it a lot” as part of an infrastructure package.

Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia.

A bipartisan group of U.S. lawmakers introduced a bill on Tuesday providing $3 billion to buy oil for the national emergency reserve as a way to help energy companies hit by the plunge in crude prices.

Work on the Keystone Pipeline continues in Montana as the coronavirus spreads throughout the U.S. and Canada.

Exxon Mobil Corp. plans to lower operating spending and reduce its capital budget as the oil company grapples with weaker crude prices.

Russia is ready to reduce its production very substantially to prop up weak oil markets, two Russian sources told Reuters on Monday, without giving precise numbers.

Oilfield services firm Halliburton on Monday was cutting about 350 employees in Oklahoma, according to a filing with the state, amid a deepening oil bust from the spread of coronavirus and a price war between Russia and Saudi Arabia.

Energy Secretary Dan Brouillette said he's looking into reserving up to 1 billion barrels of oil at the direction of President Trump.

As the COVID-19 pandemic continues, President Trump says tariffs on oil imports may happen for American energy worker protection.

OPEC and its allies will not hold their emergency virtual meeting on Monday.