Oil

Gas prices are rising, and economics 101 explains why -- and it has little to do with "pandemic profiteers" say, experts.

Costs for oil, natural gas and electricity are climbing, creating a perfect storm for America's utility bills.

Oil prices slipped on Thursday but kept most of the previous day's gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world's largest oil consumer.

Energy giant Chevron unveiled plans Tuesday to invest $10 billion toward low-carbon business initiatives through 2028 amid mounting pressure on producers to adopt climate-friendly practices.

GasBuddy's Patrick De Haan projects that prices may start to fall from their levels heading into the fall and winter seasons.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes told FOX Business' "Varney & Co." inflation at gas pumps and in grocery stores isn't going down.

The average U.S. price of regular-grade gasoline went up 2 cents over the past two weeks, to $3.25 per gallon.

FOX Business' Stuart Varney discusses the Biden administration's impact on energy prices.

Sen. John Barrasso, R-Wyo., argued in an appearance on 'Mornings with Maria' Thursday that President Biden’s approach to U.S. energy is ‘astonishing.’

This marks the most expensive Labor Day weekend gas prices since 2014, although some areas will hit consumers' wallets harder than others.

Hurricane Ida, which made landfall Sunday afternoon in Port Fourchon with winds of 155 miles per hour, knocked out a hefty majority of the offshore Gulf of Mexico oil and gas production.

Oil prices extended losses on Monday after the world's top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling that global markets are well supplied.

French energy giant TotalEnergies SE plans to invest $27 billion in Iraq in a 25-year deal, according to people familiar with the matter, boosting its position in the country at a time when other Western companies have been rethinking their exposure.

Divers at the site of an ongoing oil spill in the Gulf of Mexico have identified the source as a one-foot diameter pipeline displaced from a trench on the ocean floor and sheared in half by Hurricane Ida.

Energy companies have worked to assess the extent of damage in the post-Ida Gulf landscape as over a million residents remain without power.

The U.S. Coast Guard said Saturday that cleanup crews are responding to a sizable oil spill in the Gulf of Mexico following Hurricane Ida.