Oil

Oil prices rebounded Wednesday morning following steep losses on Tuesday.

House Republicans on the Oversight and Reform Committee are sending a letter to Chairwoman Carolyn Maloney, D-N.Y., urging her to cease an investigation into the U.S. oil and gas industry as it relates to climate change.

The average price for a gallon of regular gasoline in the U.S. is now $3.39, down one penny from last week, according to AAA.

Larry Kudlow discusses the latest on Biden's social spending bill as Americans worry over the omicron variant

Tom Kloza, global head of energy analysis at the Oil Price Information Service, warned Monday on 'Mornings with Maria' that “2022 is going to be a problematic year” for prices.

Republican politicians are criticizing the Biden administration's decision to increase royalty rates for oil and gas leases on federal land.

The Interior Department on Friday released a long-awaited report outlining its recommendations for oil and gas companies drilling on federal lands, and called for hiking fees but not banning leases altogether

The Department of the Interior released a report Friday that proposed charging fossil fuel companies more money to drill on public lands and waters, calling the current rate of 12.5% "particularly outdated."

Williston, North Dakota was the fastest-growing "micro" area in the United States between 2010 and 2020.

Top oil producers Saudi Arabia and Russia are considering pausing their planned efforts to ramp up oil production, according to The Wall Street Journal, after the U.S. and other energy-consuming countries said they would tap their national strategic petroleum reserves in an attempt to bring down gasoline prices.

California regulators haven't approved permits for the controversial oil and gas extraction process known as fracking since February, effectively phasing out the process ahead of Gov. Gavin Newsom's 2024 deadline to end it.

Rep. Abigail Spanberger, D-Va., declared Tuesday that "the buck stops with" President Biden on soaring inflation.

World oil markets call bluff after Biden's 'Hail Mary' Strategic Petroleum Release.

Rep. Greg Steube says Biden is putting a "temporary Band-Aid" on rising U.S. gas prices.