Oil

Deputy Treasury Secretary Wally Adeyemo says the United States and allies will hit Russia with more sanctions over its invasion of Ukraine that was launched in February 2022.

Chevron CEO Mike Wirth says the U.S. could be "an energy powerhouse" but needs a more supportive policy environment that encourages investment in order to do so.

United Refining Company Chairman and CEO John Catsimatidis discusses the impact Saudi Arabia's oil production cuts will have on the American consumer.

Drivers in the U.S. could soon pay more for a gallon of regular gasoline after Saudi Arabia's latest oil production cuts that were announced over the weekend.

OPEC and allies led by Russia are considering further cuts to oil production on top of multiple earlier cuts, threatening to send the price for oil surging higher.

Ahead of Memorial Day weekend, the national average cost for a gallon of gas increased to $3.57 for the week ending May 25, AAA reported.

The Department of the Interior held its first oil and gas lease sale in 11 months despite a federal statute requiring the agency to hold more regular auctions.

Climate protesters were carried out of Shell's annual general meeting in London on Tuesday after they attempted to rush the stage shouting, "Shut down Shell!"

Alaska Gov. Mike Dunleavy is expected to tout a newly passed carbon credit offset plan during a conference this week. The governor is expected to sign the bill Tuesday.

The average price for a gallon of gas was $3.53 for the week ending May 18, 2023, according to AAA data. Low oil prices and a decline in demand for gas kept prices at the pump low, as more people are projected to travel for the Memorial Day weekend this year, AAA reported.

Francois Poirier, CEO of TC Energy, the company who owned Keystone XL, says "it's clear" investors, lawmakers and consumers want clean U.S. natural gas to lower emissions and increase security.

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Colin Parfitt, a vice president of Midstream at Chevron, said a transition to green energy could take decades, and should focus on reliable and affordable energy.