Oil

Kevin O'Leary broke news on FOX Business Tuesday claiming he's in the early stages of building a new U.S. oil refinery to secure America's energy independence.

The Biden administration "did nothing" to refill the U.S. Strategic Petroleum Reserve when oil prices were low, Canary CEO Dan Eberhart warns about energy insecurity.

Exxon Mobil is reportedly in preliminary discussions to acquire Pioneer Natural Resources as part of the oil and natural gas producer’s Permian Basin strategy.

Exxon Mobil looks to purchase Pioneer Naturla Resources, a US fracking giant with operations in West Texas' shale fields. Exxon is hoping to deploy its windfall profits.

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

Oil prices eased in early Thursday trading after Asian markets opened as weak U.S. labor market data indicated economic demand may slow and impact demand.

Sen. Joe Manchin, D-W.Va., called a decision by the U.S. Court of Appeals for the Fourth Circuit "infuriating" after it delayed the Mountain Valley Pipeline project yet again.

The company has shifted geologists and engineers who had worked on the years long drilling campaign from its offices in Rio de Janeiro to other countries, they said.

GasBuddy head of petroleum analysis Patrick De Haan says OPEC's surprise production cut served as a "wild card" to gas prices, warning the Midwest and Florida will see spikes first.

Treasury Secretary Janet Yellen said that the decision by OPEC+ to reduce oil production isn't a positive move for global growth amid persistent inflation.

FOX Business' Stuart Varney discusses the impact of Biden's energy policy on gas prices as OPEC announces it will cut oil production by over a million barrels a day.

Surprise oil production cuts announced by OPEC+ on Sunday sent oil prices soaring higher, with Brent crude surging to more than $83 a barrel on Monday.