Shell says oil output halted at three Gulf of Mexico platforms on pipeline outage
A leak shut pipelines in the Gulf of Mexico, causing Shell to halt production at three of its deepwater platforms.
Gas prices dip below $4 a gallon, here's why it still could be bad news for Biden
Gas prices continue to decline from a record-high national average of over $5 per gallon last month, dipping just before $4 per gallon for the first time since March.
Market expert warns of 'a lot of chop ahead'
Slatestone Wealth chief market strategist Kenny Polcari argues the current market rally does not 'signal the end' of volatility from the bear market.
Crude oil prices rise as Russia suspends exports to Europe through pipeline
Crude oil prices rose after it was announced that Russia is suspending crude oil exports through the Druzhba pipeline, blaming a Ukrainian transporter for shutting it down.
Gas demand similar to early days of COVID-19
Gas prices have fallen since mid-June. However, gasoline demand has dropped to levels not seen since the early days of the pandemic, revealing how consumers' habits are changing.
Republican states are planning an all-out assault on woke banks: 'We won’t do business with you'
Republican states are preparing policies seeking to hit back at banks and financial institutions that have pledged to boycott fossil fuel investments as part of their green agenda.
Rep. Donalds blasts Biden admin for causing a recession
Rep. Byron Donalds, R-Fla., argued that the Biden administration has done nothing to help lower gas prices, stressing that oil futures have been pricing in a recession, which he argued is the 'primary driver' behind the drop.
Republican lawmaker aims to force Dem states to allow fracking: 'Threatening America’s energy independence'
Republican Rep. Claudia Tenney introduced legislation Wednesday that would force states with fracking bans to choose between federal funds and fossil fuel production.
Oil expert: OPEC facing tight supplies
The Schork Group principal Stephen Schork discusses the OPEC+ meeting as Saudi Arabia asks to increase oil production.
Manchin-Schumer bill would reinstate tax on imported oil and petroleum products
A bill spearheaded by Sens. Schumer and Manchin and supported by Biden would reinstate an excise tax on oil imports, which critics say will be passed on to consumers.
Stuart Varney: Manchin 'caved' on Democrats' spending plan to get Mountain Valley Pipeline
FOX Business host Stuart Varney argues there's 'no certainty' that Manchin will get the Mountain Valley Pipeline.
Gas prices will continue to fall below $4: GasBuddy analyst
GasBuddy head of petroleum analysis Patrick De Haan notes that weather events could interfere with that trajectory.
Inflation 'crushing' both the middle class and the poor: Energy expert
The Schork Group principal Stephen Schork argues the U.S. needs a 'balanced approach' towards a green energy shift, warning it should include the 'responsible use of fossil fuels' or else inflation and slow economic growth will continue.
Former oil exec warns recession comes alongside energy crises: 'Gas will exceed $5 again' soon
Former CEO of Cumberland Farms Gulf Oil Group Joe Petrowski forecasted on Monday that "retail gasoline prices will exceed $5" by the end of the summer.
Most Americans will feel tax pain from Dem inflation bill despite Biden's past promises: analysis
The poorest Americans will pay more in taxes as a result of Democrats' inflation bill, a nonpartisan analysis concluded, despite President Biden's past pledges.
Oil expert 'absolutely certain' US will be in a recession
Joe Petrowski, former CEO of Cumberland Farms Gulf Oil Group, argues that a recession comes along with 'every energy crisis.'
Exxon, Chevron, Shell profits soar on oil's surge
Energy firms ExxonMobil, Chevron and Shell all saw profits jump last quarter, when strong oil demand drove gas prices to the highest on record.
High gas prices causing Americans to change driving habits: GasBuddy analyst
GasBuddy head of petroleum analysis Patrick De Haan says he's 'worried' the downtrend in gas prices won't continue.
China's Fed insiders, oil reserves tapped, Fed decision imminent: Wednesday's 5 things to know
The Fed is widely expected to raise the Federal Funds rate by three-quarters of a percentage point, even as a new report reveals China has tried to undermine American monetary policy.
Energy experts slam Biden for touting modest decrease in gas prices
Experts slammed President Biden after he touted a modest decrease in gas prices, a change of tune from when the president said there was little he could do about surging costs.