Berkshire Hathaway boosts bet on oil ahead of shareholder meeting, makes Chevron 4th-largest investment
Berkshire Hathaway has bet big on oil and gas by investing around $40 billion into Occidental and Chevron together.
Democrats blame oil companies for high gas prices
House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-N.Y., said they want legislation to address price gouging and market manipulation. Fox News’ Chad Pergram with more.
European Union likely to approve Russian oil embargo next week: report
European Union countries next week are likely to approve a phased embargo on Russian oil, dealing a significant economic blow to Moscow over its invasion of Ukraine, The New York Times is reporting.
Oil 'takes time' to bring to market: Energy expert
EQT Corporation CEO Toby Rice says Democrats and the Biden administration can do a 'number of things' to help U.S. oil producers bring product to the market even quicker.
Exxon, Chevron earnings surge on high oil, gas prices
ExxonMobil and Chevron saw sales surge during their respective first quarters of 2022 as oil and gas prices soared amid record high inflation and the ongoing conflict between Russia and Ukraine.
Putin has Europe on a ‘rope’: Rep. Markwayne Mullin
Rep. Markwayne Mullin, R-Okla., weighs in on Europe’s dependency on Russian oil.
US crude oil on track for five straight months of gains
Oil prices were trading higher Friday morning as the outlook for demand is still a concern due to China's COVID-19 lockdowns.
National security expert: Biden must revive Trump’s 'energy dominance' to put Putin in his place
Foreign policy expert and former Trump adviser K.T. McFarland says Trump's strategy for global “energy dominance” made Putin too weak to invade Ukraine and it’s not too late for Biden to use the same tactics.
How much could gas cost travelers this summer?
The national average price for a gallon of regular gasoline is expected to creep up in the coming months as consumers head off on their summer vacations.
Germany drops opposition to Russia oil embargo: report
A full European Union ban on Russian oil imports is now possible after Germany this week changed its stance on such an embargo, a report says.
Biden admin ‘empowering Putin’ by shutting down US energy production: Sen. Dan Sullivan
Sen. Dan Sullivan, R-Alaska, weighs in on Biden shutting down domestic energy production.
Pelosi, Schumer target oil companies for gas price spikes
The Democratic leadership in the House and Senate considering legislation to police big oil companies for price gouging as historically high gas costs continue to dog Democrats' midterm chances.
Biden admin trying to get oil from Venezuela, Iran is an economic, national security crisis: Marc Short
Coalition to Protect American Workers executive director Marc Short discusses a new political ad targeted at President Biden.
Exclusive: New political ad slams Biden for considering buying oil from Venezuela over US production
Coalition to Protect American Workers executive director Marc Short discusses inflation and Biden shutting down U.S. oil production.
Oil prices react as demand concerns linger
Oil prices moved higher Thursday morning as markets remain concerned about falling demand, especially in China due to COVID-19 restrictions.
Walmart ups gas discount for some customers; Will Costco?
Effective immediately, Walmart+ customers will get a discount of up to 10 cents on every gallon of fuel they purchase at more than 14,000 participating gas stations around the country.
US should ‘take advantage’ of oil production in Alaska: Former Sen. Begich
Former Alaska Sen. Mark Begich provides insight into why America should stop relying on Russian oil.
Rep. Jeffries announces House plans to work on bill to lower gas prices, does not rule out gas tax holiday
Rep. Hakeem Jeffries, D-N.Y., announced Wednesday that the House will work on legislation to address high gas prices, and “the sooner the better.”
Fuel charges, costs going to be a ‘big problem’ going forward, says Bob Nardelli
Former Home Depot and Chrysler CEO Bob Nardelli weighs in on supply chain issues and inflation.
Fuel charges, costs going to be a ‘big problem’ going forward: Bob Nardelli
Former Home Depot and Chrysler CEO Bob Nardelli weighs in on rising energy prices.