Oil

Energy industry representatives said the reason so many drilling permits sit unused is more complicated than White House Press Secretary Jen Psaki suggested.

Talks of a natural gas pipeline from Israel to Europe could be rekindled to provide the continent with an alternative to Russian gas amid Putin's invasion of Ukraine, Chevron CEO Michael Wirth said at the CERAWeek conference in Houston on Monday.

Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy conference as energy prices soared over supply concerns.

White House press secretary Jen Psaki suggested during Monday's press briefing that claims the Biden administration's policies are preventing domestic drilling are inaccurate, which echoed an assertion she made last week that the industry “is literally sitting on stockpiled leases and permits.”

Transportation Secretary Pete Buttigieg on Monday said the American people stand to benefit from having more electric vehicles on the road but failed to elaborate on how they could become more affordable.

Gas prices across the U.S. reached their highest levels in over a decade Monday as Russia’s invasion of Ukraine compounded problems beset by lingering supply chain issues.

White House press secretary Jen Psaki suggested Monday that the Keystone XL Pipeline, the construction of which President Biden canceled on his first day in office, would not have made a difference in the nation's skyrocketing gas prices.

Exxon Mobil CEO Darren Woods told the CERAWeek energy conference Monday that producers are trying to ramp up production, but that doing so was tough even before the Ukraine crisis.

The latest data from GasBuddy shows the U.S. national average for a gallon of gas has hit a new record high of $4.104.

Forbes Media CEO Steve Forbes outlined the “basic things” President Biden should do to curb inflation.

Climate Enovy John Kerry pushed to speed up green energy transition, didn't address Manchin comments pushing for more domestic energy production.

FOX Business' Stuart Varney discusses the price 'shock' plaguing Americans' wallets as inflation tears through the US

Gristedes & D’Agostino Food Chairman and CEO John Catsimatidis warns of the impact of high oil prices on the consumer and overall inflation on "Mornings with Maria."

Rep. Kevin Brady, R-Texas, on Congress eyeing legislation to sever ties with Russian oil as bipartisan calls to ban imports into the U.S. grows.