U.S. Economy

A preliminary University of Florida report has estimated that losses to the Florida agriculture industry following Hurricane Ian are as high as $1.56 billion.

President Biden announced Wednesday that his administration would be releasing an additional 15 million barrels of oil from the nation's strategic reserves.

Inflation has caused British food prices to soar at the fastest pace in over 40 years through the month of September, causing demands that the government step up to help citizens.

Spending thousands of dollars in gas each week, Freed's Bakery in Las Vegas had to cut back on deliveries and raise prices, while some employees cut hours to save on commute costs.

White House press secretary Karine Jean-Pierre touted savings at the gas pump on Tuesday despite elevated gas prices from two years ago.

Missouri State Treasurer Scott Fitzpatrick announced his state's retirement system would sell $500 million in pension funds managed by BlackRock over the bank's left-wing initiatives.

A new report from the Energy Information Administration (EIA) indicates that Americans can expect to pay higher fees for natural gas this winter.

New England, known for its cold winters, is at risk of rolling blackouts this winter because of increased competition with the European Union for liquified natural gas.

The average American worker has lost $3,000, and the average family has lost $6,000 in annual wages, thanks to rising inflation under President Biden.

Kroger is acquiring Albertsons for $34.10 per share in a deal valued at around $24.6 billion. Kroger CEO Rodney McMullen will continue to lead the combined company.

Russian President Vladimir Putin claimed he and his war in Ukraine have nothing to do with the energy crisis plaguing Europe as nations brace for winter.

A conservative group wants a pro-fossil fuel lawyer and scientist on the board of Exxon Mobil Corp., in an effort to confront an "insurgency" of pro-ESG members

The award to Bernanke cited a 1983 publication establishing bank failures as key to the transformation of an economic recession into the most severe depression of the 20th century.

Valero is denying California regulators' accusations of price gouging amid a drop in crude oil prices, pointing instead to the state's regulatory environment.

FOX Business host Larry Kudlow rips President Biden's economic and energy agenda as Americans continue to face inflation on "Kudlow."

President Biden, speaking at a Volvo manufacturing plant in Hagerstown, Maryland, on Friday, blamed OPEC+ for the country's inability to lower historically high gas prices nationwide.

Rep. Ro Khanna, D-Calif., said Biden's priority is to lower gas prices and he should get tougher on Saudi Arabia after OPEC moves to cut oil production.

The U.K. national power operator has warned that citizens should brace for up to three-hour energy blackouts this winter in the 'unlikely' event gas supplies dwindle.

President Biden told reporters the decision by OPEC+ was a 'disappointment' and said the White House was looking for other 'alternatives.'

Republican Senator Bill Hagerty of Tennessee addresses the energy policy of the Biden administration and how it has impacted America's erratic oil market.