U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off ...

Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum.

The 32 member countries of the International Energy Agency (IEA) unanimously agreed to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in ...

US President Donald Trump on Friday said that the American forces ‘obliterated’ military targets on Iran’s Kharg Island. Here’s why such attacks on the island are detrimental to Iran and the world.

Smoke rises following an Israeli airstrike in Dahiyeh, Beirut’s southern suburbs, Friday, March 6, 2026. (AP Photo/Hussein ...

A company spokesperson said in an emailed statement sent late Friday that the Trump administration has approved the Kaskida Project in the Gulf of Mexico.

At least 17 vessels have been attacked in key Middle East shipping lanes over the past two weeks amid the ongoing conflict, according to a report by CNN citing data from the United Kingdom Maritime ...

The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.

Aging fields and volatile markets make drilling a tough sell, even with a path cleared for permitting.

Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.

Kharg Island lies about 15 miles off the coast of Iran in the Persian Gulf and is critical to the nation’s economy. Iran’s ...

President Donald Trump said late Friday that U.S. forces “obliterated” military targets on Kharg Island, a critical hub of Iran's oil Gulf operations, with the country responding by threatening to ...