The largest OPEC producer has said it can meet any shortages brought on by Iran sanctions...
Saudi Arabia has been slowly increasing oil exports to the U.S. over the past few months, a move that could keep prices from skyrocketing when Iran sanctions go into effect...
The number of rigs drilling for natural gas in the U.S. continues to shrink, but oil is still booming, with 57 percent more rigs in operation this year than last...
Britain is poised to coordinate with the United States in a release of strategic oil stocks from government-controlled reserves within months, according to two British sources...
Shortly after the Obama administration released a report documenting its energy achievements earlier this week, a separate survey found most Americans don’t blame the president for rising gas prices as many economists had suspected...
Crude oil prices fluctuated on Wednesday after government data showed inventories at the U.S. delivery hub in Cushing, Oklahoma, to have reached a nine-month high...
The first of several public meetings will be held Monday night in Silt, Colorado, to discuss the controversial use of public lands in the western part of the country for oil shale development...
OPEC projects global oil demand will rise by 900,000 barrels per day this year despite Europe's debt crisis, higher oil prices, and weakening demand in the West...
Natural gas prices plunged on Thursday as spring-like weather around the country raised expectations that demand would remain weak, while developments in the Middle East and Europe pushed oil prices higher...
The U.S. Senate could vote as early as Thursday on a plan to fast-track TransCanada's Keystone XL pipeline, but Democrats are unlikely to give their support to the measure...
With gas prices continuing to soar, seventy members of Congress on Monday urged federal regulators to stop excessive oil speculation...
The average price of a gallon of gas is pushing $3.80 today as oil prices continue a climb spurred by a standoff between Iran and western powers over the country's nuclear program...
U.S. crude inventories rose significantly more than expected last week, but gasoline stockpiles and distillate stocks declined...
The U.S. is considering whether to release oil from its strategic reserves, acknowledging the potential for serious supply disruptions due to conflict with Iran to negatively impact the global economy...
The EU committee tasked with determining whether to label oil derived from oil sands as worse for the climate than crude oil failed to come to a conclusion after Canada vigorously opposed what it said would effectively amount to an import ban...