In testimony on Tuesday before a House subcommittee, the GAO presented "challenges" to receiving a "fair return" to the federal government for developing oil, natural gas, and coal resources.
Exxon and Chevron have filed for hundreds of new drilling permits in the Permian Basin so far this year. Are the majors about to squeeze the independents out of the country's most productive oil…
The energy sector has drastically underperformed in 2019, and with geopolitical turbulence swirling in the Middle East, there could be huge value in owning stocks that are somewhat protected from the kind of interruptions…
Bloom Energy was the target of a short seller earlier this week and the fuel cell company's stock dropped by about 20%. A JPMorgan analyst gave the company some help Thursday and shares have…
The U.S. stockpile of crude oil rose by 1.1 million barrels last week, the first gain in five weeks. Hopes for a quick recovery in Saudi Arabian production also have been raised.
The last massive release of crude from the U.S. Strategic Petroleum Reserve was in 1991, when conflicts in the Middle East disrupted the oil markets. That may happen again in the coming weeks if…
Few economists believe the global economy is growing or will grow soon, at least at a healthy level. High oil prices only make the dicey situation that is the global economy worse.
The surge in U.S. production and the politics of OPEC finances have allowed America to move ahead of Saudi Arabia to become the world's largest oil exporter.
OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020.