The Obama administration will announce Tuesday a proposal to start drilling in Atlantic Coast waters, The New York Times reports.» Read More
Moody's lowered Venezuela's rating from Caa3 to Caa1 on Monday as the country's default risk rises on plummeting oil prices.
CNBC's Jim Cramer says analysts need to cut their oil outlook in order for energy stocks to bottom.
GasBuddy.com's annual gas price outlook says the U.S. average gallon price could hit lowest mark since 2009, USA Today reports.
After the steep fall, oil prices will bounce back to about $70 per barrel, according to an industry expert.
Oil investors are paying attention to Civeo's recent plummeting as the drop points to indications of slower oil investments.
U.S. crude futures extended losses after inventories unexpectedly surged last week as imports jumped and refineries maintained output.
Gasoline is once more a wild card for the economy—but this time it's a potential positive because prices could fall sharply.
Consumers will pay the highest Fourth of July gasoline prices in six years, but pump prices would be far higher if not for the oil shale boom.
Gas prices are at the highest level in six years for the July 4th holiday, but they could start to fall if Iraq oil production remains secure.
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
After gallons of crude oil gushed from the Exxon Valdez and soiled Alaskan's grounds, oil spill responders fear that another disaster is looming.
Gasoline prices, already up about 12 cents in two weeks, are expected to rise before topping out in the spring.
Gasoline could jump anywhere from 15 to 40 cents a gallon over the next several months, but it could be one of the cheapest summer driving seasons in several years.
Cheaper gasoline has put billions back in the pocket of consumers, but it’s unclear how much of it will go to holiday shopping.
Hundreds of thousands of barrels of oil a day will move from western Canada into the U.S., even if the Keystone XL Pipeline is never built.
Oil could briefly spike to $150 per barrel or more if Syria's supporters seek to punish the U.S. and its allies for a military strike against it by disrupting oil supplies. Brent oil could briefly spike as high as $150 a barrel.
The potential for U.S. intervention in Syria has sent jitters through the oil market, but the event's ultimate impact will be determined by what happens after the military strike.
U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile.
Crude continues its runup, reaching for $110 in Friday's session. Here's why this trader is still betting on oil.