U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June 2025, a company executive said on Tuesday at a conference in Houston.

The company’s turbines — enough to power 280,000 homes — run without emission controls in an area that leads Tennessee in ...

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

Oil output from the U.S. Gulf of Mexico can continue growing despite market uncertainty created by the most geopolitical ...

Two of the largest players in gasoline distribution are looking to form a marriage, and it could create a ripple effect when ...