oil

China, India, Japan, South Korea and the United Kingdom are also tapping their emergency stocks. The goal is to try to bring down oil prices, which have been causing consumers pain at the pump.

President Biden is looking at options to bring down high prices. One possibility attracting a lot of attention is releasing crude oil from the country's emergency reserves.

Guyana, one of South America's poorest countries, is under severe threat by rising seas. That had made it a champion of climate action, but it all changed when ExxonMobil found oil off its waters.

President Biden said he's worried about soaring energy prices and says the world can't simply cut its use of fossil fuels — even as he heads to Glasgow for the U.N. climate summit.

Congress is hosting a hearing with big oil CEOs for the first time about whether they mislead the public about climate change to delay action.

House Oversight Chair Carolyn Maloney, D-N.Y., called the CEOs of four oil companies to appear and answer questions about climate change. She said the companies have spread misinformation for decades.

Most Americans want the government to tackle climate change, but decades of industry lobbying and misinformation have repeatedly worked together to prevent meaningful action.

A new study by the United Nations shows that the world's governments plan to carry on using coal, gas, and oil — despite promises made under the 2015 Paris Agreement to limit global warming.

The agreement will create a path for major oil producers to eventually begin pumping more oil, ending an earlier dispute sparked by the United Arab Emirates.

Oil prices were surging, but a dramatic meeting of many of the world's crude producers has thrown things into a bit of turmoil.