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Oil companies are releasing their profits with many setting new records, angering activists and the government.
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Oklahoma City and the OKC Water Utilities Trust have filed a lawsuit against an oil company for stealing the city’s water and harming protected lands at the Stinchcomb Wildlife Refuge.
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The Bureau of Indian Affairs is proposing new rules to protect a massive collection of oil and gas rights belonging to the Osage Nation after decades of criticism that the U.S. has mismanaged their estate.
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The cause for the spill is still unclear. What's known is the type of oil that was piped: tar sands oil, also called diluted bitumen. It's a lot harder to clean up than conventional oil.
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A ruptured pipeline northwest of Kansas City dumped about 588,000 gallons of oil into a creek running through rural pastureland, throwing operator TC Energy's federal permit into question.
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The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia's oil earnings in response to its invasion of Ukraine.
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The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.
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Gas prices have recovered somewhat nationwide, but they have continued to spike in California, hitting an average of $6.39 per gallon on Friday.
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The group of oil-producing nations — including Russia — are expected to consider a cut in oil production of up to two million barrels a day.
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The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.