Pfizer's Possible COVID-19 Vaccine Breakthrough Causes Oil Prices To SkyrocketOil prices skyrocketed Monday after Pfizer revealed new coronavirus vaccine data that could offer hope to millions and clear some of the black clouds hovering over the energy industry.
Oil Futures Drop Below Zero, Some Bottled Water Costs More Than Barrel Of CrudeDue to the COVID-19 outbreak, local and state governments have forced most businesses to close and most people to stay home, creating a massive glut of oil.
Halliburton To Furlough 3,500 Workers On Campus In TexasOilfield service company Halliburton has announced it will institute a mandatory furlough for some 3,500 employees in Texas.
Exxon Raises Production Forecast In Texas And New MexicoExxon Mobil is boosting its projected growth of oil and gas production in the Permian Basin and says the field can be profitable even at lower crude prices.
Exxon, Qatar Petroleum To Expand LNG Export Plant In TexasExxon Mobil is making a big bet on the future of exporting natural gas.
Oil Prices Perk Up On Trade Truce, Possible OPEC DecisionA rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude.
Energy Department Says US Is Now World's Top Oil ProducerSeveral states hit record production in August including Texas, which accounts for about 40 percent of U.S. crude
Economy Keeps Growing Even With Rising Oil PricesAmerica's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.
OPEC Enters Meeting That Could Set Direction Of Oil PricesOfficials from major oil-producing nations are expected to agree this week to boost output, but just how much they will open the spigot remain a wild card.
Is It Time To Freak Out About Oil Prices?President Donald Trump's decision to take the U.S. out of the Iran nuclear deal is hitting investors (and gasoline-buying Americans) where it hurts -- the oil market.
U.S. Oil Expected To Meet Most Of World's Growth In DemandA global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years.
US Gas Prices Hold Steady Despite Production CutThe average price of regular grade gasoline is unchanged nationally over the last two weeks, holding steady at $2.20 a gallon.
OPEC Cuts Will Have A Muted Effect On ConsumersOPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.
OPEC Sees Oil Prices Rising More Slowly Amid Glut Of Crude OPEC now sees oil prices rising more slowly over the next few years than it had expected, as the oversupply of crude takes longer to work off.
Energy Department Grows Less Bearish About US Oil ProductionThe decline in U.S. oil production may not be as severe as expected just a month ago.