Gasoline and distillate inventories rose more than expected. "The crude oil draw was largely on import-export dynamics," said Bob Yawger, director of energy futures at Mizuho. "The exports are ...

US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over two years. Oil companies are prioritizing shareholder ...

The total includes 607 to drill new oil or gas wells, six to re-enter plugged wellbores, and 53 for re-completions, the RRC ...

There’s no hope of drilling off the state’s coastline right now, but there’s at least one new onshore oil project on the drawing board. As President-elect Donald Trump takes aim at the Biden ...

The Republican-led House passed legislation to block future administrations from enacting bans on oil and gas drilling without congressional approval. In a vote on Friday, lawmakers passed the ...

But most of the drilling leases already granted to companies in the oil-rich Gulf are idle and unused, and they’ll stay that way until the United States’ record-breaking production rates wane ...

But Obama’s and Biden’s drilling bans are rooted in a 72-year-old federal law that explicitly empowers presidents to withdraw US waters from oil and gas leasing without explicitly authorizing ...