Export controls aren’t said to be on the table at the moment, but anxiety is rising as Trump lashes out at industry profits.

The legislation targets preferential tax treatment for overseas oil and gas extraction income as U.S. pump prices top $4 a gallon

America’s greatest rival is single-handedly averting a global energy crisis. No one knows how the country is doing it—or why.

By Robert Harvey LONDON, Aug 5 (Reuters) - Oil prices rose on Wednesday after Yemen's Iran-aligned Houthi rebels said they attacked a Saudi oil tanker in the Red Sea, denting hopes of a de-escalation in Iran war hostilities that could restore shipping traffic and oil flows in the Middle East.

Sound familiar? A pause in fighting between the United States and Iran has given oil traders hope that a diplomatic resolution could restart the flow of oil traffic out of the Middle East.

The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil producing group cut its 2024 outlook, citing weakness in Chinese demand.

US president’s complaint industry ‘making too much money’ comes after his policies boosted corporations

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Oil futures rose Friday, but finished down on the week. WTI settled up 1.2% at $78.18 a barrel, but down 7.7% for the week. Brent rose 1.3% to $83.55 for a 5% weekly loss.