The Trump administration is proposing to auction offshore oil drilling leases across new portions of the U.S. coast as soon as 2026, according to internal documents viewed by CBS News.

The scientific case for exploration dates back many millions of years to continental drift when Greenland was believed to be ...

Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An update from BP Prudhoe Bay ( (BPPTU)) ...

HOUSTON--(BUSINESS WIRE)--BP Prudhoe Bay Royalty Trust (the “Trust”) today announced a distribution of approximately $4.8 million, or $0.23 per unit, on or about October 20, 2025, to holders of record ...

WASHINGTON, 8th October, 2025 (WAM) – The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million ...

1508 ET – Oil futures rise after the expected increase in OPEC+ production quotas come in lower than traders forecast. BOK Financial, in a report, adds that there is some skepticism that members ...

Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks. By Stanley Reed Reporting from London Eight members of the OPEC Plus oil producers group ...

Saudi Arabia has opened the oil spigots. Among the biggest beneficiaries: President Trump. Crude prices have fallen this year as a result of what Riyadh has officially cast as routine oil-market ...

The OPEC+ alliance has shifted its strategy and has sought to gain market share by increasing output — Paul Ratje Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to ...

OPEC’s second largest producer, Iraq, plans to increase its oil production capacity to 5.5 million barrels per day (bpd) by the end of the year, up from about 4.4 million bpd now, Iraqi Oil Minister ...

November WTI crude oil (CLX25) today is down -2.31 (-3.51%), and November RBOB gasoline (RBX25) is down -0.0468 (-2.35%). Crude oil and gasoline prices are sharply lower today due to the outlook for ...