The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week ending May 2, after analysts had estimated a 2.5-million ...

Long Island consumers and businesses could see lower gas prices this summer after a group of oil exporting countries said it would significantly increase oil production in June. U.S. crude oil ...

Editor's note: Due to a scheduling change, this segment did not air on May 8, 2025, as planned. Oil prices are dropping globally, spelling good news for the American economy but bad news for ...

With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom ...

Strategic Petroleum Reserve increased from 398.5 million barrels to 399.1 million barrels. Domestic oil production declined from 13.465 million bpd to 13.367 million bpd. Oil markets tested ...

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Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed. Image by hachiware via ...

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LONDON: Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down the previous session ...

Alaska’s state-owned investment bank could get permission to start oil exploration work in the Arctic National Wildlife Refuge as soon as the third quarter of this year, according to court ...

the group of oil-producing countries announced on Saturday that it will increase output again in June, which would make room for the supply surplus. This means prices continue to drop going into fall.