Trump released barrels from federal oil reserves, located at sites along the Texas and Louisiana coasts, to calm a rattled market.

New attacks signal the Iran war is widening across the Middle East to further threaten disruption to energy supplies.

With war in the Middle East raging, oil prices are soaring. To temper the costs, the United States government is turning to oil stored in massive salt caverns.

Trump said the massive Brownsville project would be financed by Reliance Industries, an Indian refining company owned by billionaire Mukesh Ambani.

Major stock indexes ended mostly lower Wednesday as oil futures rose, even though the International Energy Agency decided to ...

The U.S.-Israel war with Iran means higher profits for Texas oil companies and higher costs for its consumers, according to ...

The Nikkei 225 Index remained on edge as energy prices continued the uptrend, with Brent, the global benchmark, rising to $100, and the West Texas Intermediate (WTI) soaring to over $95. Natural gas ...

These price increases worried many Americans who remembered how a gasoline price spike in 2022 following Russia’s invasion of Ukraine helped boost inflation to levels not seen i ...

A new $3-4 billion oil refinery in Brownsville, Texas, has secured funding from Indian conglomerate Reliance and is expected to be fully operational by 2029, creating 500 direct jobs and thousands ...

Good afternoon and happy Wednesday, readers! We’ve had another glorious day in Washington, D.C., today – not too often it ...

President Donald Trump called the refinery planned for Texas a historic $300 billion deal and thanked partners in India, ...

In a post on Truth Social, Trump described the refinery as a major milestone. "A new refinery at the Port of Brownsville will fuel U.S. markets, strengthen our National Security, boost American Energy ...