“Strong operational execution, along with higher commodity prices enabled us to generate approximately $1.7 billion of free cash flow before working capital in the first quarter, and we exited the ...

As the U.S. and Iran fight for dominance in the Strait of Hormuz, U.S. gas prices are continuing to rise—and production might ...

It has been said that Persian Gulf countries are both blessed and cursed by their vast oil and gas reserves. Geologic forces over millions of years have meant the region is an energy-rich global flash ...

The Iranian blockade of the Strait of Hormuz has shown how easy it is to for one country to turn geography into a ferocious weapon with devastating global impacts. It also reveals a truth about the ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

Few Californians welcome higher gas prices. So they should cheer the news that Sable Offshore Corp. has resumed oil sales through the Santa Ynez Pipeline System in Santa Barbara County. Sable ...

The biggest oil supply shock in history has reached the one-month mark. Prices have surged, growth forecasts are being cut worldwide, and shortages are emerging across Asia, from Thailand to Pakistan.

No single country, company or group sets oil prices. Instead, prices are determined through global trading. According to the U.S. Energy Information Administration (EIA), millions of buyers and ...

Major disruptions in Qatar (15% of global LNG) and Australia have triggered a severe natural gas shortage, far worse than the oil shock. Gas prices have spiked sharply (Asia +143%, Europe +85%), with ...

President Trump said Tuesday that Tehran gave the U.S. a “present” related to oil and gas as the countries look toward a potential ceasefire, though he did not specify exactly what the gift was. “They ...

Singaporean Prime Minister Lawrence Wong and Australian Prime Minister Anthony Albanese shake hands during a joint press conference in Canberra, Australia, Oct. 8, 2025. Credit: Facebook/Lawrence Wong ...

Asian allies are looking to the U.S. for secure oil and gas supplies during the Iran war, Interior Secretary Doug Burgum said. Japan relies on the Strait of Hormuz for 90% of its oil imports, said ...