A Texas oil executive accused of theft of services involving at least $300,000 has been arrested in New York and is now facing first-degree felony charges in West Texas, prosecutors announced Friday.

Fives ProSim, a subsidiary of the Fives Group and an expert in industrial process simulation and optimization, announces the release of ProSimPlus Python API. This new solution enables users to run ...

Major energy firms, including SLB, Baker Hughes, and ExxonMobil say the Middle East supply crisis is pushing governments and companies to prioritize energy security and ramp up oil and gas exploration ...

4:30 P.M. WE HAVE AN UPDATE ON CALIFORNIA’S OIL AND GAS SITUATION. AS STATE LEADERS GET READY FOR PRICES TO GO UP, EVEN MORE. CALIFORNIA IS RELYING ON MORE IMPORTED FUEL THAN EVER RIGHT NOW, A ...

The closure of the Strait of Hormuz has trapped one fifth of the world’s oil supply in the Persian Gulf, a crisis that the World Bank Group predicts will spike energy prices by 24 percent in 2026—the ...

America is the world's leading oil producer. The United States is less reliant on foreign oil than at times in the past. And of the oil we do import, only 8% comes from the Middle East. Why, then, ...

Middle Eastern oil exporters are scrambling to explore alternative routes to get their oil and gas exports out of the region. The closure of the Strait of Hormuz has triggered a huge energy supply ...

Type to search articles, cases, and authors. Press ↵ to view all results. The Supreme Court on Friday sent a lawsuit seeking to hold oil and gas companies liable for damage to the Louisiana coast back ...

President Trump said Sunday that the prices of oil and gas could drop, stay even or go “maybe a little higher” by this year’s midterm elections in comments that follow his announcement that the U.S.

Oil prices fell sharply while global stock markets surged Wednesday after the United States and Iran agreed to a conditional two-week ceasefire that includes reopening the Strait of Hormuz. The price ...

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 ...