Crude prices fell Wednesday after a report on U.S. crude supplies indicated a sharp jump in inventory, ahead of official data from the Energy Information Administration later. West Texas Intermediate crude for July delivery CLN19, -2.55%  fell 89 cents, or 1.7%, to $52.39 a barrel on the New York MercantileRead More →

The summer driving season has just begun, but gasoline prices at the pump may be ready to drop following steep declines in the price of crude oil. In a report released Thursday, motorist and leisure travel group AAA said drivers may have already seen the highest prices of the yearRead More →

Homo sapiens are unique in our ability unlock the secrets of nature, build great civilizations and create technological wonders and radically alter the environment—not always for the better. Harnessing fossil fuels accelerated our ascent but, according to scientists, diplomats and the architects of the 2016 Paris Agreement, we must curbRead More →

JEDDAH, Saudi Arabia—The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions. If the group ultimately chooses to increase production, there’s a hitch: The cartel’s internal simulationsRead More →