Oilfield giants pivot to booming AI infrastructure as drilling demand wanes

Oilfield services giants SLB , Halliburton and Baker Hughes are turning to data centers and related artificial intelligence ...

Oil executives predict 2026 price 'low point' as Permian Basin ramps up production capacity

America's oil magnates are prepared for prices to be lower next year, as supply on Texas' Permian Basin ramps up to account for 40% of U.S. oil production in the near future.

Gas prices are low. Will they stay that way?

Gasoline prices have fallen to just over $3 per gallon. That’s good news for consumers and the Trump administration after ...

Sanctioned Russian Oil Will Find New Ways to Flow

A parallel market for the oil of sanctioned countries will adjust to the latest U.S. restrictions.

Trump administration aims to auction offshore oil leases along U.S. coastlines that have been off-limits for decades

The Trump administration is proposing to auction offshore oil drilling leases across new portions of the U.S. coast as soon as 2026, according to internal documents viewed by CBS News.

Energy titan Harold Hamm praises Trump’s move to refill oil reserve, warns of ‘price shock’ if US stalls

As the Trump administration readies to buy 1 million barrels of crude oil, executive Harold Hamm applauds the move as "a good ...

Putin responds to new U.S. sanctions against Rosneft and Lukoil

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