According to the U.S. Energy Information Administration, domestic production increased by more than 3 million barrels per day – from approximately 9.3 million barrels per day...
(Reuters) – U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on...
WASHINGTON (McClatchy) – Think of it as Christmas in August. Gasoline prices are expected to drop sharply this month and might be approaching $2 a gallon in...
(Bloomberg) – Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a...
ENID, Okla. (The Washington Post) – Other men bought big houses or new pickups with their oil money. Mike Gillham bought his favorite bar. He heads there...
(Bloomberg) – Six years after the recession ended, many U.S. states are hard pressed to balance budgets because of a sluggish recovery and their own...
(CBS News) – Gas prices are starting to zoom higher, jumping more than 20 cents overnight in some parts of the country this week. Residents...
JOAN LOWY, Associated Press WASHINGTON (AP) — The new Republican-controlled Congress is facing an old problem: where to find the money for highway and transit programs....
(Business Week) – The first thing you notice about the Mirai, Toyota’s new $62,000, four-door family sedan, is that it’s no Camry, an international symbol...
The Associated Press FRANKFURT, Germany (AP) — The ruble hit a new record low against the U.S. dollar as weaker oil prices keep up the pressure...
MERRIT KENNEDY, Associated Press CAIRO (AP) — Egypt’s stock market shares plunged by 22 billion Egyptian pounds (just over $3 billion) in Sunday trading as low...
(Business Week) – The world’s biggest oil companies faced ruin in the summer of 1931. Crude prices had plummeted. Wildcatters were selling oil from the bonanza...
ALI AKBAR DAREINI, Associated Press TEHRAN, Iran (AP) — Iran’s President Hassan Rouhani said Wednesday that the sharp fall in global oil prices is the result...
JOHN HEILPRIN, Associated Press GENEVA (AP) — Flying could get cheaper next year as airlines say they will finally start passing on some of the savings...
(The L.A. Times)—The average price of regular gasoline at U.S. pumps slid to the lowest level in almost four years, dropping 18.2 cents in the...
