The Strait of Hormuz is a narrow passage of water that connects the Persian Gulf and the Gulf of Oman. It is 21 miles wide at its narrowest point with a 2-mile wide shipping lane in either direction. It is the primary route Middle Eastern countries use to ship crude oil and petroleum products from the Persian Gulf to the rest of the world.

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 this week,

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

U.S. crude-oil production is likely to decline over the next 18 months as producers cut back on drilling activity in response to lower oil prices, the U.S. Energy Information Administration said Tuesday. In its monthly Short Term Energy Outlook, the EIA ...

The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday

President Donald Trump’s policies are getting in the way of drillers from pumping more oil, producers and career oilmen say, warning that low prices threaten thousands of jobs. Throughout Trump’s second administration, oil prices and the number of rigs ...

The Trump administration reportedly has plans to open the waters off California's coast to new oil and gas drilling for the first time in four decades, drawing swift condemnation from Gov. Gavin Newsom, lawmakers and environmental groups who say it would ...

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