Oil prices rise sharply in market trading after attacks disrupt supply
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
Watch CBS News
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
If you have travel plans this summer, expect to pay even more at the pump. Analysts say the nationwide the average price for regular gas is likely to be around $4 a gallon.
Rep. Dan Crenshaw, R-Texas is calling out the Biden administration on Twitter for asking OPEC to increase crude oil production.
As gasoline prices reach a seven-year high, the Biden administration is calling on OPEC and its allies to do more to combat rising energy prices.
The OPEC oil cartel and allied producing countries have confirmed their plans to return 2.1 million barrels per day of oil output.
North Texans are paying more at the pump. According to AAA Texas, the average price in the state is $2.64 for a gallon of regular unleaded.
Oil prices skyrocketed Monday after Pfizer revealed new coronavirus vaccine data that could offer hope to millions and clear some of the black clouds hovering over the energy industry.
Due to the COVID-19 outbreak, local and state governments have forced most businesses to close and most people to stay home, creating a massive glut of oil.
Oilfield service company Halliburton has announced it will institute a mandatory furlough for some 3,500 employees in Texas.
Exxon Mobil is boosting its projected growth of oil and gas production in the Permian Basin and says the field can be profitable even at lower crude prices.
Exxon Mobil is making a big bet on the future of exporting natural gas.
A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude.
Several states hit record production in August including Texas, which accounts for about 40 percent of U.S. crude
America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.
Officials from major oil-producing nations are expected to agree this week to boost output, but just how much they will open the spigot remain a wild card.
President Donald Trump's decision to take the U.S. out of the Iran nuclear deal is hitting investors (and gasoline-buying Americans) where it hurts -- the oil market.
A global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years.
The average price of regular grade gasoline is unchanged nationally over the last two weeks, holding steady at $2.20 a gallon.
OPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.
OPEC now sees oil prices rising more slowly over the next few years than it had expected, as the oversupply of crude takes longer to work off.
The decline in U.S. oil production may not be as severe as expected just a month ago.
The price for a barrel of US Crude oil slipped to its lowest level in more than 6 years on Tuesday.
The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
Oil has averaged $96 a barrel over the past four years, fueling more drilling, more hiring, and bigger appetites in North Dakota, Texas, Oklahoma and elsewhere. Now oil has hit a rough patch, plunging to $80 from $107
Witness told police that one of those men pulled out a gun and shot the other before fleeing the scene.
As the war with Iran hits the 7-month mark, Trump tells Axios he expects talks to resume despite neither side signaling willingness to change demands.
Cecilia Zandalasini scored 22 points, Gabby Williams added 20 and four assists, and the second-seeded Golden State Valkyries ran away from the Dallas Wings by halftime.
Madonna won Artist of the Year while Taylor Swift became the most awarded artist in Video Music Awards history.
For a moment, it looked as though it would be the Cowboys who would win the game in regulation.
Witness told police that one of those men pulled out a gun and shot the other before fleeing the scene.
As the war with Iran hits the 7-month mark, Trump tells Axios he expects talks to resume despite neither side signaling willingness to change demands.
Cecilia Zandalasini scored 22 points, Gabby Williams added 20 and four assists, and the second-seeded Golden State Valkyries ran away from the Dallas Wings by halftime.
Madonna won Artist of the Year while Taylor Swift became the most awarded artist in Video Music Awards history.
For a moment, it looked as though it would be the Cowboys who would win the game in regulation.
The situation, food banks warn, is getting worse.
Dallas nonprofit Hunger Busters has been under scrutiny since an I-Team investigation in January.
Nearly 300 railroad crossings used by school buses in Texas have a history of crashes.
Technology company SPAN wants to build thousands of tiny data centers and spread them across the country.
Critics of LifeWise say its business model puts too much of the burden on local communities.
President Trump, Greenland Premier Jens-Frederik Nielsen and Danish Prime Minister Mette Frederiksen signed the security agreement on the sidelines of the United Nations General Assembly in New York.
The White House said the two leaders agreed on using the term "super intelligence" rather than "artificial intelligence" to describe the technology.
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
President Trump moved to cancel almost $1 billion in spending that was approved by Congress, marking the second time his administration has employed a rarely used tactic that some lawmakers in both parties have called illegal.
Hispanic Republicans Luisa del Rosal, a political commentator, and Orlando Salazar, founder and CEO of Voz Media, a conservative media outlet, say the economy and the ICE shootings are hurting the party.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
This Saturday, the Walk to End Lupus will put a spotlight on the autoimmune disease and the North Texans living with it.
About 40 million Americans are on GLP-1 medications like Ozempic, Wegovy, Zepbound and Mounjaro.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The Republican Midterm Convention starts Wednesday at the American Airlines Center.
After a 2024 merger with Cedar Flags the combined company moved its headquarters to North Carolina.
The project would include a new Dallas Stars arena, along with restaurants, shops and public spaces.
It's an annual Dallas tradition, but this year those pink Cadillacs are parking in Fort Worth.
A fairly new entertainment and food venue in Allen surprised a lot of people last week by suddenly shutting down.
Cecilia Zandalasini scored 22 points, Gabby Williams added 20 and four assists, and the second-seeded Golden State Valkyries ran away from the Dallas Wings by halftime.
For a moment, it looked as though it would be the Cowboys who would win the game in regulation.
The Texas Rangers were eliminated from postseason contention on the final day of the regular season with a 6-4 loss to the Minnesota Twins, who got a home run and three RBIs from Josh Bell to back Dean Kremer's seven innings of one-run pitching.
Jacob deGrom matched a career high by allowing eight earned runs and the Texas Rangers stumbled again in the AL West race with a 10-2 loss to the Minnesota Twins.
The Cowboys are facing the Baltimore Ravens in the NFL's first-ever game in Rio de Janeiro.
Madonna won Artist of the Year while Taylor Swift became the most awarded artist in Video Music Awards history.
Challenging documentaries and award-winning features are among the offerings of New York City's leading cinema event, starring such luminaries as Pedro Pascal, Adam Driver, Scarlett Johansson, Julianne Moore and Godzilla.
Sylvester Stallone said he took a series of odd jobs to make ends meet before the bruised but unbowed Rocky Balboa.
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
