Oil

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases across millions of acres.

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block possible action by the incoming Trump administration to expand offshore drilling.

A separate review finds issues with an industry-funded insurance group.

The added expense affects people in Alabama’s Black Belt differently, including road trippers, commuters and even those who can’t drive.

A Louisiana lawmaker has proposed legislation that would position the state to receive nearly $200 million in federal funding to fix abandoned oil and gas wells.

Experts say activating unused oil wells could temper the rising costs at the gas pump, but consumers should not expect prices to get anywhere near their COVID low.

Nearly half of known Gulf of Mexico worker fatalities didn’t fit the agency’s reporting criteria

Gas prices usually rise in the spring and peak around Memorial Day. That’s because refineries make more expensive blends for summer. Last week, though,…