In the span of just two weeks, global energy markets have been thrown into turmoil. Oil prices have surged past $100 a barrel for the first time in years and even briefly climbed to $120. The cause is no mystery.

A federal deadline came and went this week for oil companies to bid on around 1 million acres of drilling territory off Alaska’s Cook Inlet.

Editor’s note: This story was updated to correct a reference to private oil producers. "Drill, baby, drill" has long been the Trump administration‘s political shorthand for unleashing U.S. oil production.

"We won't tolerate the Trump Administration's intent to auction off California's coast for offshore drilling to the highest bidder," Levin said.

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 ...

The long-controversial Murphy Oil drill site on West Adams is finally getting a tighter leash from City Hall. Planners have slapped a new bundle of operating conditions on the green-walled lot tucked near homes and schools,

Learn about drilling mud, also known as drilling fluid, which facilitates borehole drilling for oil, gas, and sampling by cooling and lubricating the drill bit.

Add Yahoo as a preferred source to see more of our stories on Google. An offshore oil platform with Santa Cruz Island in the background is seen in the Santa Barbara Channel. President Donald Trump wants to open the entire California coast to offshore oil ...

RE:PUBLIC reports on the latest trends in renewable energy, highlighting innovations and policy changes boosting sustainability.

Trump’s social-media post is a potential public relations hurdle for an industry that has a complicated relationship with the president.