Oil

New data for the month of November show the U.S. trade deficit has hit its widest point in seven months — but could that be a good thing?

The U.S. is importing less oil, and that will continue into next year. The Energy Information Administration expects the lowest oil import levels in 25 years.

OPEC earned a record $1 trillion in revenues in 2012, and the average price of oil was the highest ever.

We've told you about the energy boom unfolding in the Northern plains states. Centered in North Dakota, the industry is quickly spilling over into Montana.

Daniel Brock was happily teaching. Then he heard about jobs in the oil fields of North Dakota. Now he's happily working there.

Higher oil and gas production in the U.S. will change oil relationships around the world. The Middle East won't be called on to produce as much, costing it income, but Saudi Arabia will remain a key player.

Trains haul fracking supplies into the region and haul oil out of it. The oil boom comes at a good time: the railroads' mainstay, coal, is in a slump.

There's an oil and gas boom in North America thanks to an innovation known as hydraulic fracturing that extracts natural gas and oil from shale rock deep underground. Here's how it works.

A year after her husband moved to North Dakota's oil fields from their home in Missouri, Shannon Atwell picked up her four boys and joined him.

Richard Karpe had his first roughneck job at age 11, on a rig run by his stepfather. He talks about the roughneck life and its hazards.