Gulf of Mexico Drilling

In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the Gulf of Mexico, ruling Thursday in favor of environmental groups that sued to block the lease after it was scheduled for auction in 2023.

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.

A bill that could increase the amount of royalty money Louisiana gets from offshore oil and gas drilling advanced in the U.S. Senate on Tuesday . The...