Rapidan Energy Group warns that if the Strait of Hormuz remains closed through August, the world economy could face a downturn approaching ...

President Trump supports suspending the federal gasoline tax amid surging prices driven by the Iran war, a move requiring congressional app...

A week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in ...

Donald Trump issued a stern warning, stating that any country or individual purchasing oil or petrochemicals from Iran would face severe sa...

Fresh tensions in the Middle East, particularly Israel’s actions against the Houthis in Yemen, may jeopardize vital energy resources, raisi...

Oil prices were steady in early Friday trading as investors balanced supply concerns in the Middle East with weak demand signals. Libyan pr...

The IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall du...

Robert McNelly has seen conflicts from up close. He was the former senior energy advisor on both the National Economic Council as well as t...

Crude traders don't expect a massive price surge as there's no immediate threat to supply. But all eyes are on Iran, a major oil producer a...

Shares of state-owned OMCs retreated for the second straight day. Bharat Petroleum Corp (BPCL) ended nearly 1% lower at the end of Monday's...

Before the intervention, global oil supply was set to exceed demand by about 500,000 barrels a day from April to June, before flipping into...

The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it ...

The US oil and gas industry is used to dealing with outages, like those caused by hurricanes or other extreme weather -- see February’s win...

Opec and its partners’ record output cuts since May have helped revive the oil market.

US West Texas Intermediate (WTI) crude rose 5.9%, or $1.49, to $26.81, a day after jumping 24.7%.

Energy Minister Alexander Novak favored keeping the group’s supply reduction at current levels.

The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration o...