The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.556 million barrels in the week e...

The Trump Administration has already used up most emergency options to rein in the soaring international crude oil prices, which have pushed...

On Monday, European Union foreign ministers rejected demands by U.S. President Donald Trump to help secure the Strait of Hormuz through mili...

As the Iran war drags deeper into its third week, one seemingly obvious solution for more energy is crude oil from Venezuela after the Trump...

Peru's political landscape experienced another shakeup as Prime Minister Denisse Miralles stepped down on Tuesday, just before a pivotal vot...

By cutting off Russian oil supplies to Hungary and Slovakia, Kiev has triggered a row that delays a vital loan...

Beyond oil and gas, several other sectors of the economy will likely see a hit if the US-Iran war continues for a longer duration. According...

SANTA BARBARA COUNTY, Calif. (KEYT) – On Tuesday, Judge Donna Geck upheld an injunction against a restart of oil production locally despite...

Walk in the door of the Boxing Crab, and you’ll immediately be greeted by a server who guides you to your booth, brings a large swath of pap...

The war in Iran has led to a worldwide energy crisis, with oil experts from the Persian Gulf being blocked by Iran’s closure of the Strait o...

Last week, Iran’s new supreme leader vowed to continue the country’s blockade of the Strait of Hormuz as the United States and Israel contin...

The sea channel has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehr...

Chinese state oil giants are back scouring the market for Russian crude, four months after halting purchases due to the U.S. sanctions on Ro...

As of 9 a.m. Eastern Time today, oil is trading at $102.98 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s 84 cents...

India’s state-controlled refiners and retailers are requesting advance payments for the fuel they are supplying to fuel stations as the Midd...