Analysts estimate about 125 million barrels of Russian oil are currently being shipped

The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.

The vast majority of the oil passing through the Strait of Hormuz was Asia-bound. Now, countries there are forced to make do with what they...

At least one Republican senator is criticizing the Trump administration’s moves to lift restrictions on Russian oil amid a gasoline price hi...

Gail Thompson has said she is deeply concerned about the hikes in the price of heating oil, which could make it hard for her husband to brea...

For almost a decade, the global oil debate has been dominated by a powerful narrative: the world is drowning in crude. Financial pundits, ba...

Stock indexes on Wall Street are losing ground in afternoon trading Friday, as the fallout from the war with Iran keeps pressure on oil pric...

Bank of America is warning investors not to chase oil prices higher if crude climbs above $100 per barrel, arguing that prices at those leve...

Japan's Nikkei index fell nearly 2 percent on Friday as escalating conflict in the Middle East drove up crude oil prices, fueling inflation...

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes publis...

Governments have stockpiled oil, and cars are more efficient but the supply shock is global, and there’s no sense of when it’ll end.

The United States and Israel have largely destroyed Iran's conventional naval fleet in a massive bombing campaign since February 28. But Teh...

Saudi Arabia has slashed oil output by roughly 20% as the war with Iran continues to choke off exports from the Persian Gulf, in what could...

An image has been released by police investigating reports a man took pictures of a boy over the top of a shopping centre toilet cubicle. Th...

The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil and gas output, while the now-offline barrels account fo...