Russian Presidential Envoy Kirill Dmitriev said on Friday that the temporary license issued by the United States for countries to purchase s...

U.S. Treasury Secretary Scott Bessent said the waiver was a bid to stabilize global energy markets roiled by the Iran war.

The U.S. is having to ease some Russian oil sanctions to combat the global pain of price hikes resulting from the Iran war.

It comes as prices are reported to be as high as £1.73 per litre

Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East war continues to choke supply, the in...

The following is a lightly edited transcript of the March 13 episode of the Daily Blast podcast. Listen to it here.Greg Sargent: This is The...

Oil producers in the Arab Gulf have already lost at least $15.1 billion in oil and gas revenues since the start of the Middle East war, per...

The temporary measure is expected to cool global energy markets as crude prices continue to soar after US-Israeli attacks on Iran...

Jason Robertson had two goals and two assists to lead red-hot Dallas to a 7-2 win over the visiting Edmonton Oilers on Thursday, extending t...

The government “expects refiners that purchase crude at low prices won’t then sell their products at higher prices and pocket the profit.”

Crude oil prices were on course for another weekly gain today, despite a temporary dip following the announcement of a 30-day sanction waive...

By Luciana Lopez, CNN(CNN) — The Trump administration on Thursday issued a new license allowing countries to temporarily purchase certain...

Ukraine continues to ramp up attacks on Russian energy with diplomacy on ice

Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.