Crude oil inventories in the United States increased by 3.8 million barrels during the week ending March 6, according to new data from the U...

The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, accordin...

He also emphasized the need to develop a clear mechanism for advancing exploration, research, and development efforts to help meet domestic...

Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of oil supplies from the...

The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began

The G-7 group of the world’s most advanced economies support in principle the idea to release strategic petroleum reserves to calm the marke...

More than 2,000 Iranian drones have been fired at Gulf states since the start of the war in the Middle East on February 28, with Tehran targ...

Stanley ReedAnd why was the Trump team so unprepared for shock waves? What to Expect From a Mammoth Disruption of Global Oil and Gas...

Japan holds stockpiled oil equivalent to about 254 days of domestic demand. The release of some of that could begin as soon as Monday.

Japan is releasing significant portions of its oil reserves to stabilize energy markets amidst escalating Middle East tensions. This strateg...

Oil prices rebounded early on Wednesday as the market fears a massive supply crunch from the ongoing blockage at the Strait of Hormuz, which...

Israel has warned of attacks as Iranian counterstrikes continue against it and US allies in the Gulf. Saudi Arabia said it has neutralised f...

Saudi Arabia's state oil company has warned of 'catastrophic consequences' for the world's oil markets if the Middle East war continues to c...

Heating oil suppliers are “blatantly profiteering” from the Middle East conflict by doubling their prices for households, an MP has told the...