Oil prices have surged above $90 amid disruptions in the Strait of Hormuz. Here’s a reality-based look at how high crude ...

The modern oil industry began in 1859 with the drilling of the first oil well in Pennsylvania, leading to a boom that transformed the global economy. Oil's dominance was solidified by the rise of the ...

If oil prices remain above $100, many countries could face a macroeconomic shock. Energy and transport costs will rise, pushing inflation higher.

In the Stanley Museum’s newest exhibit, “The Black Gold Tapestry,” a story unfolds on an almost 220-foot-long, hand-embroidered, linen tapestry. Created by Canadian artist Sandra Sawatzky, the ...

Crude oil prices surged past USUS$100 per barrel for the first time in nearly four years, briefly approaching US$120 amid market turmoil ・The Strait of Hormuz has been effectively shut down due to ...