As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the ...

Petrochemicals derived from oil and fossil fuels underlie the production of many consumer goods − and many you wouldn’t know from looking at the final product.

U.S. crude oil inventories increased sharply last week as production recovered from winter storm disruptions and imports rose, according to data released Wednesday by the U.S. Energy Information ...

U.S. crude oil inventories posted their biggest weekly increase in three years as imports rose, exports fell and refineries cut their capacity use, according to data released Wednesday by the U.S.

Crude oil prices are on track for a second weekly decline as concerns over a U.S.-Iran escalation subside and geopolitical risk premium decreases. The International Energy Agency revised its 2026 oil ...

Cuba is facing a severe fuel shortage due to US actions Island has warned that jet fuel is no longer available Russia last supplied Cuba with oil in February 2025 Kremlin says it's discussing ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - JANUARY 14: The Nave Photon crude oil tanker is ...

Crude oil futures extended gains Wednesday, as concerns over developments between the U.S. and Iran outweighed a weekly report showing a large increase in U.S. crude inventories. President Trump also ...

BELGRADE, Feb 13 (Reuters) - Serbia's Russian-owned NIS (NIIS.BEL), opens new tab oil company has sought another sanctions waiver from the United States to allow crude imports, while it awaits the ...

Oil prices fell on Thursday as investors weighed the International Energy Agency's lowering of its global oil demand forecast for 2026 against potential escalation of U.S.-Iran tensions. Brent crude ...

Oil prices rose more than 1% on Wednesday, buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested stronger demand.

Traditional buyers of Russian and Iranian crudes now seeking more Western or Saudi Arabian crudes, says Vitol chief executive Russell Hardy Rising Western pressure on buyers of Russian crude oil ...