Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down ...

Treasury Secretary Scott Bessent said the US may lift sanctions on further Russian oil supply after a move Thursday to give ...

Treasury Secretary ​Scott Bessent on Friday ‌said the United States could remove sanctions from more ​Russian oil, a ​day ...

Venezuela this month resumed exports of a key ​crude grade that had not been shipped since late ‌2024, diluted crude oil (DCO ...

India’s trade deal with President Trump was supposed to end its imports of oil from Russia. But then the conflict in the ...

The effective shutdown of the Strait of Hormuz after the Feb. 28 attacks on Iran by the US and Israel is disrupting the ...

Saudi Arabia, the United Arab Emirates and neighboring countries in the Persian Gulf region use the fossil fuels under their desert lands not only to make money, but also to make drinking water. The ...

Crude oil inventories in the United States increased by 8.5 million barrels during the week ending February 6, according to new data from the U.S. Energy Information Administration (EIA) released on ...

EIA forecasts that global oil inventory builds will average 3.1 million b/d in 2026, compared with an average build of 2.7 million b/d in 2025, before decreasing to average of 2.7 million b/d in 2027.

4 days OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets 5 days OPEC+ Weighs Shock Output Surge as Iran Conflict Rattles Oil Markets Julianne Geiger is a veteran editor, writer and ...