The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.1 million barrels in the week ending May 1. In the week prior, US crude oil inventories fell ...

The US Treasury may soon issue a sanctions-release notice, potentially enabling US companies to invest in Venezuela's oil sector, but political and legal reforms would be needed to ensure security and ...

State oil company fast-tracks previously undisclosed project, which is expected to double export capacity Business live – latest updates The United Arab Emirates has announced it will complete a new ...

Trump said China has agreed to buy oil from the U.S. as the two nations push for tangible wins at the two-day summit. Trump said that the Chinese president would like to see the Strait of Hormuz open ...

Tehran says it can endure the pain, but its oil may soon have nowhere to go. By Farnaz Fassihi Iran struck a defiant tone on Wednesday as President Trump pressed for a deal to end the war, but also ...

A fuel-laden oil tanker overturned in Assam's Sivasagar district on Wednesday evening, May 20, after the driver allegedly lost control while attempting to avoid an oncoming bus. No 2nd autopsy for ...

UAE fast-tracks West-East Pipeline as Iran claims expanded Hormuz control New pipeline expected to be operational by 2027 Strait of Hormuz's effective closure has boosted energy prices May 15 (Reuters ...

LONDON, May 13 (Reuters) - Global oil supply will fall short of ‌total demand this year as the Iran war wreaks havoc on Middle East oil production and drains inventories at an unprecedented pace, the ...

China and the U.S. have played a big role in easing the impact of the oil supply disruption, according to the International Energy Agency and Wall Street analysts. The U.S. has boosted exports while ...

With gas more than $6 in state, delivery of about 2m barrels is last planned shipment to pass through strait of Hormuz The average price of a gallon of gas in California already stands at more than $6 ...

The price of oil plunged and stocks surged Wednesday after a report said the U.S. believed it was nearing a deal to end the war with Iran and eventually reopen the Strait of Hormuz. Subscribe to read ...