Oil News

Oil prices fell sharply on Friday after Iranian Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now "fully open" during the ceasefire period between Israel and Lebanon, ...

When a geopolitical shock hits energy markets, a recurring pattern emerges: diesel prices surge rapidly, while gasoline lags behind.   According to data from the U.S. Energy Information ...

Oil prices declined on Friday as investor hopes grew that the conflict in the Middle East may be nearing an end, fueled by prospects of further talks between the United States and Iran over the ...

Asia finds itself trapped between an energy market it cannot afford to see rise and supply chains that may take weeks to return to normal operation—even in the best-case ...

Oil prices rose on Thursday, reversing earlier declines as markets grew skeptical of the ability of peace talks between the United States and Iran to reach an agreement ending the war that has ...

Oil prices rose by more than 1% amid continued restrictions on shipping traffic through the Strait of Hormuz, which overshadowed expectations for the resumption of talks between the United States and ...

Oil prices declined on Tuesday as signs appeared of the possibility of resuming talks to end the war between the United States, Israel, and Iran, which eased concerns of supply shortages resulting ...

Oil prices rose on Monday after the U.S. Navy imposed a blockade on Iranian ports, following the failure of peace talks between Washington and Tehran over the weekend.   U.S. crude futures for ...

Oil prices rose again above the level of $100 per barrel on Monday, as the U.S. Navy prepares to impose a blockade on ship movements to and from Iran through the Strait of Hormuz, in a step that may ...

A common idea persists within the energy sector that American refineries are "unable" to process the light, low-sulfur crude oil resulting from the shale oil boom. This claim often surfaces whenever ...