US Treasury sanctions Iranian oil smuggling networks, including vessels and companies linked to Salim Ahmed Said, intensifying efforts to disrupt Iran’s oil exports and terrorism financing.

(Bloomberg) -- Oil drifted higher after the biggest two-day decline since 2022 as President Donald Trump downplayed the prospects of near-term sanctions relief for Iran and a government report ...

EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports.

[NEW YORK] Oil prices settled slightly lower on Thursday as traders booked profits from a 4 per cent rally in the prior session, driven by concerns that worsening tensions in the Middle East could ...

Oil prices settled slightly lower on Thursday as traders booked profits from a 4% rally in the prior session, driven by concerns that worsening tensions in the Middle East could cause supply ...

Congress responded with wave after wave of sanctions, culminating in measures that devastated Iran’s oil revenues. European countries also stepped up and imposed an oil embargo. The combined pressure ...

Key gauges of US oil market strength are soaring as wildfires in Canada risk flows to critical American storage hubs, limiting the impact of OPEC+ supply increases.

OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.

Crude oil prices extended their losses following reports that OPEC+ is considering a further production increase in July, ahead of US-Iran nuclear talks later today. Oil markets remain caught ...

The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in ...

A recent safety recall for some 6.2L V8 L87 engines includes a different engine oil viscosity. However, should you use the new oil with non-recalled engines?

US Aims to Boost Offshore Oil Drilling by Easing Pressure Rules By Timothy Gardner WASHINGTON (Reuters) - The U.S. Interior Department said on Thursday it has implemented new guidelines for ...