Oil prices are calming after spiking over the last several days as the conflict between Israel and Iran has escalated, raising fears of war in the Middle East.

Declining crude oil prices are pressuring profitability in the oil and gas industry, leading to potential cuts in upstream investments and a reassessment of capital allocation strategies.

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 ...

WASHINGTON (Reuters) -The U.S. Treasury Department on Tuesday imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, days after negotiators from ...

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 ...

US oil prices are down over 22% since hitting a peak in January. Oil markets have suffered amid trade war and recession uncertainty. OPEC+ is discussing plans to boost oil output in June.

Vatican Releases 1st Images Of Pope Francis In His Open Casket, Sets Funeral Date Here's the Average Social Security Benefit at Ages 62, 67, and 70 Samuel Alito Comment During Obamacare Supreme ...

The U.S. State and Treasury departments imposed a fresh round of what they called "maximum pressure" sanctions on Iran’s "shadowy" oil trade on Monday.

The aim is to bring the two oil giants together so they can compete with international rivals such as France's TotalEnergies and US giants ExxonMobil and Chevron.

Iran's Oil Minister has dismissed the effectiveness of the renewed US "maximum pressure" campaign, stating that efforts to drive Iranian oil exports to zero are doomed to fail.

U.S. President Donald Trump on Tuesday restored his "maximum pressure" campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear ...

U.S. and European sanctions are already unprecedented, but there is plenty the new administration can still do to squeeze Russia’s earnings.