President Donald Trump is dissatisfied with Iran's proposal to open the Strait of Hormuz, according to The New York Times. The strait remains effectively closed to tanker traffic, cutting off most ...

Oil prices fell Tuesday after posting sharp gains at the start of the week as fresh attacks in the Gulf raised doubts about the durability of a ceasefire between the United States and Iran. Brent ...

NEW YORK, March 11 (Reuters) - Oil prices settled up nearly 5% on Wednesday as fresh attacks on ships in the Strait of Hormuz worsened supply disruption fears, and analysts ‌said the International ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting ...

Physical crude premiums have collapsed from more than $30 above Brent to near parity as refiners delay purchases, draw down inventories, cut refinery runs, and rely on strategic reserve releases ...

Oil futures are financial contracts that allow participants to buy or sell a specific quantity of oil at a predetermined price on a future date. These contracts serve as an agreement between the buyer ...

July WTI crude oil (CLN26) today is down -3.17 (-3.38%), and July RBOB gasoline (RBN26) is down -0.0498 (-1.58%). Crude oil ...

NEW YORK, March 25 (Reuters) - Oil prices slid about 2% on Wednesday after paring deeper losses earlier in the trading session, as Iran reviewed a U.S. proposal to end the war that has disrupted ...

The U.S. is a net exporter of "crude oil and petroleum products," but in the narrower measure of crude oil by itself — which is the most important factor in determining gasoline prices — the U.S. is a ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CARSON, CALIFORNIA - MARCH 10: In an aerial view, Marathon ...

The latest Middle East tensions shed light on how the world's three largest oil consumers have taken different approaches to energy. China has gradually increased the share of renewables in its total ...

Bharat Petroleum boosts Russian crude oil purchases to 41%, up from 31%, to address supply gaps amid market changes.