Following America's bombing of nuclear sites in the Middle East, petroleum analysts stated they anticipate an increase in oil and gasoline prices.

Well-supplied markets and weakening demand for crude concern American drillers.

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

Economic fallout from the weekend strike by U.S. forces on Iranian nuclear facilities has been muted so far, but the opening ...

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

KARACHI – Pakistan’s furnace oil (FO) exports soared 63% year-on-year, reaching 1.37 million tons during the first 11 months ...

Occidental Petroleum (OXY) closed the most recent trading day at $43.95, moving -3.68% from the previous trading session. This move lagged the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an ...

Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) ("Permex" or the "Company") at the request of the Canadian Investment Regulatory Organization ...

Falling private investment, tax hikes, and regulatory reforms under President Petro are threatening Colombia’s economically crucial oil and gas industry, leading to declining production and reserves.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Hours after Iran’s parliament passed a motion in support of the closure of the Strait of Hormuz on Sunday (22 June), India's ...