Over 1.2 billion barrels of crude and condensate are currently in transit on tankers, reaching multi-year highs due to increased global supply and longer shipping routes. The surge in oil supply is ...

Oil prices have fallen 20% since Trump took office, but California drivers see little relief at the pump due to soaring refinery profit margins. Global refining capacity is squeezed by Ukrainian ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Pumpjacks are seen in oilfields along Highway 33, known as the ...

The Trump administration is exploring a workaround to America’s Strategic Petroleum Reserve problem: swapping heavy ...

In 2025, crude oil fell over 20 percent to post its deepest annual loss since 2020 on surplus concerns. A punishing supply is expected to weigh on prices this year as well. However, fuel prices at ...