China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...

Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about US President Donald Trump's renewed ...

Oil prices finished with daily gains on Friday (Feb 7) after new sanctions were imposed on Iran’s crude exports, but prices were down for the week as investors worried about US President Donald ...

A hefty rise in weekly U.S. crude supplies contributed to oil's losses this week. The Energy Information Administration reported Wednesday that commercial crude inventories climbed for a second week ...

The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...

The Budget Lab at Yale University estimates Trump’s tariffs would cost the average American household $1,000 to $1,200 in ...

Here is a look at what happened in oil markets in the week of Feb. 3-7 and what the focus will be in the days to come.

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

The first round of sanctions by US President Donald Trump against several ships carrying Iranian oil falls short of the “maximum pressure” policy that his administration promised, Bloomberg reports, ...

Stamatis Tsantanis says demand for crude is declining and Iranian supplies can easily be made up for from elsewhere ...

Chinese independent refiners have significantly reduced their crude processing rates due to soaring costs for Russian crude ...