U.S. crude oil production surged to an all-time high of 13.24 million barrels per day (bpd) in April, according to newly released data from the Energy Information Administration ...

The escalating conflict between Iran and Israel raises serious concerns over potential disruptions to Middle Eastern oil supply, as both nations target each other's energy infrastructure.

A report from the US Energy Information Administration on Wednesday revealed that crude and oil inventories fell by 5.9 million barrels last week. Along with this, the high demand foreseen in the ...

Crude oil futures finished down 1.7% to $71.77 a barrel, with oil under pressure as the latest source of turmoil in the Middle East may meet a quick conclusion.

At 415.1 million bbl, US crude oil inventories are about 11.1% below the 5-year average for this time of year, the EIA report indicated.

Crude oil is traded world-wide in US Dollars. To maintain purchasing power, the price of crude rises as the dollar falls. The second reason is a draw down in oil inventory in Cushing, Ok.

Crude prices have jumped by around 12% in the past week, amid heightened fears that the conflict between Israel and Iran may disrupt trade flows and impact oil supply.

Homayoun Falakshahi, head of crude oil at energy analytics firm Kpler, said their systems also showed no drop in the number of oil tankers transiting the strait.

Palm oil jumped above the 4,000 ringgit mark to track gains in soyoil, which surged on Washington’s proposal to allow refiners to blend a record amount of biofuels into gasoline and diesel next ...

THE expression ‘fractional distillation’ inevit-ably recalls the name of Young to the older generation, but his book was written before the days when the art was of industrial significance and ...

Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.

Compared to excise taxes and carbon taxes, setback restrictions on new oil wells have larger health benefits and worker compensation losses, but are more equitable by bringing greater benefits and ...