Crude oil's sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market ...

Iran’s parliament has approved potential closure of Strait of Hormuz in response to US strikes on Iranian nuclear sites, but ...

Energy demands in crude oil processing Separating crude oil into products such as gasoline, diesel and heating oil currently relies on distillation, which consumes substantial amounts of energy. This ...

Oil prices climbed nearly 3% on Monday on supply concerns as producer group OPEC+ decided not to accelerate plans to hike output and wildfires in Canada's oil-producing province disrupted production.

American leader touts 'great honor to make this happen' as Beijing backs Tehran's commitment to safeguarding 'its sovereignty ...

On Long Island, the drop in oil prices means significantly lower gas prices than a year ago, according to AAA. The price per gallon on Long Island was $3.03 on average on Tuesday.

Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last ...

Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries. By Rebecca F. Elliott Reporting on energy U.S ...

Treasury Secretary Scott Bessent said that “gasoline prices have collapsed under President Trump." Gas pump prices have stayed roughly the same. Crude oil prices declined 17.5%.

Closing the Strait of Hormuz is one of the ways Iran could retaliate after the U.S. bombed three of the country’s nuclear ...

The Indian stock markets closed lower on Tuesday after a weak trading session, as escalating geopolitical tensions and ...