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 recent oil price spike ended as routinely as it arrived after hostilities ceased in the Middle East. So, where next for oil prices as a potential supply glut looms?

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.

Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew ...

Global oil prices eased sharply in overnight trading, erasing big early gains as the continuing exchange of missiles between Israel and Iran largely mostly has avoided energy installations.

The Jask Oil Terminal, just east of the Strait of Hormuz, has loaded less than 300,000 barrels per day of crude and was operational for only a month last autumn, according to data from Kpler.

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.

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.

93 oil and gas companies made the 2025 Forbes Global 2000, but over half lost ground due to falling oil prices and weak refining margins, with BP dropping 374 spots.