Days before he ordered, and then paused, new tariffs on U.S. imports from Canada and Mexico, President Donald Trump argued that the U.S. does not need imported products such as crude oil and lumber ...

The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to ...

Demand from China and the rest of the world ensures its impact on diplomacy and markets, but there's no question its supremacy is waning China and the rest of the world remain thirsty for oil. That ...

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the US government’s Energy Information Administration from the sources used to monitor its ...

New US tariffs on imports from Canada and Mexico threaten to further weaken US refiners already facing declining margins.

Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...

Indian refiners are struggling to secure Russian oil supplies following the latest U.S. sanctions aimed at Russian producers, insurers and tankers to reduce Moscow's oil revenue. Supply of Russian oil ...

Oil prices settle lower as U.S. crude supplies fall but product stocks rise Weekly gasoline stockpiles climb by more than 6 million barrels, EIA says Last Updated: Jan. 8, 2025 at 3:22 p.m. ET ...

Venezuela took control of the Orinoco oil installations on May first completing the process of “re-nationalization” of the nation's oil reserves. President Hugo Chávez led celebrations of the ...

While the company sees some shortage of Russian oil supplies in the short term owing to US sanctions, it is hopeful that Russian supplies will revive. (Reuters) State-owned Bharat Petroleum ...

The global crude oil market is facing a period of sustained higher prices due to tightening supplies caused by sanctions on Russian oil exports, logistical challenges, and strategic policy ...

The IEA and EIA have consistently underestimated the balance between oil demand and supply. Oil prices dipped following Trump's energy emergency declaration, but Aramco predicts strong demand ...