Tensions in the Middle East following U.S.-Israeli strikes in Iran have disrupted global oil and gas supplies and pushed up prices. This has raised questions about the amount of oil reserves the ...

Donald Trump has said Reliance Industries will back a $300 billion refinery in Texas, the first new US refinery planned in 50 ...

The International Energy Agency has agreed to release a record 400m barrels of crude oil in response to the disruption caused ...

Iran took credit for attacks on ships in the Strait of Hormuz as U.S. gas prices reached a national average of $3.59 a gallon ...

President Trump says he'll end the war soon, when he wants to, as Iran hits three ships near the Strait of Hormuz and warns U.S.-linked banks will be next.

House Republicans are urging President Trump to block profits from a major Russian oil company as Iran turmoil pushes gas prices higher across the U.S.

President Donald Trump sought to reassure Americans during a trip to Kentucky and Ohio on Wednesday that rising gasoline ...

In a significant reshuffle, Venezuela's acting President Delcy Rodriguez announced on Wednesday the appointment of Paula Henao as the country's new oil minister. This strategic move arrives as ...

Inflation remained stubbornly elevated last month as gas prices rose, but it’s a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring. US medical equipment ...

PARIS (AP) — A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of ...

400 million barrels of oil will be released, but don't expect immediate relief at the pump ...

WASHINGTON, March 11 (Reuters) - The U.S. will release 172 million barrels of oil from its strategic ‌petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S ...