Crude oil futures surged by up to 5% after President Biden expressed support for Israel striking Iran's oil facilities, with ...

OPEC has spare oil capacity to offset Iranian supply loss, but conflict escalation could impact global oil prices.

CME Group, the world's leading derivatives marketplace, today announced that combined trading in its Tuesday and Thursday Crude Oil Weekly options has surpassed 100,000 total contracts traded since ...

Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...

This expansion will be driven by the projected growth in domestic oil consumption as India's existing refining capacity is ...

Despite stimulus efforts, China's shift towards less energy-intensive sectors and a preference for lower oil prices limit any ...

The Department of Energy says the ongoing strikes at U.S. ports will not impact the imports and experts of crude oil or ...

Oil prices have surged almost 10 per cent this week and threaten to unwind the decline in local petrol prices to two-year ...

Much of the spare oil is in the Middle East Gulf region and vulnerable should the conflict escalate. Read more at ...

The U.S. Department of Treasury has imposed sanctions on over a dozen entities and vessels for their role in transporting ...