A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries ...

MIDLAND, Texas — Gov. Greg Abbott signed several bills into law on Thursday that aim to crack down on the theft of petroleum products and oil and gas equipment. Texas is the top state for oil ...

Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August.

Iran has ramped up crude oil exports and filled its Kharg Island storage to avoid missile strikes amid escalating tensions ...

Well-supplied markets and weakening demand for crude concern American drillers.

Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 4.3 million barrels to 436.1 million barrels in the week ended May 30, and were about 7% below the five-year average ...

Declining crude oil prices are pressuring profitability in the oil and gas industry, leading to potential cuts in upstream investments and a reassessment of capital allocation strategies.

In decades past, turmoil in the Middle East would send crude oil prices soaring, pushing up the cost of gasoline for drivers ...

India imports 90% of its energy, with half from West Asia, making it particularly vulnerable to price fluctuations and supply disruptions.

The EIA said oil output would decline by 50k b/d YoY in 2026 to 13.37m b/d. Meanwhile, the European Commission is proposing a ban on refined product imports made from Russian crude oil.

Crude oil prices affect the paint business and tyre industries are they are raw material-intensive industries, ... The manufacture of paint requires more than 300 items, most being petroleum-based.

Oil tanks The American Petroleum Institute (API) said in a report that US crude oil inventories declined significantly during the week ended June 13. The US oil stockpiles fell by 10.13 million ...