Treasury says it just wiped out most of what's left of Tehran's oil smuggling fleet. The pump is telling a different story.

Oil futures ended the session slightly higher with the market showing relief after President Trump said the U.S. won’t strike Iran before the U.S. midterm elections.

Offshore Energies UK wants the windfall tax scrapped early and Rosebank approved, but campaigners say the swap could cost Britain £8.6 billion.

Oil slipped on Monday as rising crude flow from the Mideast and a release of oil from G7 add to supplies despite concerns about damage to Gulf oil facilities.

Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.

The Trump administration Thursday announced it would exempt some Arctic oil and gas exploration activities from environmental reviews. The Interior Department issued a notice exempting wintertime oil and gas exploration in the National Petroleum Reserve in Alaska from the reviews.

Oil prices experienced a significant drop, with West Texas Intermediate crude momentarily falling below $60 per barrel. President Trump's recent tariff announcements have sparked fears of a global recession and reduced trade activity, negatively impacting ...

After weeks of volatility, forecasters see signs the bond rout might be over, including easing oil prices and oversold conditions. Pimco billionaire Bill Gross told BI why he's a big fan of pipeline stocks, and walked through a terrible wager he made in 1969.

A tight global diesel market is driving up heating oil prices, with households in the Northeast facing the biggest impact.