Russian Deputy Prime Minister Alexander Novak has discussed the situation on the global oil market with OPEC Secretary ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there’s a ...

Nigeria’s anti-corruption agency has arrested former oil officials over a $7.2 billion fraud linked to refinery ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

The Organization of the Petroleum Exporting Countries (OPEC) said on Monday it would keep its forecasts for global oil demand ...

Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...

Prices edge higher after two days of steep declines with analysts suggesting geopolitical concerns have diminished but not ...

Bullish outlook builds as U.S. stockpiles fall and Israel-Iran conflict threatens OPEC supply through the Strait of Hormuz.

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, ...

Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest ...