The United States has imposed sanctions on Iran's Oil Minister, Mohsen Paknejad, and several Hong Kong-flagged vessels involved in shadowing Iranian oil shipments. This move is part of a strategy to ...

US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the sludgy oil and raising costs for the largest American refining center.

Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains and Texas, including the oil-rich Permian Basin. A large low ...

Global indications suggest that OPEC is no longer able to effectively manage its six million barrels of surplus oil stocks. Over the past several months, the organization has delayed its decision to ...