The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...

Saudi Arabia raises crude oil prices to a four-month high as demand from China surges and domestic energy consumption peaks.

The issue is about adjusting the current ceiling of $60 per barrel and introducing a flexible revision mechanism based on ...

HOUSTON (Reuters) -The start-up of an offshore well caused zinc contamination in Mars crude, Chevron said on Friday, leading ...

Brent crude futures settled up $1.72, or 2.5 per cent, at $70.36 a barrel. US West Texas Intermediate crude gained $1.88, or ...

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Energy Secretary Chris Wright authorized the exchange "to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast," the department said. It added that ...

The Nunavut government says it's working on a clean-up plan after reports of an oil spill near Arctic Bay. Photos posted to ...

Oil prices are set to end the week higher after Trump delayed his tariffs and the Houthis sunk ships in the Red Sea.

US sanctions could be announced early next week as Trump signals an increasing frustration with Putin’s refusal to end his ...

BEIJING/SINGORE -Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, ...