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 ...

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 ...

BP's second-quarter results are expected to be impacted by lower prices received for gas and oil, while its upstream output ...

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...