The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yie

Crypto majors rebound ahead of FOMC, despite oil surging, while Polymarket is making a push to enter the U.S.

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.

The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.

People can apply for a £150 grant if they are running out of heating oil, a council says.

The United Arab Emirates (UAE) is quitting oil cartel Opec after nearly 60 years of membership.

The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

Oil futures rallied further Wednesday, with the key contract nearing its highs reached in the early days of the Iran war with little progress made on getting oi

The alert said China purchases approximately 90% of Iran's oil exports, with teapot refineries accounting for the majority of these imports.

The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.

Oil prices continued to rise on Wednesday after U.S. President Donald Trump appeared to threaten Iran in a TruthSocial post.

The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.

U.S. stocks are braced for perhaps the most active two-day stretch in years starting Wednesday, with a key Federal Reserve interest-rate decision and a Senate v

On May 1, the United Arab Emirates will end its a 59-year membership in the oil consortium, allowing it to raise output during one of the most volatile energy m

President Donald Trump posted on Truth Social Tuesday that Iran had "informed" his administration it was in a "state of collapse" and urgently wanted the Strait

Brent surges above $110 as fears grow that the U.S.-Iran war could drag into a prolonged conflict, while the UAE’s shock OPEC exit raises questions over a broad

The European Union would prefer Southeast Asian countries to diversify their oil supply by buying oil from producers other than Russia, the EU’s foreign policy

Trump's blockade is having a predictable effect on Iran's economy and oil industry, with reports that the regime is scrambling to repurpose old and rusty tanker

China’s top refiner posted a strong first quarter as higher crude prices lifted inventory values and stable domestic fuel sales helped to offset pressure from d

Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would halt Kazakh oil deliveries through the Dru