The government’s borrowing costs have risen to their joint highest level since the 2008 financial crisis, after a sharp jump in the oil price prompted a sell-of

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in the week ending April 24. In th

Bitcoin price downside returned to send BTC to one-week lows thanks to renewed concerns over global oil supplies focused on the Strait of Hormuz blockade.

U.S. crude oil surpassed $100 per barrel for the first time since April 10 after Iran talks stumbled and the United Arab Emirates said it would leave OPEC.

The United Arab Emirates said it would leave the Organization of the Petroleum Exporting Countries after being a part of the group that coordinates oil output a

Move underlines long-running frustrations with group over production quotas

Liquefied natural gas transit has been effectively halted. A ship managed by Abu Dhabi’s state oil company managed to cross, said Kpler, a maritime data firm.

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through

The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.

The energy giant said it had seen an "exceptional" performance at its oil trading business.

It will have little effect on the current oil blockades, but it could change everything afterwards.

The UAE's decision, after nearly 60 years of membership, is seen as a potential death knell for the oil cartel.

Oil prices rose as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.

The UAE wants to ramp up production without constraints from OPEC, which could prove bearish for prices at some point.

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.

US equity indexes traded lower ahead of Tuesday's close as a decline in semiconductor shares crushed

Sinking AI stocks and another climb in oil prices helped to halt Wall Street's record-setting rally. The S&P 500 fell 0.5% Tuesday from its latest all-time high

US equity indexes declined on Tuesday as a slide in semiconductors hit technology, while worsening M