Scott Pelley’s firing is the latest in a string of controversies and staffing shake-ups that have plagued CBS’s news division.

Computer-based trend-following hedge funds have successfully capitalized on huge price moves in energy markets.

At the start of 2026, oil traders were preparing for a glut. Supply growth was expected to outpace demand growth. OPEC+ was gradually returning barrels to the m

The European Union and the Eurozone are feeling the energy shock as the Iran war enters its fourth month. The spike in oil and gas prices amid the Middle East c

Oil prices were under pressure in early Asian trade on Thursday following the announcement of a ceasefire agreement between Israel and Lebanon. The agreement co

Iraq’s Prime Minister Ali Falih Al-Zaidi has directed oil companies operating in the semi-autonomous region of Kurdistan to resume operations beginning on Thurs

India’s Nayara Energy, which processes Russian oil, has completed a planned turnaround of its 400,000-barrels-per-day refinery at Vadinar, the Indian refiner sa

Weak demand from Iran’s top crude buyer, China, has dragged Iranian flagship oil prices into discounts to ICE Brent for the first time in two months, trade sour

Commodity trader’s net profit more than doubles to $4.1bn for October to March period

Russia’s Novak says oil market estimates need drastic revision

President Donald Trump told aides that he won't resume the war unless U.S. troops are killed, according to The Wall Street Journal.

US stocks were expected to head in different directions on Thursday morning, as oil prices retreat but tech earnings overnight disappointed investors. Dow Jones

Oil traders have spent months obsessing over tanker movements, shipping insurance costs and the fate of crude cargoes attempting to navigate the Strait of Hormu

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29. In the

The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little ove

In a somewhat puzzling market development, oil prices haven't spiked yet to record highs amid the worst supply disruption in history. That's because the market

Oil prices rose in early Asian trade on Wednesday after yet another escalation in the Middle East, with Iran firing missiles at Kuwait and Bahrain, and the U.S.

Tightening crude oil supply will lead to consumer behavior changes in the second half of the year as the imbalance with demand pushes inflation higher, the chie

Japan will spend an additional $19.4 billion to cushion the inflation blow to Japanese households resulting from the oil and gas export flow disruption in the M

Analysts have slashed their estimates of India’s oil demand growth this year, with the consumption uptick to be the weakest since the Covid pandemic as the supp