Traffic through the strait, normally the conduit for a fifth of global oil output, has been severely curtailed since the start of the Iran conflict. But Iran itself is shipping oil through the ...

Two downstream petroleum sector think tanks are convinced that fuel prices at the pump could rise to abnormal levels beyond the next pricing window on Monday, but want the government to consider remov ...

The Strait of Hormuz, a critical energy route, is effectively blocked due to the escalating US-Israeli war on Iran, halting tankers traffic and forcing oil producers to cut the oil output. Damaged ...

The price of gasoline generally tracks the cost of oil, but there are additional costs that go into making gasoline, ...

Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli war on Iran has disrupted oil and gas shipping and halted some output.

Aging fields and volatile markets make drilling a tough sell, even with a path cleared for permitting.

The U.S. will release millions of gallons from its reserve, which is stored in underground salt caverns.

The UAE's aviation authority says the temporary closure is an "exceptional precautionary measure", while the defence ministry ...

Trump is warning that Mojtaba Khamenei "won't last long". He is in Israel's sights too, with Defence Minister Israel Katz ...

Explosions are reported on two more foreign tankers in the Persian Gulf killing at least one person, port authorities say.

Electricity bills vary dramatically across America, with some states paying triple what others did. North Dakota had the lowest rates, while Hawaii faced the highest costs. Diesel prices continue to ...