Trying to manipulate the oil futures market may seem like a quick fix for high fuel prices, but it’ll warp price signals.

But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time ​in three weeks, energy ...

For more than a century, Iran has occupied a powerful place in the western imagination, characterized as a volatile region that sits atop vast oil reserves.

Oil markets will continue to react to geopolitical developments, but the fundamentals remain the same: supply, demand, and the world’s need for dependable energy.

Offshore oil rigs are among the most complex structures ever built, designed to operate in some of the harshest conditions on Earth. This video explores how engineers design, transport, and assemble ...

In 1988, Piper Alpha became the scene of the worst offshore oil disaster in history when a chain of explosions turned the giant North Sea platform into a collapsing firestorm. Helicopter footage ...

With attacks and threats, Tehran is using the world’s most important transit point for oil and gas as leverage against its enemies.

This is read by an automated voice. Please report any issues or inconsistencies here. Oil prices surge above $90 a barrel as the war in the Mideast continues. U.S. gasoline prices jump 43 cents per ...

NEW YORK (AP) — The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle ...

Kuwait, one of the world's largest oil producers, has reduced crude oil production and refining as the ongoing conflict in the Middle East causes ripple effects across the region, including a ...