Tehran responded to the U.S.-Israeli attacks that began on February 28 by effectively shutting the Strait of Hormuz to ...

The U.S. Treasury's Office of Foreign Assets Control (OFAC) on Friday sanctioned a major Chinese oil refinery and dozens of ships tied to Iran's "shadow fleet," escalating efforts to choke off ...

Conventional wisdom suggests that as a net exporter of petroleum products, the U.S. is relatively immune to Iran-war related oil-price spikes, while China is extremely vulnerable to supply chokehold.

Oil is entering a cycle in which sustained supply shortages will drive prices higher, HFI Research says. The firm is eyeing plummeting crude inventories around the world. It will take months for oil ...

Scientists have discovered that methane in the open ocean is produced by microbes under nutrient-poor conditions, solving a long-standing mystery. As warming oceans reduce nutrient mixing, these ...

From the ultra-deep waters of Brazil’s Santos Basin to the arid shale fields of Argentina’s Patagonia, a new hydrocarbon boom is welling up across Latin America. About 44% of global crude supply ...

But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal. How much the international benchmark costs Notes: Data shows future contract ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

West Texas Intermediate crude oil has proven to be valued just as much, and sometimes even more so, than Brent crude this past month. That says a lot about the accessibility and rising importance of ...

MACNY, The Manufacturers Association, announced Antoinett Dufort, Vice President of Manufacturing and Deployment at Hidden Level, as the 2026 Innovator of the Year. This prestigious honor recognizes ...

Oil futures were at over $100 per barrel in the wake of President Trump’s announcement that the U.S. military would start blockading ships looking to enter the Strait of Hormuz. On Sunday, Trump ...