The Trump administration on Thursday targeted Iranian oil with a new slate of sanctions – a move that increases pressure on the ... weapon if they flip the switch and press go." ...

After more than a week of oil shooting vertically out of an unused well off the coast of Louisiana, the U.S. Coast Guard announced Sunday evening that the offshore well blowout — first reported ...

US oil prices are down over 22% since hitting a peak in January. Oil markets have suffered amid trade war and recession uncertainty. OPEC+ is discussing plans to boost oil output in June.

The decision comes as the fuel distributor faces increasing pressure from its largest shareholder, Simpson Oil, to implement major changes to its business and governance. Espey has been at the ...

The outlook for oil producing Gulf economies has dimmed, with crude plunging below $65 a barrel on the back of the trade tensions and a decision by OPEC+ to boost supply. Meanwhile, the ...

WASHINGTON – President Donald Trump on Monday said the U.S. will impose a 25% tariff on imports from any country that purchases oil or gasoline from Venezuela, targeting the South American ...

This was the fourth round of sanctions on Iran's oil sales since Trump said last month he would exert maximum pressure to grind Iranian exports to a halt. Donald Trump has demanded that Tehran ...

The chief financial officer of under pressure oilfield services firm Wood Group has resigned after admitting to providing an incorrect description of his qualifications. It marks a fresh blow to ...

The aim is to bring the two oil giants together so they can compete ... BP's chief executive Murray Auchincloss is now under huge pressure ahead of a crunch shareholder meeting on February 26.

Crude oil prices face bearish pressure as U.S.-China trade war escalates, fueling fears of weaker global oil demand. Surging U.S. crude inventories surpass expectations, signaling softening demand ...

President Donald Trump’s recent decision to reinstate a goal from his first presidency to bring Iran’s oil exports to zero ... restore “maximum economic pressure on the government of the ...