Is the U.S. headed for an oil war with OPEC? A quiet but escalating battle is unfolding as OPEC floods the market to undercut U.S. shale producers, threatening jobs, oil prices, and the broader ...

The oil purchasing market keeps a special eye on the Strait of Hormuz as around a fifth of the world's total oil consumption ...

Oil prices are surging after Israel’s attacks against Iran, with Brent crude futures jumping as high as $78.50 a barrel—their ...

OPEC Secretary-General Haitham Al Ghais on Friday said that the escalation between Israel and Iran does not justify any immediate changes to oil supply, as current conditions remain stable. (Reporting ...

Analysts said OPEC might not see any urgency to shift policy, as the surge in prices was driven by a rising risk premium ...

Crude oil prices surged Friday, with Brent nearing $78/barrel, driven by escalating West Asia tensions and fears of supply ...

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...

Israel launched strikes on Iran overnight targeting nuclear facilities and military leaders, causing damage in Tehran but no ...

The Iran shock presents two risks to the price of oil, which rose 8 per cent to $74 a barrel on Friday morning, a sizeable ...

The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following ...

Israel's strikes on Iran could take oil prices above $80. This has implications for the global economy, markets and policy ...

Global markets are in turmoil on Friday after Israel unleashed a major wave of strikes on Iran’s nuclear program overnight ...