Treasury Secretary Scott Bessent told CNBC on Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. "That rumor's in ...

Secretary of Energy Chris Wright told NBC News that the Trump administration aims to bring gas prices back under $3 by summer. Photo: Daniel Heuer/Bloomberg News American oil executives delivered a ...

How high will the Iran war drive up the prices of oil, gasoline and diesel? There is great concern that the price shock could dash hopes for economic recovery in Germany. "The most important news ...

A large explosion at a Valero oil refinery in Port Arthur, near the Texas Gulf coast, shot plumes of smoke into the air and forced some nearby residents to shelter in place on Monday. Port Arthur ...

Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history. Brent oil prices, the global benchmark, closed ...

IEA’s oil release is largest in its history; UK government considering support schemes for households and businesses hit by surge in energy prices How Iran has used the strait of Hormuz to throttle ...

Four of six crew members were killed in the crash Thursday of a U.S. KC-135 refueling aircraft in western Iraq, U.S. Central Command said Friday, adding that rescue efforts were ongoing for the other ...

Light, heavy, sweet and sour: how crude grades shape demand and global oil trade Dubai: Crude oil is often discussed as a single commodity. In reality, the oil traded in global markets exists in ...

The conflict in the Middle East just gets better and better for Vladimir Putin. It's brought a spike in oil prices, a chance to play peacemaker, and now the easing of US sanctions on Russian oil. This ...

Energy Secretary Chris Wright said Wednesday that the United States will release 172 million barrels from the Strategic Petroleum Reserve as part of the International Energy Agency's efforts to combat ...

March 13 (Reuters) - Goldman Sachs expects Brent oil to average over $100 a barrel ‌in March, and $85 in April, it said on Friday, as energy prices remain volatile due to the Iran war and damage to ...

Iran has stepped up attacks on Saudi Arabia in recent days, signaling it’s targeting the oil-rich kingdom more aggressively than earlier in the war. Tehran launched almost 100 drones at Saudi Arabia ...