According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the ...

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

Geopolitical tension in the Middle East could boost Brent oil and United States Brent Oil Fund, LP ETF. Click for my updated ...

Ras Tanura, the largest port in the world’s top crude oil exporter, Saudi Arabia, has the capacity to ship 6.5 million bpd of crude, which is equivalent to 7% of the volume of global demand for oil.

The U.S. produces several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. But which state produces the most?

India's energy sector anticipates a potential game-changer as exploration in the Andaman Sea hints at an oil field mirroring ...

Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry. A barrel of oil now sells for less than most companies’ break-even point.

U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased ...

Gas prices are easing ahead of the Fourth of July holiday, AAA Oregon/Idaho reported Tuesday. Oregon and most other states ...

The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most important oil chokepoint. The strait is between Oman and Iran. About ...

The BSEE also said that 23.55% of the region’s oil production and 25.56% of the area’s natural-gas production has been shut in. The U.S. Energy Information Administration has a detailed map of ...

Crude oil was trading around $63 on Tuesday, compared to $61 a week ago and $74 a year ago. In 2024, West Texas Intermediate ranged between $66 and $87 per barrel. In 2023, WTI ranged between $63 ...