Crude inventories reach historic lows just as production reaches historic highs. US Crude-oil production increases slightly to the highest level in five months, and the tenth highest weekly average ...

Vice President JD Vance told reporters that 12.5 million barrels passed through the Strait of Hormuz overnight. President Donald Trump signed a deal Wednesday with his Iranian counterpart Masoud ...

Wittman is running for reelection in Virginia's First District in what it might be his toughest campaign yet. (Courtesy WTVR) ...

What I Cover Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and… The American Petroleum Institute (API) estimated that ...

Karoon Energy, based in Australia, lowered its 2026 production forecast on Tuesday due to a technical problem that delayed output at its Who Dat U.S. project until next summer. This sent its shares ...

Global markets soared after the tentative deal was announced, with a signing ceremony set for Friday in Switzerland. Coverage on this live blog has ended. Vance said today that the agreement reached ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The government’s emergency stockpile dropped by 8.9 million barrels in ...

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The US’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices ...

Global aviation has faced one of the biggest energy crises as the effective closure of the Strait of Hormuz has stopped volumes of the world’s jet fuel from making it to the market. WSJ’s George Downs ...

Note: Data delayed at least 15 minutes. Source: FactSet. The New York Times By Joe Rennison and Rebecca F. Elliott Oil prices dropped and stocks rose on Monday after the United States and Iran reached ...

Russia’s deputy prime minister kept walking but couldn't shake off a gaggle of reporters with questions about the country’s growing fuel crisis. Aleksandr Novak admitted oil production had fallen due ...