Treasury Secretary Bessent signaled a US-Iran deal to reopen the Strait of Hormuz could be imminent, triggering a sharp drop in oil prices and a rally in global

Houthi rebels claimed a ballistic missile strike on a Saudi oil tanker, while an India-flagged tanker reportedly carrying Saudi oil sank off Yemen, escalating R

BP, Glencore, and other energy majors posted sharply higher second-quarter profits, with BP's profit more than doubling, as the Iran conflict drove oil prices a

President Trump criticized major oil companies including Exxon and Chevron for profiting from high gasoline prices amid the Iran war, saying they should cut pri

Saudi Aramco reported a 33% increase in second-quarter profit, benefiting from elevated oil prices due to the Iran conflict and Middle East supply disruptions.

A senior Syrian official said an old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be operational within three years, accelerated by the H

The American Petroleum Institute reported a 2.69 million barrel build in US crude inventories for the week ending July 30, defying analyst expectations for a dr

India's top oil and gas producer ONGC beat profit estimates as its first-quarter net profit more than doubled on the back of surging crude oil prices.

The Trump administration is reportedly planning to extend a Jones Act waiver to help lower gasoline prices at the pump amid the Middle East crisis.

Only five tankers passed through the Strait of Hormuz on Tuesday as traffic remains constrained despite reports of progress in US-Iran peace talks.

Goldman Sachs forecasts Brent crude will trade in an $80-$90 range until either a US-Iran deal is reached or a major escalation occurs in the conflict.

EOG Resources reported Q2 profit doubled year-over-year, driven by higher oil prices and increased production volumes.

Devon Energy reported a $1.9 billion second-quarter profit following its merger with Coterra Energy, benefiting from the elevated oil price environment.

BP is selling another green energy business as it pivots focus toward its core oil and gas operations amid strong oil prices and profits.

ADNOC put into service a Real-Time Operations Center powered by artificial intelligence to streamline management for over 120 onshore and offshore rigs.

Electricity demand across much of China hit record highs this week due to scorching summer temperatures, driving grid loads to all-time highs.

Williams announced a $5.5 billion acquisition of Momentum Midstream in what is described as one of the most significant private midstream transactions in the US

Saudi Aramco is evaluating ways to expand its oil export capacity as the Iran war disrupts flows through the Strait of Hormuz and Houthi threats affect Red Sea