Houthi attacks on Saudi Arabia and Iran-related hostilities have driven a weekly oil rally that lifts fuel costs and pressures governments ahead of midterm elec

Rising crude prices combined with renewed anxiety over AI capital spending to push major indexes lower, with the Dow dropping more than 600 points.

The Cold War-era authority is being used to lift gasoline and diesel production as pump prices climb ahead of the midterms.

The SPR drawdown, the reserve's lowest level since 1982, underscores how depleted global inventories have become amid the supply shock.

European natural gas prices have surged to their highest since 2022 as the continent heads into heating season with unusually thin storage.

Escalating attacks and military posturing around the Strait of Hormuz threaten global crude flows and have driven the latest price spike.

The move extends Washington's direct involvement in Venezuelan crude production, with a private US partner already raising output.

The agency said release timing is up to individual members as it weighs another coordinated drawdown to cool prices.

Crude freight rates have surged above $20 per barrel from $3 a year ago, reflecting tight physical markets and long-haul rerouting.

The decision reflects mounting pressure on European governments to secure domestic supply amid record gas costs.

The talks signal growing Asian demand for US LNG as buyers look beyond Gulf supply routes.

Berlin said it will seek to stem the loss of domestic refining capacity amid supply security concerns.

A six-month waiver allowing Russian diesel onto global markets and backchannel financing highlight the geopolitical bargaining over fuel prices.

High gasoline and diesel prices are driving strong refining returns for US fuel makers.

The Italian major raised its payout on the back of strong cash flow and higher production and prices.

The result supports Chevron's eastern Mediterranean gas exploration program.

The impairment reflects the accounting fallout from Chevron's Hess acquisition and its midstream holdings.

The find at the Godavari-1 appraisal well opens a previously unexplored formation for the state explorer.