Soaring refining margins and high crude prices tied to the Iran conflict have delivered record quarterly profits for the largest oil companies while consumers p

A tanker fire in the Strait of Hormuz and stalled diplomacy have pushed crude toward the highest levels of the year, with analysts warning inventories are near

ExxonMobil and Chevron both exceeded Wall Street estimates as refineries ran at high utilization and diesel and gasoline margins surged.

Europe is drawing heavily on emergency stocks, about half of it diesel, to cap fuel prices as Middle East supply risks persist.

Benchmark Dutch TTF prices hit levels not seen since the 2022 energy crisis as winter approaches with historically low European gas inventories.

The result accelerates BP's efforts to repair its balance sheet and pay down debt after a long stretch of weak refining performance.

Commercial inventories and the Strategic Petroleum Reserve both declined, leaving the US with thin buffers against further supply shocks.

Chevron earned $5.06 per share as refineries lifted results despite processing only modestly more crude than a year earlier.

Gasoline is up 34% and heating oil 74%, making pump prices a central theme in races days before the vote.

Exxon earned $3.72 per share as Gulf Coast refineries ran at full capacity and diesel prices boosted results.

A report says the president's personal oil investments have gained sharply as the conflict lifted crude prices and Big Oil profits.

Forecasters expect supply disruptions and thin inventories to keep crude prices high well beyond the current quarter.

Energy equities are outperforming as the crude price spike boosts earnings and cash flow across the sector.

Darren Woods told CNBC the investment aims to augment global energy supplies amid tight markets.

The proposed repeal of Clean Air Act methane restrictions continues a broad deregulatory push covering oil and gas operations.

Europe's demand for additional US LNG is falling short of expectations, testing the economics of a wave of planned export projects.

The continent is reconsidering closures of refining capacity after supply disruptions exposed its dependence on imported fuels.

The coordinated release targets diesel and refined products markets where prices have risen fastest amid the Middle East crisis.