Another tanker was also in distress after sustaining damage, Russian officials said. At least one person was killed.

Two Russian tankers believed to be carrying thousands of tons of oil were damaged off the coast of Crimea in the early hours ...

Officials say roughly 70,000 gallons of oil from a pipeline spilled into the ground in Wisconsin. The problem was discovered ...

U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on "dark fleet" ...

Oil prices rose on Friday, heading for their first weekly rise since the end of November, as additional sanctions on Russia ...

The IEA forecasts a major oil supply glut in 2025, and even if OPEC+ continues to limit production, it won't be enough to ...

China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to ...

Oil futures settled higher on Friday as China’s recent economic stimulus measures helped brighten crude’s demand outlook and ...

Oil prices ended a bit lower on Thursday, putting an end to a three-session streak of gains, after the International Energy ...

Oil prices are set for a new boom period from the middle of the next decade on continued demand growth in China and elsewhere ...

OPEC+ says it’s delaying plans to increase production by three months as an abundance of supply and soft global demand take a ...

IEA predicts oil surplus in 2025, but futures market remains bullish. Q4 2024 shows potential deficit. Read an analysis of ...