America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on its economy.
The U.S. Department of Energy (DOE) is offering 11 million barrels of crude for sale from the nation's Strategic Petroleum Reserve (SPR) ahead of sanctions on...
The first U.S. sanctions have been reimposed on Iran with little sign of either side softening its position. Curbs on oil exports will follow in early...
The relationship between two major oil benchmarks is charting an unexpected course as U.S. sanctions take Iranian crude out of the market.
Iranian President Hassan Rouhani said Tuesday his country will continue exporting crude oil despite U.S. efforts to stop it through sanctions.
Crude rose after Saudi production cuts heightened concerns about tightening worldwide supplies.Futures in New York advanced as much as 1.6 percent Monday.
The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas.
The U.S. Treasury has imposed sanctions on a Lebanon-based businessman and two Lebanon-based companies.