Pope Leo spoke after the weekly Angelus prayer in St. Peter's Square and said we cannot remain silent amid the suffering of ...

U.S. crude oil hit $100 per barrel Sunday, continuing its surge as the U.S.-Israeli war with Iran shows no signs of ending soon and despite attempts by the Trump administration and allied countries to ...

Traders took solace in the International Energy Agency's announcement on Wednesday about the release of 400 million barrels from emergency oil stockpiles, but this decision failed to lower oil prices ...

The flow of oil through the Strait of Hormuz ticked higher on Monday despite ongoing threats from Iran, Goldman Sachs said in a note to clients. The number of oil vessels crossing the strait was at 20 ...

President Trump is holding a press conference Monday evening, after addressing the House Republican caucus in Miami. It follows a weekend of developments in the war against Iran. Oil prices surged ...

President Trump is scheduled to conduct a news conference Monday afternoon, with the U.S.-Israeli military operation in Iran in its second week. “Many important meetings and phone calls taking place ...

Thick black smoke billowed into the sky, making day seem more like night. Toxic rain mixed with oil fell from the air, while a central boulevard was lined by a wall of flame. This was the scene in ...

With oil and gasoline prices surging in the past week because of the Iran war, it has reportedly been a tense week inside the White House. Politico reports that White House Chief of Staff Susie Wiles ...

Overnight, oil prices broke through the $80 per barrel mark, but eased on Friday. U.S. West Texas Intermediate saw its biggest single day gain since May 2020 on Thursday. In this article Asia-Pacific ...

NEW ORLEANS (WVUE) - The Louisiana Offshore Oil Port (LOOP) says approximately 12,600 gallons of crude oil were released into the Gulf following a mechanical failure at its offshore facility.

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The CIA calls it ...

A: Economists generally believe sudden changes in oil prices have a temporary effect on inflation. But it depends on how high prices go, how long they stay there, and what else is happening in the ...