The U.S. has released over 50 million barrels from its Strategic Petroleum Reserve since the start of the war in Iran.

At 433.7 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the EIA report ...

European and Asian refiners are paying record high prices ‌of near $150/bbl for some physical crude oil grades, far exceeding prices in the futures markets, highlighting the tightening supply from the ...

U.S. crude oil futures skyrocketed past $110/bbl Thursday after President ‌Trump rattled markets with his promise to escalate attacks on Iran over the next 2-3 weeks, sparking fears of prolonged ...

With 15 million barrels per day of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market—a process that could require prices to reach $150/bbl, according to new ...

The world is facing a growing oil supply shortfall.

Saudi Aramco Chief Executive Amin Nasser added that the market has already lost about 1 billion barrels of oil supply during the crisis.

U.S. crude oil inventories fell more than expected last week while product stocks continued to see substantial builds, according to data released Wednesday by the U.S. Energy Information ...

The International Energy Agency said Wednesday that member countries had unanimously agreed to release 400 million barrels of oil from their reserves in a bid to ease prices that are soaring due to ...

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