A weaker USD following a cooler-than-expected US consumer price index (CPI) provided some tailwinds to the oil market. However, the key catalyst is the threat of further sanctions on Iranian oil ...

RICHMOND, Va. (WRIC) — The Virginia Department of Health has alleged that Richmond appears to have operated its Waterworks in violation of the Public Water Supplies law when the spike in ...

The UK has imposed sanctions on key figures it says are involved in the trade of Russian oil as it seeks to increase economic pressure on Moscow amid ongoing negotiations for a peace deal in Ukraine.

Hyundai is recalling 620 units of the 2025 Palisade due to a faulty electric oil pump controller that can cause moisture accumulation, electrical shorts, and potential fires. Owners should park ...

Nigerians express optimism that fuel pump prices will drop soon. Photo credit: Bloomberg/contributor Source: Getty Images Brent crude, the benchmark price for Nigerian crude oil, dropped $2.21, or ...

(UPDATE) FUEL prices went down on Tuesday as the global market reacted to the possibility of an oversupply of oil. The per-liter price of gasoline was rolled back by 55 centavos, diesel prices by 65 ...

OPEC+ hikes June output by 411,000 bpd, sparking a sharp selloff in oil and energy stocks. Brent could fall to $40 by 2026 if supply keeps rising and recession hits, Goldman says. Memorial Day ...

The move by Opec+ to again pump more oil into a falling market marked a significant change of approach, said Jorge León, a former Opec employee now at energy consultancy Rystad. “Opec+ has ...

By Stanley Reed Reporting from London Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on Saturday, eight countries ...