Even with oil prices climbing, people in West Texas say it doesn’t feel like the start of another boom, at least not yet. By J. David Goodman Photographs by Desiree Rios Reporting from the Texas oil ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. LOS ANGELES, CALIFORNIA - MARCH 03: High gas prices are displayed ...

Oil prices vary widely based on the type of oil, location, and timeframe. Right now, most crude oil benchmarks are higher than average, but not at record highs. However, some oil prices that are ...

Israel attacked Iran's largest gas processing facility located in Bushehr Province, according to reports in the Times of Israel and Jerusalem Post. Iran threatened to strike oil facilities in Saudi ...

Motorists are paying sharply higher fuel prices since the outbreak of the Iran war, despite the U.S. being the world's largest oil producer. Why? After all, as of 2023 (the latest data available), the ...

China's energy supply forms a "relatively good" foundation for responding to external market volatility, said Fu Linghui, spokesperson at the National Bureau of Statistics. The bureau also announced ...

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 ...

Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara, The ...

The Strait of Hormuz disruption has shattered the long-held belief in a global oil glut, revealing that the market was actually running with very thin spare capacity and fragile supply chains. Even a ...

Prime Minister Narendra Modi on Thursday hit out at those trying to create panic on the LPG situation in India, and said they ...

On Wednesday, the International Energy Agency (IEA) announced member nations would release a total of 400 million barrels from their strategic reserves of oil, as the war in Iran continues to cause ...

The Iran war sent oil up — then down — in volatile trade, rattling markets and stoking inflation fears. Gulf producers have cut output amid shipping constraints, raising recession concerns. Analysts ...