The ongoing conflict in Iran has fundamentally altered the global energy landscape, J.P. Hanson, Managing Director and Global ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

Oil is once again making headlines. This week, the United Arab Emirates (UAE) made the shock decision to leave the Organisation of the Petroleum Exporting Countries (OPEC). OPEC is network of ...

The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, ...

Egypt recently made public its most significant discovery of oil and gas reserves within its desert regions in the past 15 ...

Middle Eastern oil exporters are scrambling to explore alternative routes to get their oil and gas exports out of the region. The closure of the Strait of Hormuz has triggered a huge energy supply ...

The oil supply shock from the Iran war is directly impacting what Americans pay to fill up their cars, with gasoline prices up an average of roughly 60 cents since hostilities erupted on February 28.

Saudi Aramco CEO says the global energy market has lost about 1 billion barrels of oil supply amid the Iran war's disruption ...

The answer for the past couple months has been consistent: Oil producers are operating at maximum output, there’s nowhere to ...

U.S. oil production does not shield consumers because oil is priced in a global market sensitive to geopolitical risks. Gas stations price fuel based on replacement costs, causing prices to rise ...

Phase II project in Danzhou, South China's Hainan Province, completed air-jack dome lifting operation for its No.3 storage tank on Tuesday, which marks significant progress in China's major oil and ...