Iran's new supreme leader Mojtaba Khamenei said the Strait of Hormuz must remain closed to pressure the U.S. Attacks on tankers and cargo vessels in the Persian Gulf continued overnight. Energy ...

Panic in the oil market has calmed down for now, with prices for crude pulling back from the week’s highs near $120 a barrel over the past two trading sessions. The world’s wealthiest nations, known ...

The new JCB 250T compact track loader features a side-entry door and a single-arm boom for increased safety and visibility. Details at Equipment World ...

New York — Oil prices settled up about 9% on Thursday, at their highest in nearly four years, as Iran stepped up attacks on oil and transport facilities across the Middle East, and the country's ...

BP's $21 million bid leads auction Chevron bids nearly $11.5 million for three blocks March 11 (Reuters) - A sale of drilling ‌rights in the Gulf of Mexico on Wednesday ended with $46.98 million in ...

The Indian rupee touched a record low of 92.33 on Monday, March 9, as a sharp rise in global oil prices, fueled by the escalating Middle East conflict, heightened worries about India's external ...

South Korea will release 22.46 million bbl of its oil reserves to alleviate a global energy crunch triggered by the ongoing conflict in the Middle East, said the Ministry of Trade, Industry, and ...

Oil futures are financial contracts that allow participants to buy or sell a specific quantity of oil at a predetermined price on a future date. These contracts serve as an agreement between the buyer ...