The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

By Ashitha Shivaprasad Jan 30 (Reuters) - Oil prices are likely to hold near the $60 a barrel mark this year, as the prospect ...

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.

It was supposed to be the year of glutted oil markets and lower prices, but the first weeks of 2026 have instead been dominated by geopolitical spikes and supply disruption, powering futures to $70 a ...

Crude oil posted the largest weekly gains since October, as the buildup of US forces near Iran raised concerns that military ...

Oil futures slipped amid signs of willingness on the part of the U.S. and Iran to hold talks. For the week, futures posted their sharpest gains since October.

Oil prices broke higher as geopolitical risk surged, with Brent topping $70 for the first time since mid-2025 on fears of U.S ...

The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes ...

A discussion of the US oil and gas industry, focusing on its history, growth, and industry segments. Save valuable time and ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting ...

Hundreds of gallons of home heating oil were mistakenly pumped into the basement of a house on Linwood Street in Medford, Massachusetts on Monday. "The oil delivery driver pulled up to the wrong ...