US President Donald Trump on Sunday issued warnings to Iran over the Strait of Hormuz. In an interview with Fox News, Trump said Iranian officials must not attempt to close the strategic waterway. He ...

In brief: Ukrainian drones struck an oil depot in Russia’s Krasnodar region and targeted Moscow’s Kapotnya refinery, escalating pressure on Russia’s fuel infrastructure. The attacks come as fuel ...

Jermont Terry joined the CBS 2 team in October 2019. He's born and raised on Chicago's South Side. He's happy to return home to report on his community after 18 years of uncovering stories across the ...

New England is burning oil as a power source amid record May heat, highlighting how the region’s energy mix can worsen pollution during bouts of extreme weather. The region’s power plants generated ...

An underappreciated surplus of crude oil, sloshing around storage tanks and aboard ships, cushioned the global economy when the Persian Gulf closed 2½ months ago. That excess supply is now dwindling ...

--Brent crude oil is up 2.5% at $108.33 a barrel. --European benchmark gas is up 5.3% at 50.17 euros a megawatt-hour. --Copper futures are down 3.3% at $13,530 a metric ton. --Gold futures are down ...

While the current conflict is headline news, the energy sector has a long history of volatility. Today's high oil prices aren't really unusual. If history is a guide, when the conflict ends and the ...

One-fifth of global oil trade transits the Strait of Hormuz, a strategic risk that, given current events, has shattered supply-chain complacency in world energy markets. Similarly shattered is the ...

Add Yahoo as a preferred source to see more of our stories on Google. Videos and photographs released on social media show thick smoke rising above the site of the oil refinery in Tuapse in Russia.

The Martin County Sheriff’s Office sits along Interstate 20 in West Texas, a stretch of dusty plains and sunbaked highways that could almost be the setting for a Mad Max movie. It’s sparse—oil wells ...

Forbes contributors publish independent expert analyses and insights. Nick Nuttall is a journalist and presenter for We Don’t Have Time. This voice experience is generated by AI. Learn more. This ...