Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Saudi Energy Minister Abdulaziz bin Salman Al Saud delivers a ...

Contrary to popular belief, oil prices aren’t determined by any one country, company, or cartel. Instead, they’re the product of a global tug-of-war among producers, traders, and policymakers. It’s a ...

It's a truism of new-car sales: Gas prices go up, buyers focus more on gas mileage. Gas prices go down again, people forget all about fuel efficiency. Well, here's a gentle reminder about why you may ...

Ferdowsi, Persian poet and writer In the midst of the insistent Ukraine war and the ominous Iran-Israel conflict, volatility ...

TEHRAN, Iran (AP) — Iran on Saturday confirmed seizure of a Marshall Islands-flagged oil tanker as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal ...

ABU DHABI (Reuters) - The United Arab Emirates' energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases ...

Iranian forces seized an oil tanker sailing in the Gulf of Oman, diverting the vessel toward the country’s territorial waters on Friday after it passed the Strait of Hormuz, a US defense official said ...

NEW YORK - APRIL 15: Traders call out during activity in the crude oil options area on the floor of the New York Mercantile Exchange April 15, 2008 in New York City. Oil prices set a new record high ...

Oil prices climbed 2% on Monday in the wake of the defeat of the Assad regime. The price of oil climbed about 2% in early trading on Monday in the wake of the sudden collapse of the Assad regime in ...

OPEC+ raised output to defend market share, signaling a deliberate shift away from price stabilization. U.S. shale’s record production and rapid adaptability have weakened OPEC’s traditional pricing ...