Amid soaring supply and subdued demand, the expected global oil oversupply will be larger than previously anticipated, the International Energy Agency (IEA) said on Tuesday. In its monthly report, the ...

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow. By Rebecca F. Elliott The price of oil has dropped to some of its lowest levels of ...

More than 90% of global freight is transported by over 33,000 merchant marine vessels powered by two stroke crosshead engines ...

The new US sanctions are no slap on the wrist - they're a punch to the gut of Moscow's war economy. Oil giants Rosneft and Lukoil are the twin engines pumping money through Russia's military veins.

The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures curve now trading below $60 per barrel—beneath breakeven levels for most new shale wells.

SINGAPORE, Oct 23 (Reuters) - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil ...

NEW YORK, Oct 22 (Reuters) - Oil prices extended gains after settlement on Wednesday after the U.S. imposed Ukraine-related sanctions on Russia, targeting oil companies. Brent crude futures were up $3 ...

President Donald Trump told reporters at the White House that Indian Prime Minister Narendra Modi had assured him earlier Wednesday that he would halt Russian oil imports. “He’s a friend of mine, we ...

After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts. By Alan Rappeport Reporting from Washington President Trump ratcheted America’s ...

As some people indicated in a previous Piston Slap, I am seeing a lack of headlight usage more and more on our highways. What’s particularly worrisome is when people don’t have headlights on during ...