The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of ...

Cushing has seen a dramatic increase in its tankage and pipeline connectivity, solidifying its position as the world's ...

Ample crude supplies overshadow U.S. threats to curb Iranian oil exports, leading to a fourth consecutive week of falling ...

Crude oil pricespared most of their gains on easing geopolitical tension. It hit a low of $70.20 and currently trading around ...

Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving ...

The American Petroleum Institute reportedly shows a build of 9.04M barrels of oil in U.S. commercial stockpiles, much larger than expected, for the week ending February 7. Gasoline inventories ...

XOM is gearing up for its eighth project in Guyana, known as the Longtail project, which will be the first one to produce gas ...

Crude shipments from Russia’s Sakhalin Island projects aren’t being discharged after the tankers carrying them were ...

Russia's oil production may decrease due to U.S. sanctions affecting tanker access and Ukrainian drone attacks crippling ...

The transshipment terminal in eastern Newfoundland that serves as a critical storage facility for offshore oil resumed ...

With a limited supply of sanctions-proof cargoes, discounts for Russian Urals crude to dated Brent have narrowed to $2.50-$2.90 a barrel for March delivery, versus $3-$3.50 before the January ...

A huge and growing amount of Russian and Iranian oil is stuck on tankers worldwide as Western sanctions continue to impede ...