Actions follow Trump's decision to reinstate 'maximum pressure' campaign against Iran over claims it is trying to develop nuclear weapons The US Treasury announced financial sanctions on Thursday, the ...

Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...

Oil edged higher in early Asian trade after falling overnight, but may continue to be weighed by rising U.S. stockpiles and trade uncertainty.

Crude oil futures fell as traders worried that large increases in U.S. crude and gasoline stockpiles and a potential ...

Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, ...

In the same executive order, President Trump also instituted a 10% tariff on Chinese goods. In response, China has imposed a 15% tariff on U.S. coal and liquefied natural gas (LNG), a slew of new ...

The Energy Information Administration released a report on Wednesday showing U.S. crude oil inventories shot up by much more than ...

Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...

U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended ...

Within minutes of the United States hiking tariffs on all Chinese imports by 10 per cent, Beijing announced a slew of retaliatory measures in a bid to gain leverage in any future trade negotiations ...

Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the ...

American Petroleum Institute reportedly shows a build of 2.86M barrels of oil in U.S. commercial stockpiles for the week ending January 24.