Group of Seven finance ministers said they were ready to take any steps needed to support global energy supply, including releasing strategic oil reserves.

The current situation in energy markets — triggered by the war in Iran — would allow for the release of strategic oil reserves, according to European Union Economy Commissioner Valdis Dombrovskis.

Russia’s President Vladimir Putin urged nation’s oil and gas producers to take advantage of sky-rocketing commodities prices to reduce their debt, because the spike will be temporary.

Vietnam will remove import tariffs on fuel and make it easier for state giant PetroVietnam to buy and sell crude and oil ...

Pakistan’s central bank held its key policy rate citing economic uncertainty after oil prices surged as the Strait of Hormuz remained largely closed and the US threatened to deepen a conflict that has ...

March 9 (Reuters) - North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, ...

Oil has become the momentum trade of choice on Hyperliquid, the crypto exchange fast emerging as a round-the-clock venue for leveraged commodity bets.

President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve “very soon” ...

A record volume of so-called illicit crude is being held on tankers off China’s coast, representing a potential buffer for ...

The dollar declined as President Donald Trump told CBS the war in the Middle East could be over soon, providing a relief to the upended global energy market.

The Group of Seven nations have decided against jointly releasing hundreds of millions of barrels of crude oil reserves to stanch skyrocketing prices, which have hit over $100 a barrel in what has ...