Chances of a U.S.-Iran conflict escalating into something bigger are “very, very high” — though a full-blown war is unlikely, said Dr. Fereidun Fesharaki of FGE.   Read Article  +

Chances of a U.S.-Iran conflict escalating into something bigger are “very, very high” — though a full-blown war is unlikely, said Dr. Fereidun Fesharaki of FGE.   Read Article  +

A surge in India’s oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained fro...  +

Stocks in Asia Pacific were mixed on Monday, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an American surveillance drone.   Read Article  +

Stocks in Asia Pacific were mixed on Monday, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an American surveillance drone.   Read Article  +

Brent crude was up 42 cents, or 0.66 percent, at $64.87 a barrel by 0850 GMT. The global benchmark jumped 4.3 percent on Thursday and was up around five percent for the week, in its first weekly gain in five weeks.   Read Article  +

Brent crude was up 42 cents, or 0.66 percent, at $64.87 a barrel by 0850 GMT. The global benchmark jumped 4.3 percent on Thursday and was up around five percent for the week, in its first weekly gain in five weeks.   Read Article  +

Crude oil rallied this week boosted by a number of critical developments and the barrel of West Texas Intermediate gained nearly 10% to post its largest weekly percentage gain since November 2016. As of writing, the WTI was adding nearly...  +

Crude oil rallied this week boosted by a number of critical developments and the barrel of West Texas Intermediate gained nearly 10% to post its largest weekly percentage gain since November 2016. As of writing, the WTI was adding nearly...  +

Firefighters were working to bring under control a massive fire at Philadelphia Energy Solutions Inc's refinery on Friday that has resulted in damage that could keep the affected unit shut for an extended period, according to Philadelphi...  +