Middle Eastern oil flows have bounced back in recent weeks, but gas and diesel prices remain elevated ahead of the midterms.

Shell CEO Wael Sawan is sending a message about oil prices and crude supply that energy investors and drivers need to hear right now.

Commercial crude oil inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended Oct. 2. Crude inventories were expected to have increased by 1.7 million barrels, according to a Wall Street Journal survey of analysts.

The fall of 2026 is a moment of energy centrality, when geopolitics unfolding far away shows up in Americans’ everyday lives. In Pennsylvania, the statewide diesel price averages US$6.50 per gallon. In Iowa,

The case of a small Malaysian shipping agency illustrates the challenges Washington faces in its effort to stanch the flow of Iranian oil.

The Trump administration Thursday announced it would exempt some Arctic oil and gas exploration activities from environmental reviews. The Interior Department issued a notice exempting wintertime oil and gas exploration in the National Petroleum Reserve in Alaska from the reviews.

European stocks recovered on Friday as oil ‌prices eased on hopes of a pause in the Middle East war, while telecom stocks slid after SpaceX's deal to acquire a ​nationwide spectrum portfolio caused ripples in the sector.

Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.

Oil futures gave back some of the previous day’s gains after President Trump said the U.S. isn’t planning to strike Iran before midterm elections on November 3.