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(read more) The commodity of crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development.

Supply-chain snags. Overwhelming demand. Insufficient crude oil production. Refinery backlogs. A handful of factors have been blamed for soaring gas prices, which have headlined the suffocating ...

Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the ...

U.S. crude oil inventories fell last week as refiners kept ramping up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said. Crude ...

President Donald Trump is set to meet with top oil executives at the White House next week as he charts plans to stoke domestic energy production, even as the industry grows uneasy about falling ...

Major oil exploration companies had a mixed fourth-quarter earnings season. Significant players like ConocoPhillips (COP), EOG Resources (EOG), Diamondback Energy ... seen in the chart above ...

US President Donald Trump will host top oil executives at the White House today as he charts plans to boost domestic energy ...

President Donald Trump is set to meet with top oil executives at the White House next week as he charts plans to stoke domestic energy production, even as the industry grows uneasy about falling crude ...