Experts have warned that a prolonged conflict could push global energy prices even higher. Source link

The US president wants American energy firms to start extracting the crude but they are reluctant. Source link

These ships, typically oil tankers such as the one Ivan is stuck on, are more often ageing vessels of obscure ownership, unseaworthy, likely uninsured, and operationally hazardous. And they ...

On Tuesday, Trump said Cuba "will be falling pretty soon", as long-time ally Venezuela no longer sends oil or money to the country after President Nicolás Maduro was seized ...

The US has announced the seizure of two oil tankers: the Marinera formerly known as the Bella 1 in the North Atlantic and the Sophia in international waters near ...

Kayla EpsteinandOsmond ChiaGetty ImagesUS President Donald Trump has said Venezuela "will be turning over" up to 50m barrels of oil to the US, after a surprise military operation that ...

Archie Mitchell,Business reporterandNatalie Sherman,Business reporterReutersDonald Trump has vowed to tap into Venezuela's oil reserves after seizing President Nicolás Maduro and saying the US will "run" the country until a ...

PetrofacPetrofac employs around 2,000 people in Aberdeen Thousands of jobs are set to be saved after part of energy services firm Petrofac was bought out of administration. American company ...

US President Donald Trump has said he is ordering a "a total and complete" blockade of all sanctioned oil tankers going into and out of Venezuela.In a post on ...

Olga Robinson & Matt MurphyBBC Verify andYaroslava KiryukhinaBBC RussianBBCUkraine has dramatically increased the number of attacks launched against Russian oil refineries in recent months, sparking fuel shortages and price ...

Oil workers have called for Energy Secretary Ed Miliband to be sacked as a second UK oil refinery moves towards closure.The 125 job losses at the East Lindsey site ...

Conservative leader Kemi Badenoch has said her party will remove all net zero requirements on oil and gas companies drilling in the North Sea if elected.Badenoch is to formally ...