Iran may have to start curbing oil production in as soon as two weeks if the U.S. blockade of the Strait of Hormuz continues: Société Générale Iran reportedly proposed reopening the Strait of Hormuz ...

Exxon and Chevron plan to maintain their capital spending and production plans. ConocoPhillips is increasing its budget range to reflect a modest increase in drilling activity in the Permian Basin.

Oil prices rebounded Thursday morning, with Brent crude (BZ=F) trading back above $100 after the White House said it was awaiting a response from Iran to move forward with potential second-round peace ...

Crude oil has dropped below $100 a barrel again, as President Trump claims 'it's very possible' the US and Iran will agree a peace deal. Brent crude oil was down around three per cent today at $98 a ...

Oil prices jumped above $100 after Iran’s IRGC seized vessels in the Strait of Hormuz, escalating tensions despite an extended ceasefire. Markets are being driven by geopolitical headlines, with tight ...

WTI oil extends its persistent bounce in the absence of any diplomatic advancements, breaking the $100 barrier. The energy commodity market is seeing its rules change completely, with the UAE quitting ...

NEW YORK, May 6 (Reuters) - Oil prices fell sharply to two-week lows on Wednesday as optimism grew about a possible end to the war in the Middle East, with reports the United ‌States and Iran were ...

Colombia’s oil and gas production has fallen to multi-year lows due to regulatory changes, declining investment, and aging fields. A sharp rise in oil prices above $100 per barrel could restore ...

Oil prices stayed above $100 a barrel for the second straight day as the Hormuz deadlock weighed on sentiment despite an extension to the truce. Traffic through Hormuz is at a near standstill after ...

The price of Brent crude oil, the international benchmark, fell back below $100 a barrel late yesterday after planned peace talks were delayed and President Donald Trump said the U.S. would extend the ...

President Donald Trump is dissatisfied with Iran's proposal to open the Strait of Hormuz, according to The New York Times. The strait remains effectively closed to tanker traffic, cutting off most ...

Notes: Data shows future contract prices for Brent crude oil. Gaps indicate nontrading hours. Data is delayed at least 15 minutes. Source: FactSet. The New York Times By Gregory Schmidt Emmett Lindner ...