The emergence of the new Omicron variant has ended, at least for the moment, the surge in oil prices that has unfolded over the course of much of this year.
The U.S. government announced that it would release oil from the strategic petroleum reserve in coordination with a handful of other countries in an effort to tame oil prices.
After months of oil prices steadily climbing amid a tightening market, the worldwide rally may soon take a breather.
After the energy crunch caused natural gas, coal and metals prices to spike, analysts believe oil will be next.
Oil prices have sunk as concerns grow about the Delta variant.
The turmoil at the OPEC+ meeting injects uncertainty into the market—and may presage the challenges ahead.
Oil-producing countries face severe financial and political risk as the world transitions away from oil.
As oil prices jump to 13-month highs, OPEC+ has opportunity to unwind its deep production cuts.
Lebanon's electric sector reform remains on hold as it explores using Iraqi high sulfur fuel oil in its aging power plants.
In a sign of the times, ExxonMobil has been replaced on the Dow Jones Industrial Average by tech company Salesforce.