Analysts believe that a major supply disruption, such as the closure of the Strait of Hormuz, remains unlikely.

An about 20% rise in the global price of a barrel of oil is predicted if Israel launches missile attacks against Iranian oil ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

OPEC+ has enough spare oil production capacity to offset any supply shocks from Iran if tensions escalate further.

Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis ...

Increasing geopolitical tensions and concerns about production levels have been fueling volatility in the energy markets ...

Federal Trade Commission actions appear to support Democratic concerns about oil price manipulation. It's something the ...

An already spooked energy market received further jitters on Friday after U.S. President Joe Biden suggested Israel targeting ...

Extra Iranian barrels have been able to enter the market — helping to moderate world crude prices — with the tacit approval ...

The Texas automotive industry is rising thanks to electric vehicle factories, and computer sciences are transforming San ...

Oil markets are on edge this week as traders try to anticipate impacts on oil supplies from a potential major retaliation on ...

U.S. dockworkers agreed to return to work after port operators sweetened their contract offer, ending a three-day strike that threatened to disrupt the American economy. The breakthrough Thursday came ...