Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher.

By Sam Li and Lewis Jackson BEIJING, Oct 15 (Reuters) - Oil prices fell more than $1 in early trade on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.

A subsequent inquiry by the UK's competition watchdog, the Competition and Markets Authority, found that 1,700 households were forced to "re-order at significantly higher prices or go without fuel" after the war broke out, costing them up to £350.

The World’s June oil production rose by 4,386 kb/d to 78,371 kb/d due to the partial reopening of the Hormuz Straits and appears to be the beginning of a recovery in world oil production.

Oil might be a mainstay for cooking, but there's no reason why butter shouldn't be invited to the party. Here's how to combine the two fats in your cooking.

LONDON ― Oil prices rose on Wednesday after an attack on the headquarters of Saudi Arabia's state-owned oil company, while Iranian officials told Reuters they were deploying new tactics to target ships,

Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.

BRUSSELS, Oct 14 (Reuters) - The European Commission proposed a one-year delay to the EU's methane emissions rules for oil and gas imports on Wednesday, after pressure from governments including France and the United States.

A historian traces how Oil City brokers, then John D. Rockefeller, then futures exchanges decided what the world pays for crude – and why no one entity does today.