Oil prices rose about 1% in choppy trade on Monday as U.S. President Donald Trump threatened to impose secondary tariffs on buyers of Russian oil and warned Iran of possible military action if it ...

Iran plans to dramatically boost oil production from shared fields with Iraq, particularly in the West Karoun cluster. Tehran looks to counteract the economic fallout from new U.S. sanctions and a ...

Languages: English and Farsi Iran's Revolutionary Guard has seized two foreign oil tankers in the Persian Gulf, accusing them of smuggling diesel fuel, according to state media. The latest seizure ...

Planned pipeline may meet Serbia's oil needs by 2028 Building of pipeline may begin late 2025 or early 2026 EU has cut reliance on Russian energy since Ukraine invasion Hungary invests 130 billion ...

Construction cost overruns boosted fees for shipping oil on line Regulators will hold hearing on whether higher costs are fair Potential US tariffs may still boost Trans-Mountain's appeal CALGARY ...

With U.S. waivers on Iranian energy imports revoked, Iraq is under pressure to rapidly develop its own non-associated gas ...

Oil prices are up this week after US President Donald Trump on Saturday threatened so-called secondary tariffs on Russia and Iran. On Monday, US benchmark West Texas Intermediate settled 3.1% ...

1988 - The US Navy destroys two Iranian oil platforms and sinks a frigate in retaliation for damage to a US vessel that hit an Iranian mine. US warship Vincennes mistakenly shoots down an Iranian ...

A leaking gas pipeline has sparked a huge fire on the outskirts of Malaysia’s capital Kuala Lumpur, injuring more than 100 people. The inferno, visible for kilometres around, erupted following ...

"(Trump's) threat on secondary tariffs on Russia and Iranian oil is a factor ... Talks to restart Kurdish oil exports through the Iraq-Turkey pipeline have hit a snag as a lack of clarity over ...