Oil refining is necessary for transforming raw, unusable crude oil into valuable goods like gasoline, diesel, jet fuel and ...

PARIS (AP) — A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of ...

Japan’s Prime Minister Sanae Takaichi on Wednesday asked the head of the International Energy Agency (IEA) to be ready for an additional release of oil stocks from reserves if it is necessary. The IEA ...

The International Energy Agency could release additional volumes of crude from storage should the need arise, the head of the agency, Fatih Birol, said today. “If it is necessary, of course, we will ...

The International Energy Agency (IEA) has received oil release commitments that exceed the 400 million barrels agreed by members to mitigate market disruption from the Middle East war. An online ...

Treasury Secretary Scott Bessent said Thursday the Trump administration is considering another oil release from the Strategic Petroleum Reserve in order to decrease gas prices. “The US could ...

Monday - Friday, 08:00 - 11:00 CET | 14:00 - 17:00 HK/SG French economy minister Roland Lescure says G7 countries need to reserve stockpiles for other potential oil market shocks. Got a confidential ...

As oil traders brace for a historic release from the US Strategic Petroleum Reserve in the form of a loan, they’re dumping prompt barrels and snapping up cheaper supplies further out when borrowers ...

Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history. Brent oil prices, the global benchmark, closed ...

Stocks slid and oil prices again topped $100 a barrel on Thursday as Iran continued its attacks on U.S allies in the Persian Gulf and ships in the region. "Iran's strategy of sowing economic chaos in ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. In an effort to stem a global oil rally that is driving up gas prices, ...