Households grappling with the escalating expense of heating oil are set to receive enhanced grants to facilitate the replacement of their oil boilers with electric heat pumps, the Government has ...

The United Arab Emirates (UAE) has announced that on May 1, it will leave both the Organization of the Petroleum Exporting Countries (OPEC) and the larger OPEC+ group. By withdrawing, the UAE will now ...

The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. The ...

Brent crude has surged more than 55% since the Iran war began, hitting nearly $120 a barrel at its peak, amid fears of disrupted oil flows through the Strait of Hormuz. March marked one of the largest ...

The market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of products made from oil – literally everywhere. Federal data shows that the ...

Exclusive: International Energy Agency’s Fatih Birol, the world’s leading energy economist, also says UK should largely forgo North Sea expansion The oil crisis triggered by the Iran war has changed ...

A JPMorgan commodities analyst who has irritated Treasury Secretary Scott Bessent over her Iran-war analysis is out with a new warning that a massive energy-price spike will be needed to fix a gaping ...

LONDON, April 16 (Reuters) - The Iran war, opens new tab has torn open a dangerous rift in global oil markets: physical crude is trading at record highs while futures benchmarks signal calm. That ...

Brent crude hits highest level since the US and Iran first agreed a ceasefire in early April US justice department drops criminal investigation against Jerome Powell Retail sales rise in Britain after ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CARSON, CALIFORNIA - MARCH 10: In an aerial view, Marathon ...

It took a few days to close thousands of Middle East oil wells early in the Iran war. The prolonged closure of the Persian Gulf means it will take months or even years for energy flows to recover.