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petroleum

Oil prices jump as Trump's Iran claims raise doubts

Oil prices jump as Trump's Iran claims raise doubts

Oil prices jumped Tuesday as traders turned cautious over the prospect of a negotiated agreement between the United States and Iran to end the Middle East war. European stocks held largely steady while Wall Street's major indexes lost ground, after strong gains Monday on President Donald Trump'

ConocoPhillips chief seeks extra US protection of Mideast assets

ConocoPhillips chief seeks extra US protection of Mideast assets

US oil giant ConocoPhillips has been urging President Donald Trump's administration to provide extra protection around assets in Qatar where the company has invested significantly, its chief executive said Tuesday. CEO Ryan Lance's comments at the CERAWeek energy conference in Houston come as war rages on

State attorneys general blame feds for rising gas prices, Trump admin pushes back

(The Center Square) - It’s up to the federal government to stop hikes in gas prices, according to Democratic attorneys general who blame the Trump administration and the U.S.-Israeli conflict with Iran. Attorneys General Rob Bonta of California and Kwame Raoul of Illinois made the comments late Monday

Montana oil politics heat up as war in Iran continues

Montana oil politics heat up as war in Iran continues

Landmen poring over property records in county courthouses along the Montana-North Dakota border aren’t usually chatty about what they’re up to, but they do create a paper trail that starts at the photocopy machine of the county clerk. A Richland County commissioner tells Montana Free Press that

Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief

Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief

The global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects, International Energy Agency chief Fatih Birol said Monday. Speaking at the National Press Club in Australia's capital, Birol

Vietnam, Russia to sign energy deal: Hanoi

Vietnam, Russia to sign energy deal: Hanoi

Vietnam's prime minister left Sunday for an official visit to Russia during which the two nations will sign several agreements, including on oil and gas cooperation, Hanoi said. Prime Minister Pham Minh Chinh's trip to the major oil-producing nation from Sunday to Wednesday comes as

Sri Lanka raises fuel prices by 25 percent as war bites

Sri Lanka raises fuel prices by 25 percent as war bites

Sri Lanka raised fuel prices by 25 percent on Sunday, the second increase in two weeks, as the country prepared for more impact from the war in the Middle East. Regular petrol was increased to 398 rupees ($1.30) per litre, up from 317 rupees, while diesel, the fuel commonly