The Trump White House confirms efforts to restore the nation's emergency oil reserve following its depletion during the previous Biden administration.

From silencing squeaky metalworks to killing weeds, cooking oil does more than impart delicious flavors to food. But as with everything, there are caveats.

India has dramatically expanded its imports of discounted Russian crude despite escalating U.S. pressure, deepening an energy partnership with Moscow that both countries say is resilient to external sanctions.

The International Energy Agency trimmed its forecast of next year's global oil supply glut for the first time since May on Thursday, flagging higher demand prospects due to a stronger world economy and lower supply from nations under sanctions.

The United States is escalating its pressure campaign on Venezuela’s leader, Nicolás Maduro, after seizing an oil tanker off the coast.

Despite a government mandate and parliamentary push, foreign oil suppliers are hesitant to accept Indian rupees (INR) for crude oil settlements due to the massive trade imbalance where India's imports significantly exceed its exports.

Oil prices are having a down year. Brent, the global benchmark price, has fallen 15% to around $63 a barrel. That slump has weighed on the cash flows and stock prices of most oil companies.

The lawsuit filed Wednesday in Los Angeles Superior Court charges four oil companies with failing to properly clean up at least 227 idle or exhausted wells in the oil field near Baldwin Hills.