What is the Strait of Hormuz, and why is it so significant? Iran controls the northern side of this waterway critical for oil exports and the global economy ...

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% ...

PORTLAND, Ore (KOIN) – We’re turning our Eye on Northwest Spirits today, and toasting some of our fantastic distillers in our area. On behalf of our sponsors at Escapar Tequila & Co… ...

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the ...

USGS reports 29.4 billion barrels of untapped oil under U.S. federal lands. Alaska is leading with around 14.46 billion barrels of untapped potential. Oil production growth is slowing due to ...

BP’s plans to produce up to 1 billion barrels of oil from the largest oilfield in the UK Continental Shelf will hinge on new fiscal and licensing regimes due later this year, the supermajor's ...

A vehicle crash involving a van hauling barrels of blue crabs temporarily closed Interstate 64 early Thursday morning after the crustaceans were scattered all over the roadway.

The American Petroleum Institute reportedly shows a draw of 370K barrels of oil in U.S. commercial stockpiles for the week ending June 6.

US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico.

May viewer photo titled "Today was the last day of school for the preschoolers at the YMCA. And Kalamazoo firemen brought the trucks to visit kids and they was totally excited," in Kalamazoo, MI.