The Department of Justice is reportedly working with the Commodity Futures Trading Commission on the invesitgation. Trading activity ramped up anywhere from a few hours before an announcement to as little as 15 minutes beforehand,

The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that supply has simply not been produced. The gap is not closing. And one of the most senior executives in global energy just said so on the record.

Substituting the petrochemicals that underpin everyday life is challenging, but there are ways to produce what we need without fossil fuels

By Pete Schroeder WASHINGTON, May 8 (Reuters) - The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to a semi-annual Federal Reserve report released on Friday.

The war in Iran has pushed global oil prices higher, which boosts oil company revenues. But major U.S. oil companies aren't signaling plans to increase production to bring down prices at the pump.

Oil prices fell Tuesday after posting sharp gains at the start of the week as fresh attacks in the Gulf raised doubts about the durability of a ceasefire between the United States and Iran.

The U.S. has exported over 280 million oil barrels over nine weeks, drawing down strategic reserves. Yet oil and gas prices remained elevated.

By Florence Tan and Jonathan Saul SINGAPORE/LONDON, May 7 (Reuters) - With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several tankers loaded with crude through the Strait of Hormuz in a bid to move oil bottled up in the Gulf by the Middle East conflict,

If oil is in such short supply, why can’t we simply drill more of it? The answer for the past couple months has been consistent: Oil producers are operating at maximum output, there’s nowhere to put the crude they’re extracting,

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Oil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran.

Experts say Trump's blockade is squeezing Iran so hard the regime may be dumping excess crude into the Persian Gulf as storage capacity runs out.