The Wall Street Journal said Trump would "drastically increase" sanctions to "choke off" Iran's oil income, which the U.S.

President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of ...

Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...

Iran has approved a plan to increase oil production by 250,000 barrels per day, the oil ministry's news website Shana ...

Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC's demand ...

The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...

Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but ...

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday ...

Brent futures were up 49 cents to $72.38 a barrel at 1040 GMT, while U.S. West Texas Intermediate crude futures rose 48 cents ...

“we can look forward to OPEC continuing to push back unwinding, in dribs and drabs,” said Stewart Glickman, an analyst at CFRA Research. Meanwhile, Iran escalated its rhetoric, with supreme ...

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC's reduced ...

OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.