Oil

U.S. crude trades lower by more than 1%, around $29 per barrel , as the market braced for a jump in Iranian exports.

Oil prices plummeted to $29 a barrel Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower.

Warren Buffett is expanding his bet on the oil industry, slowly adding to his already large stake in oil refiner Phillips 66.

U.S. crude prices rose more than 1%, but remained near 12-year lows on the prospect of Iran unleashing its oil on an oversupplied market.

Global oil prices gave up strong gains on Wednesday after a weekly stockpile data from the Energy Information Administration.

Add solar energy investors to the list of those smarting from crude oil's latest price dive.

U.S. crude prices rose 2% as positive Chinese trade data and an unexpected draw in weekly U.S. crude oil inventories gave investors reasons to buy crude futures.

During an interview on the FOX Business Network’s Varney & Co., former Shell (NYSE:RDSA) Oil President John Hofmeister spoke about factors impacting the outlook for oil prices.

British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.

U.S. crude oil fell more than 1%, with analysts scrambling to cut their price forecasts and traders betting on further declines.

Oil Boom: Rail shipments of crude oil and petroleum products continue to climb, as pipelines play catch-up to soaring domestic production.

Lifting the ban on oil exports would serve as a credit boost for much of the industry, according to a new report from Standard & Poor’s.

Despite warnings from Schlumberger, analysts don't expect Western sanctions against Russia to have a wider impact on the energy industry.

With crude gushing from the Permian Basin, companies are ramping up efforts to build pipelines and better capitalize on the production surge.