OPEC and its allies are reportedly set to keep their oil production policy unchanged for October at their upcoming meeting. The decision comes as the group prepares to review member production capacities to establish new output quotas for 2027.
A fuel tanker explosion following a traffic accident on a highway in western Iran has killed 10 people and injured six others, according to Iranian state media. The incident was reportedly caused by a braking system failure.
U.S. forces struck three Iranian oil tankers near a key export terminal in retaliation for a ballistic missile attack on American naval ships, according to U.S. Central Command, escalating a conflict that has roiled global energy markets.
Ten days after a deadly mudslide on the Tibet-Nepal border, families of 261 missing foreign nationals are criticizing the Chinese government for a lack of communication and transparency in the search and recovery efforts.
Americans face record-high gasoline prices for the Labor Day holiday, with the national average projected to exceed $4 per gallon due to elevated crude oil costs and tight fuel supplies.
The U.S. Department of Defense has secured a major stake in a Venezuelan oil operation run by Alejandro Betancourt, a businessman who was until recently a target of U.S. money-laundering investigations. The deal follows Betancourt's alleged cooperation in the ouster of former leader Nicolas Maduro.
Analysts at Jefferies have developed a new pricing model for gold, identifying three extreme scenarios related to fiscal deficits and central bank buying that could push the metal's price past $5,000 per ounce.
The illegal trafficking of uninspected livestock, particularly horses, across the U.S.-Mexico border is creating a significant biosecurity risk, undermining federal efforts to contain a re-emerging screwworm parasite that could cost the U.S. livestock industry billions.
Gasoline refining margins in Northwest Europe fell to $60.20 a barrel but stayed near historic peaks from the 2022 energy crisis, reflecting tight regional supply despite a sharp rise in inventories.
