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HD Hyundai Samho said Friday it has secured a 263.2 billion won ($179 milion) order to build two oil tankers for a shipping company in Greece. The deal covers two 157,000-deadweight-ton tankers, with ...

WASHINGTON – The Supreme Court will take up an effort by local governments to go after big oil and gas companies like Exxon Mobil and Suncor for harms caused by climate change, a question that has ...

WASHINGTON — The Supreme Court agreed Monday to hear an attempt by energy companies to throw out a lawsuit filed in Colorado seeking to hold them accountable for the costs of climate change. The court ...

President Donald Trump told CBS News that he is considering taking over the Strait of Hormuz, a chokepoint through which 20% of the world's oil is exported. G7 energy ministers will hold a virtual ...

Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Gasoline prices in the U.S. continued ...

KUWAIT -- The price of Kuwaiti oil barrel went down 37 cents to reach USD 68.48 per barrel on Wednesday, compared with USD 68.85 pb on Tuesday, according to Kuwait Petroleum Corporation (KPC) on ...

Oil prices rose by more than 2% on Friday as traders remained on alert for potential supply disruptions after the United States and Iran extended nuclear talks. Brent crude futures advanced by $1.73, ...

Oil prices continued to soar on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the ...

Oil prices jumped more than 10 percent Sunday night, underscoring the political risks of President Donald Trump’s military strikes against Iran. The main U.S. crude oil market opened at $75 per barrel ...

The widening Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. Those disruptions caused oil to spike Monday, only for it to swiftly fall ...

The European Union has imposed sanctions on a new group of eight Russian individuals suspected of serious human rights violations, as EU member state Hungary vetoed additional sanctions on Moscow and ...