Global oil supply remains stable, but refined fuel shortages are rising, says Goldman Sachs.

The oil market is delivering a harsh reminder to investors: geopolitical risk may outrun fundamentals. Brent oil temporarily spiked to about $126 a barrel before tumbling as markets responded to rising U.

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,

Oil prices rose sharply and stocks fell after fighting in the Iran war flared for the first time in weeks.

Oil prices remain close to $100 per barrel despite the U.S.-Iran ceasefire, which revived hopes that the worst oil and gas supply shock ever could begin to ease soon and bring energy prices down. While immediate escalation has been taken out of the war ...

Oil prices slumped on Wednesday on hopes that a two-week ceasefire in Iran could pave the way to a resumption of oil production and flows in the Middle East. Experts warn that production cuts across the region will take time to undo, restricting supply ...

Oil briefly surpassed $126 a barrel Thursday, its highest price in four years, as traders worried about a prolonged closure of the Strait of Hormuz, following US President Donald Trump’s decision to extend a blockade of Iranian ports.