Oil Rises Further as Hormuz Talks Show Little Progress

Oil prices extended the previous session's gains as talks to reopen the crucial Strait of Hormuz waterway hit an impasse.

Why the Real Oil Squeeze Is Happening in Refineries

The Iran war, Ukrainian attacks on Russia and China's fuel export restrictions have taken millions of barrels of refined products off global markets and left customers scrambling to locate alternative supplies.

U.A.E.'s Adnoc Gas to Invest More Than $8 Billion in Expansion Push