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Runaway freight is one of the most tangible market responses to a conflict that began on Feb. 28 and culminated with the vital Strait of Hormuz choke point all-but closing to tanker traffic.

Halliburton is ready to quickly restart operations in Venezuela once it obtains U.S. government approval and some sort of payment protections, CEO Jeff Miller said.

It's the first complaint filed by the U.S. to start the legal process to formally take control of one of at least 10 oil tankers intercepted by American authorities since late last year.

A shipowner’s once-in-a-generationÌýwagerÌýon oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oilÌýnext month.

South Bow, a spinoff of TC Energy, is considering an expansion of its pipeline system that may revive a version of the canceled Keystone XL project.

U.S. fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere.

The sudden switch promises a new era of fat profits for the companies.ÌýLong term, it risks sending American automakers off a cliff.

Lucid Group plans to boost electric vehicle output more slowly in 2026 following a year marked by production struggles and faltering demand for battery-powered vehicles in the U.S.

The U.S. oil giant signed preliminary agreements to negotiate terms and exchange confidential data with state-owned Basra Oil over the West Qurna 2 field, Chevron said in a statement.

The court agreed to take up a case from Boulder, Colo., amongÌýa series of lawsuitsÌýalleging the companies deceived the public about how fossil fuels contribute toÌýclimate change.