'We hope that Lebanon will become an oil state,' says Beirut's energy minister, as country looks to potential fruit of border agreement with Israel to get it out of its deep crisis

In surprise move, OPEC+ decides to cut supply from Riyadh by million barrels per day in hopes of sending gas prices soaring again after 10 percent drop since April

President calls on companies to produce more fuel and lower prices, announces new release from US reserves as midterm elections approach

Stormy US-Saudi relations further strained over Riyadh's recent support for oil production cuts, with Biden warning of unspecified 'consequences'

Two firms set to begin exploring for fossil fuels in southern Israel, but residents fear seismic surveys could scar landscape and worse could be in offing should drilling progress

Leading suppliers to drop global crude output by 10% to boost cratering demand as Saudi-Russia feud, coronavirus batter markets

Some experts counter that effect of Mideast geopolitical crisis on oil prices may be smaller than it once was as US energy industry, for instance, can ramp up shale oil production

Some 5 million Saudis, or one-quarter of the country's citizens, drop $13b to buy the 1.5% of the kingdom's crown jewel put up for sale on Wednesday

Naval effort aims to protect shipping in the troubled Strait of Hormuz after a string of attacks blamed on Iran

Russian leader says US has not produced proof of Tehran's link to September strikes that rattled global energy markets