Aging fields and volatile markets make drilling a tough sell, even with a path cleared for permitting.

The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.

Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.

The Persian Gulf island, targeted by U.S. strikes, is home to Iran’s main oil export terminal. Any disruption could jolt global energy markets.

Kharg Island lies about 15 miles off the coast of Iran in the Persian Gulf and is critical to the nation’s economy. Iran’s ...

The Iranian oil hub has become a pivotal battleground in the war—and its fate could determine the direction of the conflict.

The islands off Iran have become the latest focus of the war after a U.S strike destroyed military sites Friday on Kharg ...

U.S. President Donald Trump said the U.S. ‘obliterated’ military targets on Iran’s Kharg Island, and warned oil infrastructure there could be next.