Reliance Industries is likely to shift back to its traditional Middle Eastern sources for oil if India yields to pressure ...

And what was gonna be the impact of the oil market? The answer was triple-digit oil: There was a debate about, it was a 100, a 150, 200, 250. And that has not happened.

JIM BURKHARD: The U.S. is the biggest oil producer in the world by far. The impact on the oil market is profound. DOMONOSKE: The U.S. makes a lot of oil and could make even more.

Due to Trump’s pro-energy policies, the U.S. is well braced to endure disruptions in the market, including wars in the oil-rich Middle East, according to energy sector experts.

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.

The Organization of the Petroleum Exporting Countries' most recent monthly oil market report found production by the broader OPEC+ group rose in May by 180,000 barrels per day to 41.23 million bpd ...

But in the U.S., where companies produce oil, not the government, the scale of production isn't dictated by politicians, but by the market. And that market, again, is oversupplied.

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.

Middle East oil power is losing geopolitical influence. Global energy diversification and reduced Western dependence—especially by the U.S. and EU—have made markets more resilient to Middle ...

According to AAA, gas prices went up approximately 20 cents per gallon early last week before dipping again over the weekend. At $2.95 per gallon, prices were the lowest they’d been since May 10 ...