Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil. Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the...

NEW YORK (AP) — Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its...

Russia's ruble plunged nearly 30 percent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine. The ruble was indicated to be down 27 percent at 114.33 per dollar in offshore trading, according to Bloomberg News. The United...

In July 2020, a few months after the Covid-19 pandemic escalated and spiraled out of control, Shell CEO Ben van Beurden announced that global oil demand may have crossed its peak and will not return to what it was. "It's going to take a long time for demand to recover, that's if it recovers...