Oil is set for a weekly loss after the steepest one-day drop in more than four years as President Donald Trump abruptly escalated the trade war with China, stoking concerns over slowing growth.
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
The Strait of Hormuz has become a key battleground in the stand-off between the United States and Iran, with claims and counter-claims on either side of an argument ostensibly about oil.
Donald Trump has confirmed the assessment of senior advisers and publicly accused Iran of being behind recent attacks on oil tankers near the strategic Strait of Hormuz in the Persian Gulf.
Brent crude traded around $70 a barrel as a two-day rebound petered out on signs the U.S. and China are still far from reaching a trade deal, while supply risks from the Persian Gulf to Venezuela kept investors wary.
Higher crude prices should encourage North Sea oil companies to dial down the caution and bring forward more new projects, a prominent petro-economist said yesterday.
The documentary filmmaker son of Robert Redford has said Scotland is "doing what it needs to" in terms of renewable energy compared to the US market.
One of the north-east’s most powerful businessmen has warned that another Brexit referendum would be “really dangerous” for the UK.
The Trump administration outlined plans for selling drilling rights on every acre of the Arctic National Wildlife Refuge’s coastal plain, despite acknowledging potential oil spills and impacts to polar bear and caribou that roam through the region.
President Donald Trump has lashed out at Iran, with national security adviser John Bolton also warning there would be "hell to pay" if Tehran crossed the US.
More than any other recent president, Donald Trump came to office promising to revive coal and restore mining jobs.
The UK and EU partners will move to block Donald Trump's sanctions on Iran in order to preserve peace, they have announced.
Oil posted a third weekly loss, as Saudi Arabia’s reassurances that it won’t flood the global crude market failed to offset a 4.2 percent price drop at the start of the week.
U.S. tariffs on foreign steel are testing oil and gas companies' ability to navigate the Trump administration.
Scottish Greens leader Patrick Harvie has ridiculed US President Donald Trump’s 2012 claim that erecting wind farms will bring about the “almost total destruction of Scotland’s tourism industry”, ahead of a protest in George Square this evening.
Donald Trump has launched a blistering attack on Germany as he stepped up demands for Nato allies to contribute more to their collective defence.
The new £300 million wind farm off Aberdeen has reached a major milestone by generating power for the first time.
If the world’s biggest crude exporter says it’s going to ramp up production, prices usually drop. But as Saudi Arabia adds barrels before its customers get burned, prices have jumped. And Donald Trump isn’t happy.
The CEOs of the two largest U.S. oil companies said Tuesday that tariffs enacted by the Trump administration would slow growth in the U.S. oil and gas sector.
President Donald Trump has ordered a rescue of the nation’s struggling coal and nuclear power industries, but that doesn’t mean utilities are reconsidering the shutdown of unprofitable plants.
Energy Secretary Rick Perry said on Monday that the closure of coal and nuclear plants could hurt the United States' ability to recover from a cyberattack against its electric grid.
President Donald Trump's administration is thought to be planning to impose tariffs on European steel and aluminium imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions.
The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.
Oil rebounded to trade at the highest level since 2014 as investors focused on how buyers of Iranian crude will react to U.S. sanctions aimed at cutting exports from OPEC’s third-largest producer.
Oil prices sank on Tuesday as traders awaited news on whether the US would remain in the Iranian nuclear deal.