Think of motor oil as the lifeblood of your car’s engine. Checking it on a regular basis is a key part of keeping your engine running well and getting the most miles out of it. The oil lubricates the ...

A draft proposal would allow for drilling off the California and Florida coasts, including two of the largest areas used for ...

There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck that's essentially cut off ...

The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

President Donald Trump said nations that are struggling to get jet fuel due to Iran’s chokehold of the Strait of Hormuz should go to the vital waterway and “take” the oil. “All of those countries that ...

Oil industry executives painted a grim picture of the Iran war supply disruption at S&P Global's annual CERAWeek energy conference in Houston. They warned that the disruption is bigger than the ...

Global crude oil prices have been volatile this month, swinging as much as $35 in a single day. They're also high — around $110 per barrel right now. But they didn't rise as much or as quickly as some ...

Ships carrying Iranian oil are using secret codes to bypass Tehran’s blockade in the Strait of Hormuz, according to a stunning report. This has allowed dozens of vessels — all tied to countries that ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

Iran’s de-facto blockade of the Strait of Hormuz, which carries about one-third of global oil shipments, could significantly disrupt supply and push prices sharply higher. Analysts say oil could rise ...

India, the world’s third largest consumer of crude oil, which is heavily reliant on imports to meet its oil requirements — imports account for nearly 87 percent of its consumption — now finds itself ...