International Energy Agency

Europe to release 42 million barrels of oil, France says

Europe will put 42 million barrels of oil reserves on the market over the next three months to bring down fuel prices, and half of that volume will be diesel. French Economy Minister Roland Lescure announced the plan on Thursday,…

IEA warns of global diesel squeeze as crude tops $105

Crude oil prices have surged above $105 a barrel, driven by an escalating U.S.-Iran war that has choked tanker traffic through the Strait of Hormuz and compounded by the Houthi seizure of Yemen's port city of Mocha, which has extended…