Rebecca F. Elliott

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.

Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.

The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.

President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.

U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.

More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.

The vice president said the United States had leverage to dictate the outcome of the next round of negotiations. But he claimed incorrectly that Iran got no new benefit from the lifting of oil sanc...

Plus, the “Obamalisk” opens.

Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.

The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.

An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.

The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the U.A.E. to g...

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.

The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.

Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.