Asia to Get Most 2014 Middle East Fuel, Ship Hirings Show

Persian Gulf oil refineries, going through the biggest expansion in decades, are about to ship the largest amount of fuels such as gasoline to Asia in eight months, lists of shipping charters show.

Crude Set for First Weekly Gain in a Month on Ukraine

West Texas Intermediate and Brent crude headed for the first weekly gains in a month after a Malaysian Air passenger jet was downed in Ukraine and Israel sent ground forces into the Gaza Strip.

Middle East must switch to natural gas to meet surging electricity demand: Study

DUBAI: If the current practice of generating electricity by inefficient oil-based power plants continue, the Middle East will soon run short of crude oil, according to a new study.

Oil jumps as Syria conflict heats up

Oil prices rose roughly 3% Tuesday, as the U.S. government and its allies consider a military strike on Syria following the country's suspected use of chemical weapons.

Oil Prices Stay Steady Despite Mideast Conflict

HOUSTON — American drivers filling their tanks for the Thanksgiving weekend can forget the impact of the Middle East on oil prices for a day or two.

Middle East violence pushes oil prices up

NEW YORK (CNNMoney) -- Oil prices rose further Monday as violence between Israelis and Palestinians ignited fears that that the conflict could spread throughout the region.

Oil prices are in 'danger zone', warns the IEA

Oil could hit $150 a barrel soon if investment in the Middle East and North Africa fails to rise with demand, the International Energy Agency (IEA) says.