Russia said Monday that fuel oil has leaked into the Kerch Strait, off the coast of the Ukrainian peninsula of Crimea, after two ageing oil tankers were caught in a storm. Ukraine's environmental ...

From there, the crude oil is transported by tanker. Besides its primary role as the most important energy source, crude oil is also an essential raw material for manufacturing plastics.

Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week ...