Based on past conflicts that have rattled oil prices, oil is likely trading in the upper range of where it should be as the ...

Saudi Arabia is the largest oil exporter that relies on the Strait and accounts for nearly 40% of the oil exports that pass ...

Three mysterious heat signatures have triggered panic in one of the world’s most critical oil trade routes – Gulf of Oman. Photos claiming to show ships on fire near the Strait of Hormuz have gone ...

Egyptian authorities say an oil-drilling ship capsized in the Gulf of Suez, killing at least four crewmen and leaving four ...

Last year oil averaged $82 a barrel; in 2022, $100. The one-year-old conflict in the Middle East has confounded many expectations. But for oil prices to reach triple digits again, a lot of things ...

(Bloomberg) -- US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico. Most Read from ...

The last of the oil purchased by the Biden Administration to refill the U.S. Strategic Petroleum Reserve was pumped into massive underground storage caverns along the Gulf Coast last week ...

Image by Prapat Aowsakorn via iStock. ... When oil consistently traded at $100 a barrel between 2008 and 2015, ... Like all established oil fields, the Gulf faces limits.