An explosion occurred on the Vilamoura tanker, part of Russia's shadow fleet, on June 27 in the engine room. The incident happened while the ship was sailing from the port of Zueitina in Libya, ...

Without a major change in the Iranian government, there remains a significant potential for future threats to oil supplies ...

Saudi Arabia is the largest oil exporter that relies on the Strait and accounts for nearly 40% of the oil exports that pass through it. Following Saudi Arabia are Iraq, the United Arab Emirates, ...

Brent crude futures LCOc1 fell 13 cents, or 0.19 per cent, to $67.64 a barrel by 0344 GMT, ahead of the August contract's ...

Three decades later, oil traders are picking up the pieces from a 12-day rollercoaster ride that saw prices surging and ...

Oil traders don’t always get it right. In 2007 and 2008, oil surged as Chinese demand soared, creating shortages. At the same ...

Ukraine advocates for visa restrictions on Russian diplomats and strong sanctions targeting Russia’s oil trade, as revealed ...

The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and ...

Shipping costs in the Gulf have decreased following a ceasefire between Israel and Iran. Rates for supertankers, which surged ...

West Asia’s truce is tenuous and relations between Iran and Israel remain tense, but the world has more oil than it needs.

Crude oil futures posted a modest recovery after three days of declines, supported by lingering Middle East risk perception ...

In decades past, turmoil in the Middle East would send crude oil prices soaring, pushing up the cost of gasoline for drivers ...