More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000

The president says the countries’ joint venture will lower petrol prices for Americans

Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.

President Trump’s administration has been pushing U.S. companies like Chevron to invest more in Venezuela’s oil industry.

The president said an agreement between the countries covered more than 65 billion barrels of reserves. A U.S. official said it would involve a partnership with

Venezuelan interim president says the unusual agreement will help revive her country's economy.

The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.

The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil

Last month, we reported that Nigerian billionaire and Africa’s richest man, Aliko Dangote, has agreed to build a $17 billion (Ksh2.2 trillion), 700,000-barrel-p

Crude oil prices were on course to book another weekly loss despite no sign of any progress being made towards peace between Iran and the United States. At the

Tanker traffic in the Strait of Hormuz slowed below the ten-day average this week, with only seven commodity vessels traversing the waterway on Thursday, Reuter

Oil volumes moving out of the Persian Gulf have recovered to about two-thirds of the typical levels from before the Iran war, Goldman Sachs says, noting that th

Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment i

WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to

Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.

How markets have moved six months into the war, and where they might be headed in the future.

Brent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz. Brent tumbled to

China’s push to squeeze more oil and gas from home is paying off just as imported energy becomes more geopolitically complicated. CNOOC posted record first-half

Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions abou

Crude oil prices extended their decline for the fourth day today on news that Qatar’s Prime Minister will visit Tehran today to discuss the possibility of reope