Saudi Arabia has boosted its crude oil exports from Egypt’s Mediterranean port of Sidi Kerir by about 33% in the month since the Houthis threatened Saudi oil sh

Ukraine overnight hit with drones an oil refinery in the Perm region, deep into Russian territory, as the Ukrainian military has been targeting Russia’s oil pro

Hormuz traffic remains near a standstill as Trump’s ‘Economic D-Day’ campaign pushes Brent closer to $100. Friday, August 21, 2026 Transits through the Strait o

China’s refiners have imported lower volumes of Iranian crude in August compared to July as the U.S. blockade reinstated in mid-July is squeezing crude supply t

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, with

Venezuela has plenty of oil buyers again. What it does not have is enough functioning port infrastructure to get them their crude. Tankers are waiting as long a

Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it. Baghdad is targeting output of between 8 million and 10 mill

China's energy strategy has largely shielded it from the fallout of the war in Iran and the resultant closure of the Strait of Hormuz, a vital artery for global

Global electric vehicle sales have surged this year following the oil supply disruption in the Middle East and the second oil price shock in four years. The acc

The Yemeni Houthis are planning to seize land along the Yemeni coast in the Bab el-Mandeb Strait, tightening their control of the chokepoint. The information co

Brazilian President Luiz Inácio Lula da Silva has hailed a new offshore oil discovery by Petrobras (NYSE: PBR) near the mouth of the Amazon River as a "passport

Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the Middle East dimmed further amid U.S. threats of the “t

Crude oil imports into China are set to rise by about 1.2 million barrels per day in the final quarter of the year from the current one, although they will like

Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that

The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, t

October WTI crude oil futures are trading at $86.31 late Thursday, up $4.82 or 5.91% for the week. The contract opened at $81.62, traded as low as $80.80, and r

Bond markets remained volatile, as investors assessed the geopolitical turmoil.

More vessels are navigating the Strait of Hormuz with their location devices turned off to evade attacks by Iran, adding to the threat of collisions.

Holidaymakers tell the BBC they paid for luxury breaks but faulty air conditioning left them in sweltering heat.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock