Crude oil prices were on course to add 4% this week, as the United States and Iran indicated they are no closer to a peace deal than they were at the start of t

Crude oil imports from Russia accounted for over 50% of India’s total import volumes last month. This was the highest share of Russian oil in India’s import mix

Low U.S. gasoline prices are the top priority of the Administration amid the war in Iran, Vice President JD Vance said, as the U.S.-Iran deadlock persists and t

Not only is a growing number of tankers moving stealthily with transponders switched off at the Middle East’s two key chokepoints, but the time of the so-called

Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack fro

Syrian oil is clawing its way back, methodically. Onshore, the immediate issue is returning Syria’s existing oil production to Damascus. Most producing fields a

September WTI crude oil futures are trading at $81.19 late Thursday, up $4.11, or 5.33%, for the week. With Friday’s session still to come, the final weekly res

North Asian refiners have increased buying activity to secure U.S. crude oil supply as an alternative to the Middle Eastern crude that may not make it outbound

WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.

Russian President Vladimir Putin threatened Wednesday to seize European ships in retaliation for EU action against Russia’s shadow oil fleet, opening the possib

The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of ne

Despite the ongoing stalemate in the U.S.-Iran talks and persistent risks to shipping in the Middle East, oil prices fell in Asian trading on Thursday, weighed

New Zealand’s petroleum and mining regulator has granted a 10-year petroleum mining permit in the onshore Taranaki region as the country looks to boost natural

China’s biggest coal-to-chemicals producer reported record profits for the first half, raking in the equivalent of $1.4 billion as crude oil prices soared inter

State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the wo

Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.

The conflict in the Middle East has pushed up oil and fuel prices, and also disrupted supply chains.

Global shipping demand remains strong despite geopolitical turmoil, but port and trucking bottlenecks are increasing congestion and putting upward pressure on f

Oil futures retreated early Wednesday morning after prices rose overnight.

Greenland Energy Company and joint venture partner 80 Mile have delayed planned oil drilling in Greenland until winter 2027.