Saudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses direction and declines, Reuters has repor

Global oil inventories are falling at an accelerated rate, Goldman Sachs has warned, noting April draws from inventories had run at double the rate until the en

Oil prices are set to average between $81 and $100 per barrel over the next 12 months as demand destruction will help balance a market that continues to price i

Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the de facto closure of the Strait

Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.

Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.

The upsurge in U.S. inflation, reaching a three-year high, has been fueled by rising oil prices and the residual effects of the Trump tariffs. But another thing

Iran's position on its enriched uranium will likely complicate peace talks with the U.S.

Nvidia's record quarterly results failed to lift sentiment as oil prices surged on reports that Iran's supreme leader ordered enriched uranium kept inside the c

Geopolitical tensions in the Middle East are proving to be a bonanza for oil. But if you're like most investors you're missing the rally — unless you own the ri

Futures fell as oil prices rebounded: Nvidia stock wavered after strong earning. Elon Musk's SpaceX released its IPO filing.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.1 million barrels in the week ending May 15. In the w

Sales of electric vehicles in Europe are on the rise as the Middle East war disruption in oil exports pushes retail fuel prices higher, Reuters reported today,

Two supertankers loaded with crude oil exited the Strait of Hormuz today and are heading to China, Reuters reported, citing data from LSEG and Kpler. The vessel

India plans to send empty tankers into the Strait of Hormuz to load oil supplies from the Gulf producers in a first such Indian move west of the chokepoint for

UK-based oil and gas producer Energean plc on Wednesday slashed its first-quarter dividend and full-year production outlook following a 41-day halt to productio

Bitcoin climbed to about $77,200, while XRP, ether and solana also gained as Treasury yields and oil fell.

Oil futures markets are sanguine, but history shows expectations have often been disappointed

The change reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.

Oil futures were sliding on Wednesday following comments from President Trump that the war in Iran would be ended “very quickly.”