With a ceasefire now easing geopolitical tensions, the window for securing higher oil prices has quickly closed, returning ...

Oil futures tumbled following Iran’s missile attacks on U.S. bases in Qatar and Iraq, with benchmark U.S. prices falling by as much as 5% in afternoon trading.

Only about 5 million barrels a day of oil exports could be diverted through Saudi Arabia's East West Pipeline and the United Arab Emirates' Adcop pipeline, out of a total of around 15 million barrels ...

This is breaking news. Please refresh for updates.

Though seen as a drastic option, the most powerful tool Iran has to shock the global economy and hurt the U.S. is to close traffic on the strait, said Danske Bank chief analyst Minna Kuusisto. Doing ...

Since the beginning of 2024, Russia, Saudi Arabia, the UAE, Kuwait, Iraq, Kazakhstan, Oman, and Algeria have voluntarily reduced oil production by a total of 2.2 mln barrels per day ...

Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, ...

OPEC+ group of leading global oil producers could bring forward its output hikes by around a year from the initial plan, Igor ...

Russian President Vladimir Putin said on Friday that oil prices had not risen significantly due to the conflict between Iran ...

Saudi Energy Minister Prince Abdulaziz bin Salman said Thursday that OPEC+ will base any future oil production decisions on ...

Russia's chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an ...