Oil markets are set for a steep weekly decline as increased tanker transit through the Strait of Hormuz eases supply disruption fears.
Iraq’s southern oil output surge adds bearish pressure to crude benchmarks as loadings resume, raising oversupply concerns.
Oil prices linger at three-month lows as a potential Iran nuclear deal threatens to unleash fresh supply onto an already oversaturated market.
Essar's $500 million deal with IRH to buy crude oil and sell Stanlow fuels strengthens the refiner's operational stability, while providing a…
Oil prices surge as industry executives warn the White House about a looming supply crisis, raising fears of inflation and prompting a…
Houthi attacks on Red Sea shipping lanes unsettle oil markets, sending Brent and WTI sharply higher as shippers reroute around Africa and…
Crude oil's failure to reach $100 a barrel stems from a perfect storm of oversupply, weakening demand, and a resilient U.S. dollar…
Crude oil prices soared more than 4% after the United States launched fresh strikes on Iran, threatening a fragile truce and fueling…
China taps commercial oil reserves to counter Gulf supply shocks, signaling potential relief for global crude markets and easing price pressures on…
UAE's decision to offload bumper Gulf oil volumes for near-term loading signals a significant supply injection, threatening to depress Brent and WTI…
A flood of crude oil from the Persian Gulf will hit markets as the Strait of Hormuz reopens, threatening to sink oil…
The Arctic Refuge lease sale will gauge Big Oil's willingness to invest in frontier drilling amid shifting energy policy and climate pressures,…