Iranian oil production plunged 19% in May, OPEC data shows, raising concerns about global crude supply and potential price spikes.
Brazil’s Lula and Mexico’s Sheinbaum discuss possible oil and biofuel deals, lifting hopes for Latin American energy collaboration and boosting regional currencies…
Crude oil's failure to reach $100 a barrel stems from a perfect storm of oversupply, weakening demand, and a resilient U.S. dollar…
The US Treasury eased restrictions across Venezuela licenses, a move that could lift oil exports and weigh on crude prices while reviving…
Closure of the Strait of Hormuz drives China to restock massive coal reserves, accelerating Asia’s coal demand and tightening oil markets, a…
A fire on an Iran-linked oil tanker in the Gulf of Oman triggers a crude oil price spike and flight to safety,…
Physical oil benchmarks face downward pressure as the Russia-Ukraine conflict passes the 100-day mark, with spot markets signaling weak demand and ample…
China taps commercial oil reserves to counter Gulf supply shocks, signaling potential relief for global crude markets and easing price pressures on…
Kuwait offers crude oil to Asian buyers for the first time since a war disrupted supplies, hinting at a potential loosening of…
Colombia's oil sector, reeling from a 20% production decline, bets on Venezuelan operations to drive a comeback; state-run Ecopetrol is negotiating field…
Crude oil prices held steady as Israel and Iran paused hostilities endangering diplomatic talks, easing geopolitical risk premiums and leaving markets focused…
Giant oil supertanker orders eclipsed the all-time high from 2008, a bullish signal for crude demand and tanker shipping stocks that highlights…