Oil prices were rallying again on Wednesday after Iran's Islamic Revolutionary Guard Corps (IRGC) captured two commercial vessels in the Strait of Hormuz. Brent crude for June delivery gained 2.99% to ...

Shell’s Mars platform in the Gulf has reached a milestone, becoming the first offshore asset in the United States to produce ...

The answer for the past couple months has been consistent: Oil producers are operating at maximum output, there’s nowhere to ...

Saudi Aramco has redirected more crude oil flows through its East-West pipeline after disruptions due to conflict between the ...

Oil prices go up faster than they come down, especially since the war has damaged oil infrastructure in the Middle East. The price of a barrel of crude oil tipped past the $100 mark this weekend, with ...

Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million ​barrels monthly before the Iran war, the country's new oil minister, Basim Mohammed, ‌said at a ...

By Siddharth Cavale and Laila Kearney NEW YORK, May 21 (Reuters) - Oil prices were volatile on Thursday, ultimately settling ...

Oil production in the Persian Gulf has tumbled 57% since the war with Iran began. That's a massive amount of oil. The world is offsetting this supply shock by drawing down inventories at a rate of 10 ...