Iran resumed crude oil exports for the first time in two months after a U.S. agreement to lift the naval blockade, with nearly 5 million barrels shipped.
Saudi Arabia, the U.A.E. and Iraq are pouring money into pipelines, rail and storage to keep oil flowing even when the strait isn’t
Despite U.S. sanctions, the regime has managed to sell billions of dollars in crude to China using a clandestine network of aging tankers. Our reporters paid a visit.
The head of the International Energy Agency warns that commercial oil stocks are draining at a record pace as the Iran war keeps the Strait of Hormuz shut
IATA is sounding the alarm, warning European travelers that ticket price hikes are now inevitable as sustained high jet fuel costs can no longer be absorbed by airlines
The shale boom and wars in Ukraine and Iran have transformed the U.S. into a global energy powerhouse
US indexes show marginal moves after a strong six-week run, as Trump rejects Iran's latest peace proposal and oil prices spike above $97 a barrel
Caracas told the World Court it does not recognize its authority in the long-running Esequibo territorial case, as Guyana seeks confirmation of a colonial-era border over a resource-rich region
UAE announced Tuesday it will leave OPEC effective May 1, ending a membership dating to 1967, as tensions with Saudi Arabia mount and the Emirates chafes under production restrictions
Speaking at the Delphi Economic Forum, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM): Oil & gas supply won't normalize quickly, inflation hits 3%, markets underestimate the crisis. Europe must accelerate, not abandon, its energy transition
Global oil markets are facing unprecedented disruption as conflict in the Middle East restricts flows through the Strait of Hormuz. Industry leaders warn the loss of supply could reshape energy, food, and industrial markets worldwide, with risks extending beyond oil
Oil prices fell by more than 9% following Iran's announcement
Japan will create a $10 billion financial framework to help Asian nations secure oil and other energy resources amid rising geopolitical tensions, aiming to safeguard regional supply chains and reduce the risk of disruptions affecting key industries.
Oil prices jumped more than 7% after the US announced plans to block shipping linked to Iran through the Strait of Hormuz, reviving supply fears and pushing crude back above $100 a barrel amid failed peace talks
Regional disparities persist, with the Cyclades once again recording the highest prices in the country, where regular unleaded reached 2.173 euros per liter.
With harsh rhetoric reflecting growing tension in Washington-Europe relations, Donald Trump attacked Britain and France over their stance on the war with Iran, urging Europeans to "learn to fight on their own."
Iran set fire to a fully laden Kuwaiti crude oil tanker anchored near Dubai on Monday.
The lesson from the Strait of Hormuz is not closure. It is control.
A Russian fuel shipment is set to reach Cuba after the U.S. president signals a shift in policy, offering temporary relief amid the island’s worsening energy crisis.
The Motor Oil Group announced adjusted EBITDA of €1.2 billion — and a generous dividend of €1.75 per share