Iran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf produ...

Indian refiners may reduce Russian crude imports amid new US sanctions. This move comes as the US legislation allows tariffs on countries b...

Middle East oil producers are increasingly using ship-to-ship (STS) transfers off Oman to keep crude exports moving despite disruptions fro...

A shortage of supertankers, driven by the US-Iran conflict and a South Korean tycoon's big shipping bet, has pushed freight costs to record...

Crude Oil Price Today : Brent crude futures fell $1.25, or 1.22%, to $104.62 a barrel, while U.S. West Texas Intermediate futures declined ...

The Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has ris...

Oil shipping rates from the Gulf of Oman to China have reached record highs this week. This surge follows recent attacks on shipping and mi...

International crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...

Global oil prices remain below one hundred dollars per barrel. Significant volumes continue to flow through the Strait of Hormuz. Gulf expo...

India now supplies sixty percent of diesel transiting Bab-el-Mandeb to Europe. Russian diesel exports remain severely constrained due to on...

The Shanghai Cooperation Organization summit convenes amid US economic pressure on Iran. Chinese and Russian presidents will meet with Iran...

Oil prices slipped on Thursday, extending their losing streak, as hopes of a Strait of Hormuz reopening grew amid diplomatic efforts involv...

Oil prices have declined as discussions between Iran and Qatar may pave the way for reopening the crucial Strait of Hormuz. This reopening ...

European shares edged higher as falling oil prices eased bond yields and supported equities, while investors awaited Nvidia’s quarterly res...

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $...

Oil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The lo...

Shipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...