Crude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...

Shipowners are closely monitoring a potential US-Iran peace deal and its implications for the Strait of Hormuz. While some express caution,...

Global oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...

From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the tec...

Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies on the neighboring planet. Musk, th...

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...

Strait of Hormuz deadlock: Iran has had the strategic waterway -- through which a third of the world's fertilisers normally pass.

Saudi Aramco's CEO Amin Nasser has predicted that the global energy markets may remain volatile until 2027 due to ongoing disruptions in th...

Global equity markets are defying geopolitical risks and high oil prices, with investors betting on economic resilience fueled by AI-driven...

Iran has caused significant damage to American military bases across the Gulf. Reports reveal extensive destruction at facilities in Kuwait...

The United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...

Global electronics face rising costs as Middle East conflict disrupts key material supplies. Printed circuit board prices have surged, impa...

Oil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas suppli...

Saudi Arabian Oil Co (Aramco) announced a 40% slump in profit in Q2 2022 to $30bn, driven by lower crude oil prices and weaker refining and...

The oil giant Saudi Aramco announced that it earned a $161 billion profit last year. Higher crude oil prices propelled the profits. The ann...

Saudi Aramco's capitalisation stands at $1.44 trillion, way below the $2 trillion sought by the kingdom.