Recent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...

The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil ...

Iranian oil tankers are now sailing through a US blockade. This follows a deal to reopen the Strait of Hormuz. Three tankers carrying five ...

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes...

Oil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agre...

Iranian foreign minister Abbas Araghchi posted on Friday on X that an agreement "has never been closer". He gave no details, saying a final...

Amidst geopolitical tensions, the US military's efforts are securing the departure of seven million barrels of oil each day from the Persia...

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Was...

America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered ...

OPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less i...

Brazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil'...

OPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...

China's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Coppe...

Bharat Petroleum Corporation will undertake maintenance at its Mumbai refinery in November. A 120,000 barrel per day crude unit and other s...

Global oil markets are experiencing an unusual calm despite a major supply shock. The Strait of Hormuz remains largely shut, impacting sign...

Seven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...