The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according to Saudi Aramco, the world’s top crude exporter and biggest oil firm.

Clusters containing dozens of vessels each appear to signal positions in and around the Strait of Hormuz, suggesting that electronic interference and GPS jamming have soared at the critical oil ...

The Pentagon has taken a step toward rebuilding one of the most fragile links in the U.S. defense supply chain: the industrial capability to turn rare earth minerals into the metals that power most ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. The largest oil producers in the Middle East Gulf have deepened production ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Crude oil imports into China climbed 15.8% over the first two months of the year, with the ...

Iran has warned that “not a litre” of oil will be exported from the Middle East until the United States and Israel stop bombing it. The warning comes on the heels of statements made by President Trump ...

GeoPark has decided not to increase its bid for Frontera Energy’s Colombian E&P assets after determining that a higher offer would undermine its capital discipline and long-term return targets.

Oil prices plunged nearly 10% after President Trump suggested the war with Iran could end soon, easing fears of prolonged ...

Shell has agreed to sell Jiffy Lube International and franchise operator Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion as part of a strategy to streamline its lubricants portfolio ...

Chevron cautions that proposed amendments to California’s carbon market could raise fuel prices and jeopardize refinery operations.

Middle Eastern producers like Saudi Aramco saw stocks jump amid production cuts and Strait of Hormuz disruptions, while U.S.

The Iran War has closed the Strait of Hormuz and Bab el-Mandeb Strait, creating a dual-chokepoint crisis that is driving massive inflation across energy, shipping, fertilizer, and financial markets, ...