Global oil markets are bracing for significant monthly gains, driven by escalating geopolitical tensions across the Middle East. Fears of supply disruptions,...
The breakdown of the U.S.-Iran ceasefire threatens a new crude oil supply crunch. Critically low inventories mean global markets lack the buffer...
China has increased oil purchases from the Middle East, driven by deep discounts from Saudi Arabia, which are expected to further boost...
A handful of OPEC+ nations will raise oil output from August. However, the cartel is fighting for survival following the UAE's departure,...
A Chevron executive states there is no immediate solution to lowering U.S. gasoline prices at the pump, despite former President Trump's protests....
The US has temporarily waived sanctions, allowing Iran to sell oil in US dollars for the first time in decades, following talks...
The United Arab Emirates will exit OPEC and OPEC+ on May 1, a move it says is to focus on national interest,...
Morgan Stanley strategists warn that a prolonged Strait of Hormuz closure into June could push Brent crude prices to $150 per barrel...
Chevron CEO Mike Wirth warns that physical oil shortages are beginning due to the Strait of Hormuz closure, impacting global economies and...