The war-driven closure of the Strait of Hormuz is inflicting severe oil and gas revenue losses on Gulf producers.

Nearly one-fifth of the world’s oil supply passes through the Strait of Hormuz, making it the most critical chokepoint in global energy markets. Iran does not need to physically close the strait; ...

Goldman Sachs predicts Brent Crude will average above $100 per barrel in March due to the ongoing Middle East conflict choking supply, with prices potentially surging higher if the disruption at the ...

Investment banks are revising oil price forecasts upward, with some anticipating a surge to $150 per barrel or more, driven by Middle East supply disruptions and the risk to the Strait of Hormuz.

The U.S. Department of Energy is launching a $1.9 billion funding effort aimed at rapidly expanding the capacity of the ...

Venezuela's Lake Maracaibo, once the center of a booming oil industry, is now severely polluted and facing irreversible ...

Iran’s Islamic Revolutionary Guard Corps (IRGC) warned Thursday that it could ignite a wider energy crisis across the Middle ...

A one-month US Treasury waiver has temporarily allowed the sale of at least 19 million barrels of Russian crude oil held on tankers in Asia, intensifying competition between key customers China and ...

Tesla has received regulatory approval to supply electricity to homes and businesses across Britain, paving the way for the ...

Oil markets surged as geopolitical conflict, shipping threats and emergency reserve releases heightened fears of a major supply disruption.

TotalEnergies is capping the price of gasoline and diesel at its French stations at €1.99 and €2.09 per liter, respectively, ...

Surging oil prices linked to the Iran conflict are expected to squeeze U.S. airline profits, especially since many carriers reduced fuel hedging and are now highly exposed to jet fuel price spikes.