Two oil tankers carrying Iraqi oil products caught fire Wednesday after being struck in Iraqi territorial waters near the country’s southern export terminals, according to Iraqi port officials and ...

Armenia and Azerbaijan sent congratulatory messages to Iran’s new Supreme Leader while attempting to maintain favorable ...

Equinor has signed a two-year agreement to supply bio-methanol to Wallenius Wilhelmsen for use as marine bunker fuel in the shipping company’s upcoming dual-fuel methanol vessels. Under the deal, the ...

Oil markets continue to experience heightened volatility as the Middle East conflict escalates, with oil prices trending north on Wednesday, shortly after U.S. President Donald Trump signaled that the ...

Crude oil inventories in the United States increased by 3.8 million barrels during the week ending March 6, according to new ...

Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to ...

Saudi Aramco has asked Asian buyers to nominate crude loading plans for both its Gulf and Red Sea ports as the Strait of ...

Oil prices surged despite the largest coordinated strategic reserve release in history as escalating attacks on shipping in the Strait of Hormuz heightened fears of a prolonged global supply shock.

Despite deep military coordination in the war against Iran, the United States and Israel appear to have differing priorities ...

A cargo vessel caught fire after being struck by an unknown projectile in the Strait of Hormuz, underscoring escalating risks ...

The closure of the Strait of Hormuz has shattered the traditional diesel–jet pricing relationship in Europe, pushing the jet-diesel regrade from a normal –$5 to +$2/bbl range to an unprecedented ...

The effective closure of the Strait of Hormuz, through which 20 percent of global oil supply normally flows, has driven tanker traffic down roughly 90 percent, created a net daily supply shortfall of ...