The closure of the shipping route, where more than 20% of daily oil consumption passes, remains a very low-probability event.

Possibility of Iran shutting down the Strait of Hormuz, a key lane for Middle Eastern oil and gas shipments from the Persian ...

Oil and gas producers in the United States expect to find it easier to ramp up output and exploration under the incoming ...

U.S. imports of crude oil from Saudi Arabia hit a near four-year low last week, U.S. government data showed on Wednesday, as ...

Hanwha Ocean Europe and Gibson Shipbroking experts forecast tanker fleet renewal, fuel options and global demand shifts ...

What is the price of crude oil today? WTI futures traded at $68.17 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.18%. Brent futures traded at $71.87/bbl, an increase of 0.35% ...

A Greek oil tanker crippled by Yemen's Huthi rebels and towed to avert an environmental disaster began transferring its cargo of over a million barrels on Thursday, the state-run ANA news agency said.

Nigeria exported N123.3tn worth of crude oil between 2013 and 2022, a report on international shipping trade by the Nigerian ...

The discount on Canadian heavy crude is the most stable it has been in more than two years as the startup of the expanded Trans Mountain pipeline gives the country’s oil producers new shipping options ...

The discounts are the narrowest since Chinese independent refiners, known as teapots, stepped in as buyers in late 2019 ...

Oil and gas producers in the U.S. expect to find it easier to ramp up production and exploration under the incoming second administration of Donald Trump. Finding local and lucrative markets for their ...