Well-supplied markets and weakening demand for crude concern American drillers.

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

KARACHI – Pakistan’s furnace oil (FO) exports soared 63% year-on-year, reaching 1.37 million tons during the first 11 months ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

Analysts widely expect any move to restrict the flow of shipping traffic in the Strait of Hormuz to bring a spike to oil ...

Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) ("Permex" or the "Company") at the request of the Canadian Investment Regulatory Organization ...

Hours after Iran’s parliament passed a motion in support of the closure of the Strait of Hormuz on Sunday (22 June), India's ...

Following America's bombing of nuclear sites in the Middle East, petroleum analysts stated they anticipate an increase in oil and gasoline prices.

Chennai Petroleum jumped 11.44 per cent to hit a day high of Rs 705, while MRPL's stock climbed 8.59 per cent to Rs 146.60.

The price of crude oil plunged Monday afternoon, following Iran's retaliatory attacks targeting a U.S. military base in Qatar ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.