The Middle East war is creating the biggest supply disruption in the history of the oil market as flows of…
Browsing: OPEC Announcements
As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike its oil…
Oman has ordered the evacuation of vessels from its key Mina Al Fahal oil port, which sits outside the Strait…
Iran is set to allow India-flagged tankers to pass through the Strait of Hormuz, an Indian source told Reuters on…
The Chinese government has moved to ban all fuel exports amid a worsening supply crunch because of the severe disruption…
President Trump has ordered the release of 172 million barrels from the strategic petroleum reserve to cushion the blow to…
Goldman Sachs has once again revised its oil price outlook, now expecting Brent crude to trade at $71 per barrel…
Two oil tankers carrying Iraqi oil products caught fire Wednesday after being struck in Iraqi territorial waters near the country’s…
Oil prices climbed sharply on Wednesday even after the International Energy Agency announced the largest coordinated release of strategic oil…
Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge…