OPEC oil production fell in May to its lowest monthly level in more than two decades, according to a Reuters survey. The decline was driven by...
A prolonged disruption in energy supplies resulting from conflict in Iran would deal a severe blow to the global economy, according to a new economic outlook...
Hungary’s newly elected Prime Minister Péter Magyar has pledged to block all illegal migration, reject European Union quotas, and challenge Brussels’ punitive fines, signaling a highly...
India has asked Washington to extend a US license easing sanctions on Russian oil beyond its May 16 expiration date, Bloomberg reported, citing sources familiar with...
Iraq and Pakistan have signed agreements with Iran to secure oil and liquefied natural gas (LNG) shipments from the Gulf, underscoring Tehran’s ability to control energy...
Mike Wirth, the CEO of US energy giant Chevron, warned on May 4 that a physical shortage of crude oil is beginning to take hold, driven...
The United States exported a record 5.2 million barrels of crude oil per day in April, according to data from the commodity analytics firm Kpler. This...
China faces the prospect of new US sanctions as it moves forward with a plan to sell massive quantities of Iranian crude oil currently held in...
While the declaration of a ceasefire between the US and Iran has provided immediate relief to global oil markets, the shocks originating from the Strait of...
Despite sustained pressure from the United States, India is maintaining its intake of Russian crude oil, as geopolitical volatility in the Middle East complicates Washington’s efforts...
