Most of Iran's exported oil goes to China and is carried on so-called "shadow ships," tankers that actively conceal their ...

Countries that are part of the OPEC+ oil cartel have announced they will boost production of crude oil ...

Every year, over 100 billion nitrile rubber gloves are produced. They are made from synthetic polymers—a material chemically related to plastic and derived from crude oil. The vast majority is used in ...

Iran produces 3% of global oil but controls the Strait of Hormuz, carrying one-fifth of global crude — giving it significant leverage over energy markets. Tankers are avoiding the strait and shipping ...

Fuel importers have been warned they could be breaching Australian sanctions law by importing Russian-origin oil processed in third countries.

The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.” ...

Chevron has signed a preliminary deal with Iraq's Basra Oil Company to discuss the potential acquisition of the West Qurna 2 oilfield, formerly operated by Russia's sanctioned Lukoil.

Explosions have been heard in multiple Gulf cities including Dubai, Abu Dhabi and Doha, while Israel and Hezbollah are trading blows as the war with Iran widens. Follow for live coverage.

The Strait of Hormuz, a 33km-wide pinch point through which 20 to 30 per cent of all global oil production travels, is "practically closed", Iranian state media has said. At least three tankers were ...

For decades, the Valero refinery shaped Benicia’s economy, politics and health. Now the city has become a reluctant test case of whether an oil town can reinvent itself ...

Nearly 300 entities linked to Russian energy and military production have been added to the UK’s sanctions lists, including a ...

Billions in oil funds have not been returned to Iran as transparency fades amid efforts to circumvent biting sanctions.