Oil prices could top US$100 a barrel if tanker flows through the Strait of Hormuz aren’t restored quickly, analysts said. Read more at straitstimes.com. Read more at straitstimes.com.
One-fifth of the global oil supply and substantial amounts of natural gas travel through the Strait of Hormuz, which has become a no-go zone for many tankers as fighting continues.
Oil prices are up sharply as the widening Iran war disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world’s oil supply.
The U.S.-Israel war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages ...
A worldwide sell-off for stocks is slamming onto Wall Street, and oil prices are leaping even higher as worries rise that the war with Iran is widening ...
In 2008, the high oil prices had helped kickstart the shale oil industry in the US. Something similar may be happening now.
The US military said Kuwait mistakenly shot down three American jets over the Gulf; Oil production facilities have been struck or shut down. Follow updates here.
Israel launched a new wave of strikes on Tehran and Iran responded with more missile barrages. Iran has said it has closed navigation through the Strait of Hormuz, prompting Asian governments and ...
Brazil, already South America's largest economy, is on track to become a top four global oil producer following massive pre-salt discoveries, joining OPEC+ in 2025, and seeing a surge in investment ...
BISMARCK, N.D. (North Dakota Monitor) — A recent North Dakota Supreme Court decision could have ripple effects for thousands of oil wells, the mineral owners who receive royalties from them and the ...
Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the ...
BISMARCK, N.D. (North Dakota Monitor) – A recent North Dakota Supreme Court decision could have ripple effects for thousands ...