USO and BNO are rated hold, with trading preferred over investing amid heightened Middle East conflict volatility. Read more ...

Asian refiners are considering slashing crude processing rates by up to 30% as the war in Iran has effectively closed the Strait of Hormuz, delaying critical Middle Eastern crude deliveries.

By Chen Aizhu, Trixie Yap and Siyi Liu SINGAPORE, March 3 (Reuters) - Zhejiang Petrochemical Corp, a major Chinese refiner ...

An Iranian drone struck Saudi Aramco's Ras Tanura oil facility, causing a fire. As per initial information there are no ...

Iran sits on one side of the Strait of Hormuz — the shipping lane for about a fifth of the world’s crude from key suppliers ...

High-resolution satellite imagery has revealed visible structural damage at Saudi Arabia’s Ras Tanura oil refinery after what ...

The massive Ras Tanura refinery in Saudi Arabia's Gulf coast went into partial shutdown on March 2 after a strike by drones, ...

Indian refiners' crude processing (throughput) fell by 0.2% month-on-month in January 2026, reaching 5.63 million barrels per day (bpd) or 23.81 million metric tons ...

A prolonged Middle East conflict could hit India hardest due to low oil reserves and heavy import dependence, as Strait of ...

Oil prices could top US$100 a barrel if tanker flows through the Strait of Hormuz aren’t restored quickly, analysts said.

By Enes Tunagur and Timothy Gardner March 2 (Reuters) - India, a fast-growing oil consumer, is the country most vulnerable to ...

About 52% of India’s crude imports pass through the Hormuz corridor, making the country vulnerable to prolonged regional ...