Whoever controls the Strait of Hormuz, off the coast of Iran, controls nothing less than the sole maritime gateway for most of the Persian Gulf’s oil riches to the world.

Recent conflicts in the region have either spared energy infrastructure or caused limited damage. That isn't the case in the ...

The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth.

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 300 points on Thursday. The Dow traded down 0.64% to 49,346.38 while the NASDAQ fell 0.45% to 22,650.78.

LAUNCESTON, Australia, Feb 18 (Reuters) - Asia's imports of crude oil are on track to hit a record high in February as the recent strong run continues, but the mix of suppliers is starting to shift in ...

EIA forecasts that global oil inventory builds will average 3.1 million b/d in 2026, compared with an average build of 2.7 million b/d in 2025, before decreasing to average of 2.7 million b/d in 2027.

India maintains a strategically diversified mix of crude oil imports from multiple sources to ensure energy security, balancing affordability, logistics, and geopolitical risks. Meet Moya: World's ...

Foreign Secretary Vikram Misri emphasized India's strategic diversification of crude oil imports, balancing supplies from Russia, Middle East majors (Iraq, Saudi Arabia, UAE), and the US to ensure ...

India’s refiners rely on discounted Russian heavy crude that is difficult and costly to replace. Switching to U.S. oil would raise costs and strain refinery operations. Washington’s tougher stance ...

Crude oil stocks, not including the SPR, stood at 420.3 million barrels on January 30, according to the EIA's latest weekly petroleum status report. U.S. commercial crude oil inventories, excluding ...

U.S. crude oil inventories fell last week as a decline in production amid winter storm Fern partially offset a rise in imports, according to data released Wednesday by the U.S. Energy Information ...

Feb. 4 (UPI) --Petróleos Mexicanos, Mexico's state-owned oil company known as Pemex, announced Wednesday a $24.7 billion investment program to increase and sustain crude oil production under a plan ...