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.

Shipping and logistics companies have restricted or halted bookings through the region, with oil prices already on the rise.

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

Subsequent to Trive’s investment, Rolfson acquired Flint Logistics Group, an Oklahoma City-based provider of fuel, oils, and lubricants.

Add Yahoo as a preferred source to see more of our stories on Google. Ukraine's internal security agency carried out two drone attacks inside Russia on Monday night, an official said. The SBU attacks ...

The Defense Forces continue to strike important enemy logistics sites deep inside Russian territory and in temporarily occupied areas. This was reported by the General Staff on February 17. In ...

Africa currently holds a strategic position in the global hydrocarbons market, with approximately 7.5% of proven oil reserves and 7.1% of global proven natural gas reserves. This significant energy ...

Every few years the market convinces itself that hydrocarbons are finished. Then reality shows up. Electricity demand is rising from data centers, AI infrastructure, electrification, and industrial ...

Russian oil producers could be forced to sharply cut output in coming months as tightening pressure from U.S. President Donald Trump and European powers restricts the country’s exports and its storage ...

NGL Energy Partners LP is an energy partnership that transports, treats, recycles, and disposes of produced water generated as part of the energy production process. It operates through the following ...

Sagil Capital sold 201,763 shares of Tidewater in the fourth quarter; the estimated trade value was $10.76 million. The transaction represents a 2.45% change relative to Sagil Capital LLP’s 13F ...

LONDON, Feb 12 (Reuters) - The global oil market is getting tighter despite earlier predictions of a glut, as U.S. pressure limits outlets for Russian and Iranian oil, boosting demand for oil from ...