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.
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Iraq reduces oil output, more cuts to come if Hormuz disruptions persist, Iraqi oil officials say
Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the ...
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
Energy analysts are bracing for a possible oil supply shock after U.S. strikes on Iran reignited fears of disruptions in the Strait of Hormuz.
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Chevron’s flagship Gulf Coast refinery is processing its first Venezuelan oil shipment since the U.S. capture of Nicolás Maduro in Caracas last month, turning heavy, tar-like crude into gasoline, ...
The Dangote Petroleum Refinery has achieved a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. Both ...
The Dangote Petroleum Refinery has announced that it has achieved a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) ...
Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - JANUARY 14: The Nave Photon crude oil tanker is ...
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 ...
The U.S government’s removal of Venezuelan President Nicolas Maduro last month is upending broader geopolitics as we know it. Informed by the second Trump administration’s focus on the Western ...
Crude oil futures gained for a third straight session Thursday, with Brent crude rising back above $70/bbl, as U.S. military moves into the Middle East raised expectations of possible action against ...
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