US President Donald Trump has urged Americans to accept higher gasoline prices as the cost of confronting Iran, as tensions over the Strait of Hormuz continue to disrupt global oil flows and threaten to prolong pr ...
The EIA expects around 600,000 b/d of Middle East oil production to remain shut in through the end of 2027, despite a gradual recovery in regional output and Hormuz flows from September.
The assessment come ...
The United States is set to import around 600,000 barrels per day (bbl/d) of crude oil from the Middle East in August, marking the highest level since the Iran war began, as a temporary reopening of the Strait of ...
US President Donald Trump renewed his call for oil companies to lower gasoline prices for American consumers, while criticizing Chevron CEO Mike Wirth for failing to acknowledge his administration's support for th ...
Iraq has begun exporting fuel oil to the US via Syria's Baniyas port for the first time, reflecting a shift in regional trade flows as the country expands alternative export routes amid ongoing disruptions to Gulf ...
US crude oil inventories in the Strategic Petroleum Reserve fell by 5.1 million barrels last week to their lowest level since 1983, extending drawdowns under the government’s planned release program.
US senators have released a sanctions bill targeting Russia, lowering the proposed tariff to 100% from 500% in the previous version in an effort to secure broader congressional support, Reuters reported.
Ho ...
The United States reimposed sanctions on Iranian oil on July 7th, with a US official warning that Tehran’s attacks on vessels transiting the Strait of Hormuz were wholly unacceptable and would draw consequences.
XRG, the investment arm of Abu Dhabi National Oil Company (ADNOC), has acquired an additional stake in Trains 4 and 5 at the Rio Grande liquified natural gas (LNG) terminal in Brownsville, Texas, deepening its exp ...
US President Donald Trump has instructed the Department of Justice (DOJ) to investigate oil companies for failing to lower gasoline prices in line with falling crude costs, accusing the companies of "gouging" cust ...
