Oil News

Oil prices extended their decline on Friday as more tankers exited the strategically important Strait of Hormuz, easing supply concerns despite an attack on a vessel in the Gulf of Oman.   The ...

Over the past two decades, the direction seemed clear: major oil companies would gradually evolve into broad-based energy companies. The expectation was that they would use their vast balance sheets, ...

Crude oil prices fell more than 3% on Friday and were on track for sharp weekly losses as supply concerns continued to ease with more stranded tankers leaving the Strait of Hormuz, despite a cargo ...

Oil prices fell on Thursday, giving up the gains recorded during the war as investors bet on improving global crude supplies after tankers that had been stranded in the Arabian Gulf for months began ...

Oil prices fell on Thursday to levels not seen since before the outbreak of the war with Iran, as expectations of rising supply from the Middle East outweighed demand concerns.   Brent crude ...

The closure of the Strait of Hormuz and the disruption of more than 10 million barrels per day of crude oil supplies from the Arabian Gulf have alerted import-dependent nations to the need for ...

Brent crude prices fell more than 1% on Wednesday to their lowest level in nearly four months, extending losses as signs emerged that more oil tankers are preparing to leave the Strait of ...

US President Donald Trump's renewed threats to strike Iran, combined with Iranian negotiators once again walking away from talks in Switzerland, have revived uncertainty surrounding the future of one ...

Oil prices were largely steady on Tuesday as investors monitored crude flows through the Strait of Hormuz following progress in peace negotiations between the United States and Iran.   Brent ...

Oil prices declined on Monday after the US Treasury Department authorized sales of Iranian crude through August.   Brent crude futures, the global benchmark for oil prices, fell 3.8% to $77.51 ...