Even before the conflict, Tehran estimated it needed more than $500 billion in foreign investment just to modernize outdated ...

Shell’s chief said it took a “prudent” approach to trading wild oil price swings triggered by geopolitical upheaval including the war between Israel and Iran, in contrast to rivals that capitalised on ...

Iranian crude builds up offshore as over 30 million barrels float near Malaysia, the highest in more than five years.

Oil prices fell nearly 1 per cent on Monday morning as markets awaited the outcome of talks between the US and Russian ...

An estimated 30 million barrels of Iranian crude oil are floating unsold in Malaysian waters. China, the main buyer of the ...

Oil prices dipped as OPEC+ confirmed a significant September supply increase, raising concerns about a potential oversupply ...

Iran is facing a severe water and electricity crisis just weeks after a deadly war with Israel brought the country to a ...

A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per ...

Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit ...

The commodity is in the Middle of some fundamental headwinds between strong supply (OPEC+ cartel trying to change things up) ...

Low diesel stockpiles worldwide are countering the downward pressure on crude oil prices from rising OPEC+ supply and setting ...

Exxon Mobil’s profit dropped in the second quarter to the lowest level in four years as oil prices declined amid an increase ...