Asian companies are increasingly focusing on the Middle East. Saudi Arabia, Qatar, and the UAE are investing heavily in new ...

India is preparing to diversify its crude oil sources beyond the Persian Gulf and potentially reduce refined-product exports ...

Last year, Iranian oil accounted for as much as 15 per cent of the crude shipped to the world’s second-biggest economy. Overall, China last year imported about 11.1mn barrels of oil a day, according ...

A $10 a barrel increase in the average price of crude oil in FY26 will typically push up net oil imports by about $13-14 ...

According to the newspaper, Iran has an opportunity to install mines in the Strait of Hormuz, which will leave US warships isolated in the Persian Gulf ...

Hostilities between Israel and Iran have raised the cost of shipping insurance in the Persian Gulf and Red Sea, leading to ...

The U.S. West Texas Intermediate crude for July - which did not settle on Thursday as it was a U.S. holiday and expires on ...

NewsNation Chief Washington Anchor and On Balance host Leland Vittert gives you an early look at tonight’s 9 p.m. ET show.

The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, occurred amid ...

(Reuters) -An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above ...

According to Alexander Novak, of all the world's oil exports, about one-third comes from the Persian Gulf countries through the Strait of Hormuz ...

If the Strait of Hormuz is closed, much of the world could go without fuel. After the Israeli bombing that started on June 13, several Iranian politicians have suggested that the Strait should be ...