Dobson said that although the Bab el-Mandeb is the narrowest passage geographically, it might have been a major barrier depending on the watercraft of that time.

Oil prices rose modestly after a surprise U.S. inventory draw and a new U.S.-Japan trade deal revived hopes for stronger global demand.

Dobson said that although the Bab el-Mandeb is the narrowest passage geographically, it might have been a major barrier depending on the watercraft of that time.

0006 GMT — Oil rises in the early Asian session amid optimism toward U.S.-EU trade talks. The U.S. and the EU are working toward a deal that would set a 15% tariff for most EU goods to the U.S ...

Oil prices gained more than 3% on Tuesday as President Donald Trump ramped up pressure on Russia over its war in Ukraine and on optimism that a trade war between the U.S. and its major trading ...

The Organization of the Petroleum Exporting Countries said it anticipates an easing of global trade tensions in the coming weeks and kept its oil-demand forecast unchanged as it continues to ramp ...

Oil prices fell in early Asian trading as U.S.-EU trade tensions and rising supply continue to dampen market sentiment.

The modern oil era has transformed the global economy, geopolitics, and industrial development. This video traces the rise of oil as a dominant force, beginning with major discoveries in the late ...

Oil prices fell on Tuesday for a third consecutive session, as hopes faded for a trade deal between the U.S. and Europe, feeding fears of an economic slowdown in the world's largest oil markets.

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from ...

A renewed blockade of the narrow Bab el-Mandeb Strait by the Houthis may once again threaten international shipping in general and U.S. economic interests in particular, forcing Trump's hand in ...

Oil futures jumped 2% as investors bet that Trump's comments on Russia could result in sanctions on Russian oil that might prompt a supply shock. Meanwhile, a US trade deal with the EU fueled ...