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Saudi Arabia’s revenue from oil exports slumped to the lowest in almost four years in April as crude prices crashed.
Trump took to social media on Monday to demand that oil prices stay down in the wake of US attacks on Iran. Oil prices were down slightly on Monday after initially spiking on news of the attacks.
Iran could retaliate against the U.S. strikes on its nuclear facilities by shutting down the Strait of Hormuz, a move that would likely cause oil and gas prices to surge.
Some oil tankers are rerouting, pausing, or avoiding the Strait of Hormuz amid escalating Middle East tensions and fresh U.S. strikes on Iran, raising fears of a global oil supply shock.
Oil prices jumped to a five-month high in Asia on Monday in their first trading day after the US struck Iran's nuclear facilities on Sunday.
U.S. strikes on Iranian nuclear sites could push oil prices toward $100 per barrel as experts warn of disruptions to critical shipping routes.
Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, market analysts said, with gains expected to accelerate only if Iran ...
If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.
Sultan Ahmed Al Jaber has turned Abu Dhabi National Oil Co. into one of the world’s most ambitious—and well-funded—energy companies.
Sean "Diddy" Combs kept his baby oil stashed away in an apparently humidity-controlled container, according to new, jaw-dropping evidence photos from his sordid Manhattan sex-trafficking trial.
If it does, China could find itself cut off from a flow of cheap oil. Iran exports around 1.7 million barrels of crude a day, less than 2% of global demand.
Oil futures jumped after President Trump warned "everyone" to evacuate Tehran amid Israel and Iran's conflict. Oil futures and US stock futures later edged down.
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