OIL

10,863 articles

US, Israel hit five oil sites in and near Tehran: official
Mar 08, 2026 (AFP)
"Last night, four oil depots and a petroleum products transport centre in Tehran and the Alborz were attacked by enemy aircraft," the CEO of the National Irania...
India says to push ahead with Russian oil imports
Mar 07, 2026 (AFP)
The US-Israel campaign against Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, causing a sur...
China prioritises energy and diplomacy over Iran support
Mar 05, 2026 (AFP)
The war in the Middle East has sparked global fears of an energy supply crunch, with traffic in the vital Strait of Hormuz blocked. Iran's Revolutionary Guards ...
China tells oil refiners to suspend exports: Bloomberg report
Mar 05, 2026 (AFP)
China is a net importer of oil and is one of several major Asian economies that depend on the vital Strait of Hormuz for energy. Traffic through the strait is c...
UK maritime agency reports explosion, oil spill off Kuwait
Mar 05, 2026 (AFP)
Iran's elite Revolutionary Guards have said they had "complete control" of the Strait of Hormuz, a crucial chokepoint into the Gulf and one of the world's most ...
Six injured in Abu Dhabi and blasts heard in Doha, Manama
Mar 05, 2026 (AFP)
The unprecedented attacks by the Islamic republic, targeting US military assets but also American embassies and civilian infrastructure across the Gulf, continu...
Myanmar drivers scramble for fuel as Mideast war cuts supply
Mar 04, 2026 (AFP)
The US-Israeli attacks on Iran over the weekend and wider war across the Middle East have hampered oil supplies from the resource-rich region and sent global pr...
Gulf countries risk revenues, reputations in Middle East war
Mar 04, 2026 (AFP)
Gulf countries have borne much of Tehran's response since the US and Israel launched a massive air campaign against Iran over the weekend. The Islamic republic'...
China urges all sides to maintain safety in Hormuz Strait
Mar 03, 2026 (AFP)
Nearly a quarter of the world's seaborne oil supplies pass through the strait, as well as a significant amount of cargo. Iran's Revolutionary Guards declared it...
Will US oil companies be the big winners from the Iran war?
Mar 03, 2026 (AFP)
But the question remains whether the new war in the Middle East also leads to increased oilfield investment. - What does the Middle East war mean for US oil ind...
Mideast war exposes fragile oil, gas dependency
Mar 03, 2026 (AFP)
The Russian invasion in 2022 triggered a massive energy crisis, particularly in Europe, where gas prices -- then largely dependent on imports from Russia -- soa...
Iran missile and drone barrages create dilemma for Gulf states
Mar 03, 2026 (AFP)
After years of careful diplomatic rapprochement with the Islamic republic and weeks of publicly arguing against war, Gulf countries including Saudi Arabia and t...
Trump says US Navy could escort tankers, Iran aimed to strike first
Mar 03, 2026 (AFP)
Trump has given often conflicting explanations for the joint US-Israeli attack on Iran, while the president who once campaigned to end to America's Middle Easte...
Iran war oil 'chaos' shows value of renewables: UN
Mar 02, 2026 (AFP)
"Along with its brutal human costs, this newest upheaval shows yet again that fossil fuel dependence leaves economies, businesses, markets and people at the mer...
Chief of US Southern Command on visit to Venezuela: embassy
Feb 19, 2026 (AFP)
US Southern Command (SOUTCHOM) chief General Francis Donovan met with Rodriguez as well as Defense Minister Vladimir Padrino Lopez and Interior Minister Diosdad...
US renews threat to leave IEA
Feb 19, 2026 (AFP)
Speaking on the last day of an IEA ministerial meeting in Paris, Wright said the 52-year-old agency should return to its founding mission of ensuring energy sec...
Iran, Russia to conduct joint drills in the Sea of Oman
Feb 18, 2026 (AFP)
On Monday, the Revolutionary Guards, the ideological arm of Iran's military, also launched exercises in the strategic Strait of Hormuz, a challenge to US naval ...
US energy chief says IEA must 'drop' focus on climate change
Feb 18, 2026 (AFP)
Wright threatened last year to pull the United States out of the IEA -- which was founded to coordinate responses to major disruptions of supplies after the 197...
Brazil eyes fossil fuel roadmap 'that unites'
Feb 17, 2026 (AFP)
The COP30 climate conference in the Amazon city of Belem concluded in November with a deal that lacked any explicit mention of fossil fuels after Saudi Arabia, ...
Oil in spotlight as Trump's Iran warning rattles sleepy markets
Feb 17, 2026 (AFP)
West Texas Intermediate was up more than one percent, nearing $64 per barrel, while Brent eased slightly to just under $69. Trump warned Iran of the "consequenc...
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