Will oil prices hit $100 due to ongoing tensions and conflicts in the Middle East? Oil, quite literally, is the fuel that drives global economies. Rising oil prices in turn can trigger inflation ...

(Bloomberg) -- Russia is earning more from its oil exports than at any time since the early weeks of the Ukraine war, as soaring prices and an uptick in flows raise the value of shipments to the most ...

Saudi Arabia is expected to significantly reduce its July crude oil selling prices to Asia as weakening demand, lower Middle Eastern benchmark premiums, and softer global oil prices weigh on the ...

The Biden Administration’s farewell sanctions on Russian oil trade were the most aggressive yet. Russian crude loading for Asia in March dropped as tanker rates are soaring and shippers are scrambling ...

Iraq has offered term buyers May-loading Basrah crude at steep discounts for loading inside the Strait ​of Hormuz, which has been largely blocked since ‌the Iran conflict began.

Abu Dhabi state oil giant ADNOC has suspended crude loading operations at the United Arab Emirates port of Fujairah, a source familiar with the situation told Reuters on Monday, after a drone attack ...

FILE PHOTO: A satellite near-infrared image shows smoke rising from Russia's Baltic port of Ust-Luga after a Ukrainian attack, in Ust-Luga, Leningrad Oblast, March 27, 2026. Vantor/Handout via REUTERS ...