Fears that Israel may destroy Iranian oil facilities to deprive it of its main source of revenue have driven oil prices ...

Iran has in the past threatened to disrupt shipping through the Strait of Hormuz if it is attacked. The Strait is the exit ...

Though OPEC may say its job is to keep prices stable, in fact the market swings up and down. When prices are up, Saudi Arabia ...

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...

A sudden rise in crude prices driven by a renewed fear of a military confrontation between the US and Iran has caught out bearish traders, forcing many to rethink their near-term ...

Halliburton is the third-largest oilfield services company in the world, so any time oil prices go up, it's a recipe for ...

The latest escalation in the Middle East has the potential to cause widespread price increases that could set consumers back.

Fuel prices are expected to increase for the second straight week as a result of the ongoing trade talks between the US and ...

West Texas Intermediate crude futures topped $77 a barrel at one stage, the biggest intraday jump since May 2020, before ...

LOCAL oil industry sources announced that all fuel products are likely to increase in prices again next week, mainly due to recent global developments.

Israel’s attack on Iran has catapulted their long-running conflict into what could become a wider, more dangerous regional ...

The Strait of Hormuz is a narrow waterway at the mouth of the Persian Gulf that handles a huge chunk of the world’s oil trade ...