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BRICS nations, including Iran and Russia, met in New Delhi on Thursday, where India warned of 'considerable flux' in a world hit by conflict, economic uncertainty and energy insecurity....
The Organization of Arab Petroleum Exporting Countries (OAPEC) on Sunday announced that the UAE had officially withdrawn from the alliance that did not set a production policy for its...
The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of...
The price of physical crude oil cargoes for prompt delivery to Europe hit a record high near $150 a barrel on Monday and those for Africa hit new peaks,...
Oil tankers are steering clear of the Strait of Hormuz ahead of a US blockade later on Monday following failed peace talks between the US and Iran over the...
Oil prices climbed above $100 a barrel on Monday as the US Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that...
Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy and Chairman of KAPSARC’s Board of Trustees, alongside Prince Bader bin Abdullah bin Farhan Al Saud, Minister of...
Oil futures sank below $100 a barrel while equity and bond prices rallied sharply on Wednesday after the United States and Iran agreed on a two-week ceasefire, prompting hopes...
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is 'more serious than the ones in 1973, 1979 and 2002 together', Fatih Birol,...
US President Donald Trump said on Sunday that Moscow could send oil to Cuba despite Washington's de facto fuel blockade, as a Russian tanker was expected to deliver some...
