Shockwaves from the Strait of Hormuz supply disruption are rippling across global oil markets, setting off a frantic race to rush in crude. As availability tightens, refiners and traders are scramblin...
After Russian crude, the US has now issued a 30-day sanction waiver on Iranian oil, currently at sea, to ease rising concerns about energy supply flows as Middle East conflict continues to boil. US tr...
File photo: US treasury secretary Scott Bessent (Picture credit: AP) The Trump administration is considering lifting sanctions on around 140 million barrels of Iranian oil currently stranded on tanker...
The United States is set to release 172 million barrels of oil from strategic reserve, the energy department said on Thursday. This came after US President Donald Trump said that he would tap into str...
President Donald Trump said on Tuesday that Venezuela’s interim authorities would transfer between 30 million and 50 million barrels of oil to the United States, with the crude to be sold at market pr...