The Saudi Arabia-led producer group has surprised the oil market this year by fast-tracking the return of idled production even as crude prices fell. It has prompted speculation that the cartel was ...

Iran is seriously considering closing the strategic Strait of Hormuz after launching missile attacks on Israel, threatening a ...

Israel's strikes on Iran on Friday have raised the prospect of global oil prices hitting $100 a barrel. If Tehran seeks to ...

Iran has threatened to block the Strait of Hormuz on several occasions over the years, including in January 2012 in ...

The oil purchasing market keeps a special eye on the Strait of Hormuz as around a fifth of the world's total oil consumption ...

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 ...

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The United States and its allies, in coordination with the IEA, last tapped emergency oil stocks in early 2022 after the ...

Saudi Arabia is expected to be Pakistan’s largest source of external financing in the upcoming fiscal year with over $6 billion in support as the South Asian country seeks to raise more than $20 ...

Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories ...