Now California must figure out how to replace some 200,000 barrels of oil a day that will no longer be arriving from the Persian Gulf.

The halt is due to a blockade of the Strait of Hormuz, the country’s only export route, with crude accounting for roughly 50% of GDP...

While megasolar projects are facing headwinds at the government level, some see renewed potential for solar sharing and smaller-scale, off-g...

As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapid...

Russia says it can no longer deliver Kazakh oil directly to Germany via the Druzhba pipeline...

Well, isn't that unexpected? A Japanese toilet maker has just announced that it will pivot to AI chips, leading to a 18% stock surge. Creami...

Moscow will sell to Indonesia and Japan, as both countries seek a hedge against the closure of the Strait of Hormuz...

Following the Russian invasion of Ukraine in 2022, several major world powers introduced strict sanctions on trade with Moscow. Europe and t...

Venezuela's crude exports surged 14% to 1.23 million barrels per day in April, reaching their fastest pace in over seven years. This increas...

The incident marks at least the fourth vessel hijacking near Somalia in recent weeks.

As she sat down to pen her first email to BP’s 100,000 staff, Meg O’Neill opted against sparing the radical rhetoric. To the American oil an...

This article first appeared in inewsource. Sign up for their newsletters here.Two oil rigs sharply silhouetted by a golden sun plunging...

Following a recent oil spill, Mexico’s state-owned oil firm Pemex has come under fire again, particularly due to its poor health and safety...

Iranian Deputy Speaker of Parliament Ali Nikzad has asserted that Iran's current control of the Strait of Hormuz should be considered as imp...

Crude prices have hit their highest levels since 2022 following reports that the US president would be briefed on new Iran options...