Make this your preferred source to get more updates from this publisher on Google. The Philippines cannot simply keep buying large volumes of oil to build up reserves due to limited storage capacity, ...

Structural underinvestment left global oil supply one shock away from a crisis, and the Hormuz blockage is that shock. With ...

The U.S. war on Iran set up Russia’s economy for a major rescue when oil prices soared after the closure of the Strait of Hormuz. But if President Vladimir Putin was expecting a huge windfall, that ...

CAIRO – Saudi Arabia has restored full oil pumping capacity through the East-West Pipeline to about seven million barrels per day, it said on April 12, days after providing an assessment of damage on ...

U.S. crude oil surged above $100 earlier as the market realized that Iran is limiting traffic through the Strait of Hormuz despite the ceasefire agreement with the U.S. The rally eased after Prime ...

With global oil supply under pressure from the U.S.-Iran war, governments may need to bring back tools many assume belong to the past: rationing and price controls. Some countries are already moving ...

Unless you own an electric vehicle, routine oil changes are part of keeping your car’s engine in good running condition. You don’t necessarily have to head to your dealership or local mechanic to get ...

Jet fuel prices have risen faster than oil since the Iran war started, S&P Global Platts data shows. Airlines are responding to surging costs by increasing fares and bag fees. US carriers are more ...

President Donald Trump said "a whole civilization will die tonight, never to be brought back again." "I don't want that to happen, but it probably will," Trump said in a social media post. Trump's ...

Around 600 million Africans still lack access to electricity. Financing shortages are preventing viable energy projects from moving forward. Africa’s vast clean energy potential remains largely ...

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are ...

The oil supply shock from the Iran war is directly impacting what Americans pay to fill up their cars, with gasoline prices up an average of roughly 60 cents since hostilities erupted on February 28.