Brent crude surged above $108 a barrel on Sept. 14 as an attack on a merchant vessel in the Strait of Hormuz and the shutdown of Saudi Arabia’s key East-West Pipeline intensified concerns that critical Middle East energy routes are becoming increasingly vulnerable.
U.S. President Donald Trump has announced an agreement giving the United States majority control over more than 65 billion barrels of Venezuela’s proven oil reserves, establishing a potentially far-reaching U.S. role in the country’s energy sector.
Brent crude surged above $105 per barrel this week as escalating tensions between the United States and Iran disrupted traffic through the Strait of Hormuz, a critical global oil route.
The benchmark settled at $105.07 on Thursday and held near...
The United States has unveiled its most substantial economic measures against Russia since President Donald Trump returned to office in January, targeting the country's two largest oil companies, Rosneft and Lukoil.
A massive explosion and fire ripped through Iran’s largest commercial port, Shahid Rajaee in Bandar Abbas, on Saturday, leaving at least eight people dead and over 700 injured.
Türkiye and Pakistan have signed a milestone agreement to jointly pursue offshore oil and gas exploration in Pakistani waters, marking a significant step in expanding Ankara’s global energy footprint and strengthening bilateral cooperation between the two allied nations.
The accord...
The leaders of Scotland, Wales and Northern Ireland have signed a joint memorandum calling for constitutional change, asserting their nations' right to determine their own futures.
