The Strait of Hormuz blockage is the largest oil supply disruption in history, cutting off one-fifth of global oil and gas trade — but a far more diverse energy mix, led by solar, is absorbing the ...

NEW YORK/PARIS, March 31 (Reuters) - Global equity and bond markets jumped on Tuesday on speculation of a potential de-escalation in the Middle East conflict that has driven the biggest one-month ...

ExxonMobil SVP Neil Chapman warns crude oil could surge to $160 per barrel as global inventories near critical lows amid ...

Even with maximum emergency measures, the world could face a supply deficit exceeding 10 million barrels per day. Strategic reserves and alternative pipelines provide only temporary and partial relief ...

Structural underinvestment left global oil supply one shock away from a crisis, and the Hormuz blockage is that shock. With no quick fix to supply constraints, high and volatile oil prices aren’t ...

Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on markets, ...

US investment bank Goldman Sachs says we are facing the “worst oil crisis in history” as a result of the shut down of Gulf state hydrocarbon exports. A Goldman Sachs report represents an upgrade in ...

LONDON, May 13 (Reuters) - Global oil supply will fall short of ‌total demand this year as the Iran war wreaks havoc on Middle East oil production and drains inventories at an unprecedented pace, the ...

Global oil inventories are dwindling at a faster rate than previously expected as the conflict in the Middle East drags on, the U.S. Energy Information Administration said Tuesday in revising its ...

The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has ...

The International Energy Agency on Tuesday projected that global oil demand will see its sharpest decline since the Covid-19 pandemic, as the largest disruption to global oil supplies stemming from ...

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass.