Trump administration has vowed “maximum pressure” on Iran to disrupt the flow of its oil. Read more at straitstimes.com.

OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to ...

New U.S. sanctions targeting Iran's oil industry and oil minister have boosted oil prices, countering the negative impact of the IEA's report which indicated oversupply and reduced demand forecasts.

Brent rose to above $70 a barrel after sliding 1.5% in the prior session, and West Texas Intermediate was near $67. The White ...

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on ...

The White House imposed sanctions on Iran’s oil minister and on more companies and vessels used in the transport of the OPEC ...

Ahead of his meeting with Israeli Prime Minister Benjamin Netanyahu, Trump signed the presidential memorandum reimposing Washington's tough policy on Iran that was practiced throughout his first term ...

EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...

ERBIL, Kurdistan Region - Iraq is on the brink of a “serious energy crisis” due to the lack of viable alternatives to Iranian ...

Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish ...

Trump has renewed pressure on OPEC to bring down prices ... However, his plans to cut Iran's oil exports to zero and the cancellation last week of a Chevron license to operate in Venezuela ...

Nigeria exceeded its assigned OPEC production quota in February, producing 70,000 barrels per day more as the organization ...