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Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.

President Ferdinand "Bongbong" Marcos Jr. on Wednesday said that the government is preparing to roll out fuel subsidies in response to the expected ...

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Asian shares are mixed and oil prices have dropped Wednesday as investors calmed from the jitters of conflict in the Middle ...

Crude oil prices continue to face upward pressure as the conflict between Israel and Iran continues, raising concerns about oil supply disruptions from the Middle East.

An accidental collision between two oil tankers in the Sea of Oman, indicates that the incident was caused by a navigational misjudgment by one of the vessels, the UAE's energy ministry said on ...

While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are ...

Business entities using the Mombasa port are holding onto hope that the Israel-Iran war will not escalate into a damaging ...

Oil prices stabilised Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict ...

Iran, OPEC’s third-largest producer, pumps around 3.3 million barrels per day (bpd). While prolonged conflict could curb its ...

Several days have passed since the direct military confrontation between the Islamic Republic of Iran and the Israeli regime ...