Oil prices will be stuck at high levels for a while as the supply shock from the Iran war has reached a "critical breaking ...

Global oil markets are facing crisis moments, Paul Sankey, president of Sankey Research, warned. He did not mince words when ...

Economist Dr. Will's insights provide a clear and concise explanation of the economic data and its implications ...

The closure of the Strait of Hormuz has created a daily supply deficit of around 15 million barrels of oil, triggering fuel shortages in countries that rely heavily on Middle Eastern oil.

As a narrow waterway between Oman and Iran, the Strait of Hormuz serves as the world's most important oil transit choke point, typically facilitating the passage of 20 million barrels of oil per ...

The latest global oil shortage has exposed Bangladesh’s fragile energy security and economic resilience. The crisis is not just external, but a reflection of long-standing structural weaknesses now la ...

Rory Johnston, Founder of Commodity Context, says the extreme backwardation in oil fuel contracts is due to the contracts not ...

DHL Group’s chief executive officer warned that the global economy risks hitting a “tipping point” if the shortfall in oil ...

If the Strait of Hormuz completely reopens, it still might not be enough to restart the economies in the Persian Gulf. Many ...

India Palm Oil Crisis: Indonesia, the world's largest palm oil producer, will now use it to make diesel instead of exporting ...

The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on ...

The energy shock already rippling through Asia is set to come for countries in Europe and Africa that also rely on imports from the Middle East.