Global oil demand is set to contract this year as the near-closure of the Strait of Hormuz leaves nations scrambling to secure barrels from an increasingly tight pool of supply, the International ...

LONDON, April 13 (Reuters) - OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in its first ...

HONG KONG (AP) — China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technologies and renewable power, industries that ...

This is read by an automated voice. Please report any issues or inconsistencies here. Oil prices are surging amid Middle East conflict, echoing 1970s shocks. But decades of efficiency measures, ...

Oil and natural gas prices are volatile, and the current market upheaval isn't all that unusual. Exxon and Chevron are built to survive the current geopolitical conflict, as they have done so many ...

Roughly 20 per cent of the world's oil and natural gas normally flows through the Strait of Hormuz. ABC reporter Cason Ho has been following developments. Afghan calls for justice as Roberts-Smith ...

China's years-long buildup of clean energy infrastructure and crude oil reserves has left it better positioned than any other major economy to weather the disruption caused by the effective blockade ...

NEW YORK — Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to destroy Iran. The S&P 500 leaped 2.5% after ...

The global economy runs on fossil fuels, not renewable energy. The Iran war underscores the importance of oil in this regard. In the middle of February, two weeks before the war started, West Texas ...

War in Iran is pushing overseas demand for US oil, sending exports toward record levels even as practical constraints emerge. Traders and analysts say shipping bottlenecks, VLCC freight and lightering ...

One month into the war in Iran, a growing shortage of crude oil is threatening to morph into something worse: a shortage of nearly everything. The conflict in the Middle East has crimped oil and ...

The Iranian blockade of the Strait of Hormuz has shown how easy it is to for one country to turn geography into a ferocious weapon with devastating global impacts. It also reveals a truth about the ...