Last week, the Iraqi cabinet approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network.
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China has reduced oil imports since the start of the Iran war, capping global crude prices.
US commercial oil inventories are at perilously low levels amidst the ongoing conflict with Iran, posing potential supply chain risks and upward pressure on oil prices.
WTI crude futures have risen nearly 10% in three days as hopes for a quick peace deal fade.
West Texas Intermediate and Brent crude’s front-month contracts both edged lower after hitting monthly highs during Monday’s session.
There’s doubt massive tankers, once the backbone of global crude flows, will be returning in quite the same numbers to …
West Texas Intermediate and Brent crude’s front month contracts both climbed a as hopes for a peace deal became clouded …
West Texas Intermediate and Brent crude’s front-month contracts both climbed after the U.S. launched a new set of strikes on …
U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz …
Trump told reporters that the administration was in the "final stages" of negotiations with Iran, according to a pool report.
The near-standstill at the Strait of Hormuz has forced countries to get much-needed energy products via routes that were relatively …
The selloff came as the outbreak of the U.S.-Iran conflict and resulting surge in crude oil prices sent the Japanese …
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