Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

The United States has imposed new sanctions on individuals and entities facilitating the sale of Iranian oil to China, aiming ...

The Iranian military has the capability to blockade the Strait of Hormuz if necessary, says Iran's naval commander.

The bloc will be key in “filling an Iranian-shaped hole in global oil supply” by sticking to a plan to begin unwinding 2.2m ...

Under Trump's orders, the U.S. has reimposed sanctions aimed at crippling Iran's economy, and their effects are already being ...

At 1000 GMT, the rouble was up 0.8% at 95.90 against the dollar, according to data from the over-the-counter market ...

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable ...

The real-time price of Brent crude oil is at $75.41 per barrel, and the price of WTI crude oil is at $71.71 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...