Ukrainian drone strikes have destroyed Russia's capacity to export approximately 2 million barrels of oil per day, cutting 40 percent of Moscow's potential energy revenue according to Reuters.

US has total oil products production equal to Saudi Arabia and Russia combined. The US exported over 5 million barrels of oil per day last week, a record high, amid the Iran War. In aggregate, the US ...

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(Bloomberg) -- While investors focused on the fragile Iranian ceasefire last week, a desperate scramble for cargoes has been playing out in the oil market, as traders and refiners scour the globe for ...

Iran Calls US Naval Blockade At Strait Of Hormuz Ceasefire Violation, Rejects Second Round Of Talks The fragile ceasefire between Iran and the United States is now under serious threat. Iran has ...

Iran has only two to eight weeks left before it must curb oil production, risking long-term damage to its oil fields, experts said. In the face of the US blockade on Iranian ports, Tehran is running ...

Korea has secured 273 million barrels of crude oil by the end of this year from four nations in the Middle East, presidential chief of staff Kang Hoon-sik said Wednesday. Kang, who returned home from ...

In 2024, former owner Gregg Ritz purchased Thompson/Center Arms. Now the company has introduced a modern take on its classic ...

HOUSTON, April 15 (Reuters) - The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to a record high to meet demand from Asian and ...

China's March crude imports unaffected by the Iran war Natural gas imports hit the lowest level since October 2022 April crude imports are expected to remain tight, probably forcing inventory draws, ...

President Trump is pitching a U.S. naval blockade of the Strait of Hormuz as an opportunity for American oil-and-gas exporters. The squeeze on supplies is a bad omen for prices at the pump. The U.S.