Crude futures notched back-to-back gains on Thursday, with prices finding support from growing tensions in the Middle East that raise the risk of supply disruptions in the oil-rich region.

Proposed yard will support offshore projects in Saudi Arabia with local fabrication and engineering services led by COOEC ...

Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin discussed moves to ...

(Bloomberg) -- Oil prices in the Middle East tumbled as the prospect of higher supplies from OPEC+ sparked a selloff in the region’s crudes. The cost of Oman crude on the Gulf Mercantile ...

Libyan forces guarding oil facilities in the country announced on Sunday the closure of oil fields in a dispute over pay. "We will unfortunately close all oil facilities," the Petroleum Facilities ...

BEIJING: Two giants in China’s oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years, transforming global cargo flows and puzzling oil traders ...

Ali Mohammadi / Bloomberg / Getty Images Crude oil gained as much as 5% Tuesday as tensions escalated in the Middle East. Reports of Iran firing rockets towards Israel sparked concerns around ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Japan’s dependence on oil from the Middle East has risen to a record level at a time when global oil markets are haunted by Russia’s war in Ukraine and the Israel-Hamas conflict. Today ...