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Global Oil Industry

Global Oil Industry

Ships and boats in the Strait of Hormuz, Musandam, Oman, on 22 April 2026. Photo: REUTERS/Stringer/File

Oil down 2% after US, Iran sign ceasefire agreement

The 14-point memorandum begins a 60-day negotiation period during which Iran will allow toll-free passage through the Strait of Hormuz

Emptier than we thought.Photographer: SeongJoon Cho/Bloomberg

Oil industry elite hits Singapore to debate crude’s next twist

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES

Saudi Arabia to take deterrent action to protect oil facilities

Rosneft intends to develop large oil reserves in the northern Ural region's tundra.Ruslan Shamukov / TASS

Oil hits 13-month highs as market rebalances

A fuel refilling station of Turkey’s Petrol Ofisi, which is used by its Dutch owner Vitol to procure second-hand cars and sell them while safely transitioning into a green future. Photo: Collected

The world’s biggest oil trader wants to buy your used car

Representational image. Photo: Collected

Oil industry placing risky bet on plastics: report

Photo: Reuters

Oil falls as US posts surprise rise in crude inventories

A general view of the gas field in Basra , Iraq, August 26, 2017. Picture taken August 26, 2017. REUTERS/Essam Al-Sudani

Iraq increases oil exports in July, still pumps above OPEC+ target

Iraq committed to improving compliance with OPEC+ cuts

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics

Picture: Reuters

Oil prices steady after Navarro walks back from market-jolting comments

Picture: Reuters

Oil prices hit by record US crude inventories, bearish Fed

Morgan Stanley flags risk oil price rally will lead to a fall