Oil crisis

Oil crisis

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS

Oil jumps more than 2% after US attack on Iran's Larak island

Brent crude futures climbed $2.51, or 2.85%, to $90.61 a barrel as of 2:41am ​GMT, while US West Texas Intermediate crude was at $85.53, up $2.13, or 2.55%.

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Can the world survive without Gulf oil?

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil falls over 1% on reports of potential US-Iran ceasefire deal

Luojiashan tanker sits anchored in Muscat, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. REUTERS/Benoit Tessier/File Photo

Iran can go up to two months without oil exports before cutting output, analysts say

Debapriya Bhattacharya. Sketch: TBS

US trade deal limits Bangladesh's access to cheaper fuel options: Debapriya

Long queues of motorcycles on a road waiting for oil at a fuel pump in Satkhira on Monday. Photo: TBS

Fuel shortage in Satkhira sparks long queues; man jailed for illegal sale

Representational Image. Photo: Collected

Panic at the pump: How Israel-Hamas conflict prompts revisit to global oil crisis

Photo: Bloomberg

Davos 2023: Big oil comes in from the cold on energy transition

Emptier than we thought.Photographer: SeongJoon Cho/Bloomberg

We told big oil not to invest. Don't complain now

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Photo: REUTERS

World is in its 'first truly global energy crisis': IEA's Birol

FILE PHOTO: Russian President Vladimir Putin attends a meeting with members of the Security Council via a video link in Saint Petersburg, Russia, October 10, 2022. Sputnik/Gavriil Grigorov/Kremlin via REUTERS

Putin blames Europe for energy crisis as EU works on price cap

OPEC+ ministers defend their production cut.Photographer: Akos Stiller/Bloomberg

Oil production cut could be 10% real, 90% illusion

Is the sun setting on oil?Photographer: Jason Alden/Bloomberg

Oil traders regain their swagger with world desperate for fuel