The largest oil producers in the Middle East Gulf have cut their combined output by over 5 million barrels per day as the halt of tanker traffic in the Strait of Hormuz chokes off crude exports.

ExxonMobil’s board has unanimously recommended relocating the company’s legal domicile from New Jersey to Texas, aligning its legal base with its operational headquarters.

Oil prices plunged nearly 10% after President Trump suggested the war with Iran could end soon, easing fears of prolonged ...

With tensions involving Iran and the U.S. ongoing, Saudi Arabia’s ability to stabilize global oil markets through higher output may be limited ...

Oil prices pulled back sharply for the second day running on Tuesday after U.S. President Trump signaled that the Middle East war is nearing a conclusion, easing fears of prolonged supply disruption, ...

Middle Eastern producers like Saudi Aramco saw stocks jump amid production cuts and Strait of Hormuz disruptions, while U.S.

Following conflict in the Middle East and a functional shutdown of the Strait of Hormuz, West Texas Intermediate (WTI) crude oil has soared past $110 per barrel, defying prior forecasts of a 2026 ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.7 million barrels in the week ending March 6 ...

The U.S. Energy Information Administration sharply revised its oil price outlook in its latest Short-Term Energy Outlook (STEO) based on the growing impact of the Middle East conflict and the near sta ...

China's new 15th Five-Year Plan marks a cautious turn in its climate policy, watering down emissions targets and ending energy intensity goals while continuing renewable expansion alongside ...

Global energy leaders are gathering to decide whether to release emergency oil reserves as production and export disruptions tied to the Middle East conflict continue to strain global markets. The ...

Iran threatened to halt all Middle Eastern oil exports until U.S. and Israeli attacks stop, raising the risk of renewed oil price spikes despite a recent market selloff triggered by President Trump’s ...