Browsing: oil

Oil markets are facing the “largest supply disruption in history” as the war in Iran continues to block tankers from shipping millions of barrels of crude…

new video loaded: Why Does Oil Matter So Much to the Global Economy?The war in the Middle East has sent oil and gas prices soaring. Our…

Closing postTime to recapOil prices have jumped again after a statement from Iran’s new leader said the crucial Strait of Hormuz should remain closed.Brent crude has…

March 12, 20262 min read Add Us On GoogleAdd SciAmWar in Iran triggers an unprecedented disruption in global oilThe conflict in the Middle East is causing…

Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target but the export terminal has so…

The International Energy Agency has ordered the largest release of government oil reserves in its history to help calm the oil price shock triggered by the…

When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump announced plans for the…

Saudi Arabia’s state oil company has warned of “catastrophic consequences” for the world’s oil markets if the US-Israeli war with Iran continues to block shipping in…

Saudi Aramco will be able to export 70% of normal crude shipments ‘within days’President and CEO of Saudi Aramco, Amin H. Nasser, speaks during the Future…