Fraser reaffirmed, "We still expect capital investments attributable to Valero for 2025 to be approximately $2 billion, which includes expenditures for turnarounds, catalysts, regulatory compliance ...

India stood firm against U.S threats and firmly communicated that it would proceed with the Russian S-400 air defense system ...

In September 2008, after hurricanes Gustav and Ike decimated Gulf communities, the DOE authorized an SPR exchange of nearly 5 ...

If Iranian oil firms rushed to pump crude in preparation for a possible tightening of U.S. sanctions, then they were in for a treat: On June 24, U.S. President Donald Trump posted on Truth Social ...

Iran could retaliate against the U.S. strikes on its nuclear facilities by shutting down the Strait of Hormuz, a move that would likely cause oil and gas prices to surge.

JPMorgan says there's about a one in five chance that disruptions to oil production in the Persian Gulf send prices spiraling higher.

The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in Australia.

Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.

The European Commission has compiled a new package of sanctions targeting Russia's energy sector, including a proposal to lower the oil cap on Russian oil exports and banning future use of the ...

India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said.

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.