The Strait of Hormuz remains closed as the oil market hopes the U.S. and Iran will strike a deal that could restore energy shipments.

Shell CEO Wael Sawan joins 'Money Movers' to discuss the company's latest earnings results, oil supply amid the Iran war, and ...

Earnings more than doubled—helped by oil trading and higher prices—but the energy major warned of lower production, and ...

The global oil market has faced a supply shock of high magnitude. Gas prices have spiked, and ordinary drivers feel it every ...

About 20% of the world's oil and natural gas is unable to pass through the Persian Gulf, forcing countries including Iraq, Kuwait and Qatar to shut down production and pushing customers — particularly ...

The move aligns with INEOS’ current stakes in Appomattox, Rydberg, the recent Nashville discovery and the Mattox pipeline.

DUBAI - The oil and liquefied natural gas (LNG) shortages caused by the blockade of the Strait of Hormuz are likely to drag ...