Despite some of the West’s toughest sanctions, Iran has built a roaring global trade for its oil. It relies on a shadow fleet of tankers that conceal their activities to skirt sanctions, and willing ...

WASHINGTON (NEXSTAR) – The price of crude oil stabilized on Monday after Iran’s limited retaliation against U.S. strikes on Iran’s nuclear site and hopes Iran doesn’t disrupt the global flow of oil.

Western sanctions on some oil producers, like Iran, Russia and Venezuela, have caused a growing number of oil tankers to “go dark.” That is, to shut off the tracking system that could alert ...

The Strait of Hormuz is identified as one of the world's most critical oil chokepoints, with a staggering volume of oil passing through it annually. A potential closure of the Strait of Hormuz could ...

Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move, which could block $1 billion in oil shipments ...

Saudi Aramco, the world’s largest oil exporter, expects global oil demand to grow by a steady 1.3 million barrels per day (bpd) this year compared to 2024, the chief executive of the biggest oil firm ...

It was a rare day of good news for Britain’s beleaguered oil giant. On August 5th BP not only announced a quarterly profit of $2.4bn on its preferred measure, a third higher than analysts had expected ...

Mike Wirth, who has seen many booms and busts over the more than 40 years he has been with the energy giant, said that “when the world stops using oil and gas, we’ll stop looking for it.” By Jordyn ...

The story shows the journeys of tankers carrying Iranian crude oil and the methods they use to avoid detection. They can forge documents, change their names, or hide their location, all while ...