A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

SINGAPORE - Middle East crude oil benchmark premiums surged on Monday to their highest since October 2023, propelled by strong demand from Asia. Chinese and Indian refiners are scouring the globe for ...

Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

NEW DELHI/SINGAPORE, Jan 12 (Reuters) - Chinese and Indian refiners will source more oil from the Middle East, Africa and the ... elect Donald Trump lifted the embargo and also whether China ...

Over the next 12 months, the price cap and embargo had a significant impact on revenues, and forced Russia to find new ...

The embargo, which began Jan. 4 ... in order to become less dependent on British and American oil companies. The Middle East supplies about one-third of France’s oil needs and France is irked ...

BEIJING: Two giants in China’s oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years, transforming global cargo flows and puzzling oil traders ...

KOC last year unveiled a giant oil and gas discovery within its Al-Nokhatha offshore field, east of the Kuwaiti island of Failaka, Upstream reported. Preliminary estimates at Al-Nokhatha suggested ...

SINGAPORE/NEW DELHI (Reuters) -Indian Oil Corp (IOC), the country's top refiner ... the second-half of February and the first-half of March. Spot premiums for Middle East crude extended their rally on ...

Russian oil ... embargo and also whether China acknowledged the sanctions. The new sanctions will push China and India back into the compliant oil market to seek more supply from the Middle East ...