Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline

Warning from Goldman Sachs comes as crude shipping through strait of Hormuz falls further than bank thought

The conflict has already led to the suspension of almost a fifth of global crude oil and natural gas supply.

RIYADH: Oil prices climbed above $100 a barrel on March 9 for the first time since 2022 as conflict between the US-Israel alliance and Iran continued, but analysts believe more…

The global oil market will need to balance by destroying demand through sharply rising oil prices, according to Rapidan Energy.

DUBAI: Saudi Arabia’s Aramco , the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues…

Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up supplies

RIYADH: The Strait of Hormuz is one of the world’s most important maritime routes for the energy sector, with roughly 20 million barrels of oil passing through it daily, or about…

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets