Global oil prices spike after Iran launched strikes across the Middle East in response to attacks by the US and Israel. Source link

International shipping is said to have come to a standstill at the strait's entrance, with fears of disruption already pushing up global oil prices. Source link

During the Chávez presidency, Venezuela reclassified its reserves. Previously, there were thought to be just 80 billion barrels of extractable oil, but by 2011, its reported figure had nearly ...

The US has announced the seizure of two oil tankers: the Marinera formerly known as the Bella 1 in the North Atlantic and the Sophia in international waters near ...

The US will control sales of sanctioned Venezuelan oil "indefinitely" as it prepares to roll back restrictions on the country's crude in global markets, the White House said.Officials said ...

Russia has deployed navy assets to escort an oil tanker also being pursued by US forces across the Atlantic, CBS News, BBC's media partner in the US, reported.The ship, ...

Archie Mitchell,Business reporterandNatalie Sherman,Business reporterReutersDonald Trump has vowed to tap into Venezuela's oil reserves after seizing President Nicolás Maduro and saying the US will "run" the country until a ...

PetrofacPetrofac employs around 2,000 people in Aberdeen Thousands of jobs are set to be saved after part of energy services firm Petrofac was bought out of administration. American company ...

The US Coast Guard is in "active pursuit" of another vessel in international waters near Venezuela as tensions in the region continue to escalate.US authorities have already seized two ...

The UK's largest undeveloped oil field has revealed the full scale of its environmental impact, should it gain approval by the government.Developers of the Rosebank oil field said nearly ...

Olga Robinson & Matt MurphyBBC Verify andYaroslava KiryukhinaBBC RussianBBCUkraine has dramatically increased the number of attacks launched against Russian oil refineries in recent months, sparking fuel shortages and price ...

Conservative leader Kemi Badenoch has said her party will remove all net zero requirements on oil and gas companies drilling in the North Sea if elected.Badenoch is to formally ...