SPR levels dropped to a 40-year low of 347mln barrels in July 2023 after Trump's predecessor Joe Biden carried out several SPR sales to ease rising oil prices ...

Moving hot oil across Arctic terrain was an unprecedented challenge following the discovery of America’s largest oil field in 1969 in Prudhoe Bay, Alaska.

The latest U.S. sanctions on Iran come as members of the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed over the weekend to lift oil production by ...

The Trump administration hasn't acted "immediately" to refill the reserve, as Trump said he would. But a fast refill is being prevented by maintenance concerns, and funding for both repairs and new ...

Past conflicts involving oil-producing nations in West Asia have significantly impacted global crude-oil prices. However, the recent ongoing hostility between Israel and Iran has been less significant ...

Investors are rushing to sell their stashes of American currency over concerns that Trump's economic policies threaten the ...

Future conflicts may be decoupled from oil shocks, giving Western powers more freedom to engage politically in the region without immediate energy security concerns.

Who would have thought that oil would become the most powerful impetus for the development of wind energy in the 20th century? More precisely, the oil embargo imposed by the five OPEC Arab member ...

The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and ...

Iran's top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, after parliament reportedly backed the measure in response to ...

Financial markets and policymakers are complacent about developments in the Middle East and their effects on energy markets. The market price for oil for future ...