Freight now accounts for roughly 20% of crude cargo costs, turning the VLCC shortage into an increasingly expensive squeeze on Asian oil buyers.

Record-high U.S. diesel prices have triggered a debate over export restrictions as refinery disruptions tighten global fuel ...

Global biofuel production could surge nearly 70% by 2030 as countries raise blending mandates to improve energy security amid ...

A new IEA report finds the Hormuz-driven energy crisis has put 35% global electrification by 2035 within reach, framing a key ...

Record diesel prices are being driven primarily by a global shortage of refining capacity and diesel supply rather than record crude oil prices.

Yahya Rahim Safavi, an adviser to Iran’s Supreme Leader Mojtaba Khamenei, warned Thursday of another significant expansion of the war if the Islamic Republic suffers an attack again.

A prolonged Iran war is creating multiple profit channels across energy, including higher crude prices, record refining ...

China could reduce refined fuel exports in October as depleted domestic inventories and stronger seasonal demand prompt ...

The US invited Putin to December's G20 summit in Miami while pressing Russia and Ukraine to halt strikes on each other's ...

Italy has approved a path back to nuclear power nearly 40 years after abandoning it, with the government planning a regulatory framework for new reactors within 12 months.

Saudi Arabia’s effort to bypass the Strait of Hormuz is being squeezed by soaring tanker insurance and shipping costs in the Red Sea.

Vitol has bought at least 25 million barrels of discounted Iraqi crude as Baghdad uses aggressive pricing to overcome severe shipping constraints in the Strait of Hormuz.