Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a Reuters poll showed on Friday, as markets gear up for a meeting of OPEC and its allies this...

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Yemen’s Houthis conducted six operations targeting a U.S. aircraft carrier, a U.S. destroyer and three vessels in the Red Sea and the Indian Ocean, the Iranian-backed group’s military spokesperson Yahya Saree said on Saturday. The Houthi militia, which controls the...

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The U.S. military said on Friday Yemen’s Houthis launched two anti-ship ballistic missiles and one drone over the Gulf of Aden and four drones over the Red Sea. Three of the drones fired over the Red Sea were destroyed by U.S. forces and one crashed into the sea, the...

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Main Navigation How do electric vehicles affect global oil demand? With the penetration of electric vehicles in new car sales skyrocketing in several countries, peak oil demand the point in time when the highest level of global crude demand is reached  is now forecast...

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According to Houthi officials, the airstrikes killed at least 16 people and wounded 35. The UK and the US struck 13 Houthi targets in several locations in Yemen on Thursday in response to a recent surge in attacks by the Iran-backed militia group on ships in the Red...

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Asia’s refining margin for 380-cst High Sulphur Fuel Oil (HSFO) closed at a nine-month high on the last day of May, data showed, supported by tight incoming supplies this month. The prompt-month crack was pegged at a discount of $3.85 a barrel on Friday, based on LSEG...

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