Oil prices have surged amid fears of a broadening conflict in the Middle East, with the Australian share market trading lower. See how the day unfolded on the markets blog.
OPEC maintains forecast for strong oil demand growth, raising economic growth estimates. Oil prices remained stable on Wednesday, hovering near their highest levels in seven weeks. The market is ...
Iran's Oil Minister Mohsen Paknejad landed on Kharg island, the oil ministry's news website Shana reported on Sunday, amid concerns that Israel could target Iran's largest oil terminal there.
The authorities concerned suspect the back-to-back fires on two oil tankers of Bangladesh Shipping Corporation (BSC) at the Chattogram port could be acts of sabotage to harm the country’s energy ...