At this time oil was also discovered in the Middle East. Soon other reserves were found across the region. Middle Eastern nations lacked the technology and knowledge to extract oil. This led to ...

Oil futures fell Friday, booking weekly and monthly losses after a cease-fire this week between Israel and Iran-backed ...

Tyson Seeliger, VP of Eastern Hemisphere Operations at Nabors, highlights the company’s recent successes, acquisitions, and ...

China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain ...

Japan’s dependence on oil from the Middle East has risen to a record level at a time when global oil markets are haunted by Russia’s war in Ukraine and the Israel-Hamas conflict. Today ...

WTI oil is mostly flat as traders focus on the situation in the Middle East. Israel and Hezbollah accuse each other of ceasefire violation. If WTI oil settles above the $69.00 level, it will head ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives. “The conflict in the Middle ...

Image by Artit_Wongpradu via iStock Oil dropped as light pre-holiday trading exacerbated signs of diminishing risks from the conflict in the Middle East. West Texas Intermediate shed 3.2% to ...

Oil prices rose on Tuesday after falling more than $2 a barrel ... Market reaction to the ceasefire news was "over the top" as the broader Middle East conflict has "never actually disrupted supplies ...