The oil market is now factoring in a one in five chance of a material disruption in Gulf energy production flows, analysts at J.P. Morgan said in a research note sent to Rigzone on Monday.

By late Monday, the price of a barrel of benchmark U.S. oil had dropped 7.2% to settle at $68.51 after briefly topping $78. That brought it nearly all the way back to where it was before the ...

The UAE can export some of its crude without relying on the strait by sending 1.5 million barrels a day via a pipeline from its oil fields to the port of Fujairah on the Gulf of Oman to the south ...

DUBAI, United Arab Emirates (AP) — Oman plans to levy personal income tax as part of a broader push to move the sultanate’s economy away from reliance on hydrocarbons. The tax would be a first among ...

Oil prices set to rise after US strike on Iran raises fears of Gulf energy retaliation Traders brace for Tehran’s response as risk of attacks on shipping and infrastructure looms.

U.S. Secretary of State Marco Rubio called on China to prevent Iran from blocking the Strait of Hormuz in retaliation for U.S. airstrikes. About 20% of the world's oil passes through the Strait of ...

"Much depends on how Iran responds in the coming hours and days, but this could set us on a path towards $100 oil if Iran respond as they have previously threatened to," Kavonic said. While global ...

What the Gulf War and past supply disruptions says about how high oil prices can go Provided by Dow Jones Jun 20, 2025, 3:15:00 AM ...

Qatar has unveiled the official logo of the International Telecommunication Union’s Plenipotentiary Conference (PP-26), during a presentation by the Communications Regulatory Authority (CRA) at ...

Greenpeace said it had reviewed satellite imagery that showed a plume of oil stretching up to about 1,500 hectares (3,700 acres) from the crash site. The 23-year-old tanker ADALYNN belonged to a ...

Dubai, United Arab Emirates: Gulf Oil Middle East, one of the leading lubricant providers in the region, recently hosted its annual Distributor Convention at the Jumeirah Saadiyat Island Hotel, Abu ...

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