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NEW YORK, April 27 (Reuters) - Oil prices climbed about 3% to a two-week high on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, ...

The US naval blockade of Iranian ports and the Strait of Hormuz, in place since April 13, has raised concerns that Iran could run out of crude oil storage capacity and be forced to curb production.

LONDON, April 28 - The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday. The Organization of the Petroleum Exporting ...

Meaghan is an editor and writer who also has experience practicing holistic medicine as an acupuncturist and herbalist. She's passionate about helping individuals live full, healthy and happy lives at ...

Doug Wintemute is a staff writer for Forbes Advisor. After completing his master’s in English at York University, he began his writing career in the higher education space. Over the past decade, Doug ...

Iran said on Tuesday that the United States was no longer able to "dictate" what other countries do, as Washington weighed a new proposal from Tehran on ending the Middle East war. "The United States ...

The United Arab Emirates said Tuesday it plans to increase energy production as part of its exit from the Organization of the Petroleum Exporting Countries on May 1. More supply should, in theory, ...

The UAE's exit from OPEC will undermine the cartel's ability to influence the oil market. This is because the UAE is second only to Saudi Arabia when it comes to spare production capacity, a crucial ...

It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings aren't immune when oil shipments from the Middle East ...

The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing ...