Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

The rest of the maritime world oil goes through the Danish Straits (3.3 million bpd)—mostly Russian crude for Europe—and the Panama Canal, which is the smallest of the seven, transporting ...

Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore production which is expected to take the lead.

Ras Tanura, the largest port in the world’s top crude oil exporter, Saudi Arabia, has the capacity to ship 6.5 million bpd of crude, which is equivalent to 7% of the volume of global demand for oil.

The global oil map is being redrawn as the long-run impact of western sanctions channels more barrels from Russia to Asia’s largest economies, with China also taking crude from Iran and Venezuela.

The Crude Oil Extractor can only be built and placed over an active oil field. Oil fields are primarily located on the new Sakurajima Island, so you'll likely have to establish a new base there if ...

According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the ...

Multiple states bordering Canada could feel the greatest impact of a 35 percent tariff on Canadian products starting August 1.

The U.S. produces several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. But which state produces the most?

Crude oil, in particular, is a pretty useful substance. Around the world, just over 95 million barrels of the stuff are used every single day, according to Statista , and by 2026, that figure ...

What is the current oil price today? WTI futures traded at $71.53 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 2.60%. Brent futures traded at $75.41/bbl, an increase of 0.13% ...

Every major economy around the world is fueled by oil, and a lot of them run on oil produced by OPEC. In its "Annual Statistical Bulletin," the cartel shared a map tracking OPEC's crude and ...