Oil-producing nations on Sunday finalised an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic.
Green groups are celebrating oil company Equinor's decision to abandon its drilling plans in the biodiverse Great Australian Bight
Russia and Belarus have reached an agreement for limited oil supplies following the decision from Moscow earlier this week to stop providing crude oil.
Khamenei told state television that the government is raising petrol prices in order to provide additional subsidies to low income families.
Prime Minister Mahdi says he will listen to the ''legitimate'' demands of protesters, but with many calling for his downfall, what is next for Iraq?
Drone strikes on key Saudi oil installations last Saturday have reduced the flow of the world's oil supplies by about five percent.
The dangerous downward spiral in the Middle East stems from the U.S. scrapping the Iran nuclear deal without a strategy in place.
The World Energy Congress, an event and a council which represents more than 150 countries, was established in London in 1924.
Yemen's Houthi rebels have claimed responsibility for drone attacks on two Saudi Aramco oil refineries in Saudi Arabia.
Greece 'will not aid' Iranian tanker after U.S. warning
The United States has made a last-ditch attempt to stop an Iranian oil tanker from leaving Gibraltar.
Yemeni tanker threatens oil spill ‘four times worse than Exxon Valdez’
The United States has warned it will bring down any Iranian drones that fly too close to its ships, following a string of incidents on the world's most vital oil shipping route.
EU foreign ministers decided to cut aid to Turkey and suspend high-level bilateral talks.
Turkey has denied it is doing anything illegal on the divided island - where a huge discovery of reserves has set off a race to tap into the resources.
A Turkish ship planning to drill for oil and gas close to Cyprus dropped anchor off the island on Monday, sparking tensions with Nicosia and the European Union.
This is the first time Europe has seized a tanker at sea despite a ban on oil shipments to Syria since 2011.
Here we break down the controversy that prompted the US to point the finger at Iran.
Following recent attacks on two oil tankers, Euronews looks into the significance of such an incident on the gateway to the global oil industry.
Iran has categorically rejected claims that the country is behind the attacks on two oil tankers yesterday - saying they are responsible for maintaining the security of the Strait of Hormuz where the incidents took place. But its version of events is strongly disputed by the U.S.
When the internationally-recognized Government of National Accord (GNA) was formed in Libya in December 2015, it was facing an enormous amount of work to restore the country’s social fabric and rebuild its devastated economic structures.
Saudi Arabia’s King Salman has called for international action to stop "escalations" in Iran following attacks on Gulf oil assets.
Turkish Minister for Foreign Affairs writes letter to EU in which he claims drilling off the coast of Cyprus is Turkey's "sovereign right"
President Donald Trump said reports the United States is preparing for war with Iran were “fake news".
Saudi Arabia said on Monday that two of its oil tankers were among vessels targeted by a “sabotage attack” near Fujairah port in the United Arab Emirates, claiming it as an aggression towards the security of global crude supplies.
The United States is expected to announce the end of waivers to countries who currently buy oil from Iran. China has responded to the US threat saying bilateral cooperation with Iran is 'in accordance with the law'.