Iran is the world's ninth-biggest oil-producing country, with output of about 3.3 million barrels per day.

Oil prices surged on Monday following US airstrikes on Iran’s nuclear sites, raising global fears of a wider conflict that could disrupt energy...

More than 20mn barrels of oil flows through the Strait of Hormuz every day. The total maritime oil trade across the world is a little under 76mn...

More than 20mn barrels of oil flows through the Strait of Hormuz every day. The total maritime oil trade across the world is a little under 76mn...

ENERGY and Energy Industries Minister Dr Roodal Moonilal said Trinidad and Tobago stands to benefit from the conflict between the US and Iran, which...

ENERGY and Energy Industries Minister Dr Roodal Moonilal said Trinidad and Tobago stands to benefit from the conflict between the US and Iran, which...

Faced with the prospect of continuing Israeli airstrikes and further American involvement, Iran’s parliament has reportedly approved plans to close...

Only three months after coming on stream Johan Castberg is producing at peak capacity of 220,000 barrels of oil per […]

Despite fears of rising prices due to tensions, oil prices fell after recent Iranian missile strikes, demonstrating a shift in market dynamics.

Despite fears of rising prices due to tensions, oil prices fell after recent Iranian missile strikes, demonstrating a shift in market dynamics.