The U.S. has exported over 280 million oil barrels over nine weeks, drawing down strategic reserves. Yet oil and gas prices remained elevated.

Higher exports push up domestic fuel prices, port capacity is maxed out, and structurally, U.S. supply alone cannot close the global gap.

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.

Donald Trump wants China to send tankers to the US amid the Iran blockade. With 20 million barrels per day halted at the ...

HOUSTON, April 20 (Reuters) - The strategic global oil inventory stood at around 2.5 billion barrels at the end of last year, the U.S. Energy Information Administration said on Monday. The agency ...

Tight oil supplies and high prices are likely to lead to a drop in global crude demand this year, according to the IEA. Since the start of the Iran conflict, investors around the world have been ...

On paper, Venezuela should be an oil-churning powerhouse. It sits atop an estimated 303 billion barrels, which translates to about 17 per cent of the world's total known oil reserves. "From the time ...

LONDON, May 1 (Reuters Breakingviews) - Right now, oil investors’ main obsession is excessively high prices. Fair enough: the effective closure of the Strait of Hormuz since early March has sent Brent ...