A potential disruption of more than 15 million bpd from the Middle East cannot be replaced by U.S. shale. IEA: U.S. shale could add only 240,000 bpd initially and about 400,000 bpd later in the year.

SINGAPORE, March 4 (Reuters) - Asian refiners dependent on Middle East crude are expected to cut output soon because they are unable to get prompt replacement cargoes after the ‌U.S.-Iran war brought ...

Oil prices are leaping Monday with worries that the Iran war will clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, are swinging between sharp losses and a tiny gain ...

The U.S. shale patch cannot and will not come to the rescue of a potentially catastrophic loss of crude supply from the Middle East as the war in Iran set fire to the world’s most important ...

SINGAPORE: Oil prices surged more than 8 per cent to their highest in months on Monday (Mar 2) as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from ...

The price of key petroleum fuels soared on Monday as markets opened after the Iran conflict escalated over the weekend, with the jump in diesel futures prices outpacing the surge in crude prices as ...

US shale drillers cannot increase production quickly enough to solve an oil supply crisis caused by Donald Trump’s war in Iran, industry bosses have warned, saying a big rise in output would take ...

Investing.com -- Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 11:23 ET (16:23 GMT), Brent oil ...

NEW YORK (AP) — Oil prices are leaping Monday with worries that war in the Middle East will clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, are swinging between ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. ANKARA, TURKIYE - JUNE 17: An infographic titled "Strait of ...

SINGAPORE, March 3 (Reuters) - Zhejiang Petrochemical ‌Corp, a major Chinese refiner backed by Saudi Aramco (2223.SE), opens new tab, is shutting a 200,000-barrel-per-day unit, bringing forward ...

NEW YORK (AP) — Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain ...