Two oil tankers near the strategic Strait of Hormuz have been reportedly attacked. Photograph: IRIB News Agency via AP

Opec said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting furt(...)

A helicopter hovers with an oil tanker in the background as the USS John C Stennis makes its way to the Gulf through the Strait of Hormuz, December 21st, 2018. File photograph: Hamad I Mohammed/Reuters

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an att(...)

Mike Pompeo, US secretary of state. Photographer: Alex Wroblewski/Bloomberg

Oil extended gains after leaping to a six-month high on Monday as the US said it’ll no longer give any buyer of Iranian crude a waiver from sanctions (...)

 Vogtle nuclear power plans near Waynesboro, Georgia in the US. A Democrat-led committee says that in the rush to transfer technology to the Saudis Trump aides may have violated regulations. Photograph:  Pallava Bagla/Corbis via Getty Images

White House officials have been pushing a plan to sell US nuclear power technology to Saudi Arabia in potential defiance of legal restrictions and reg(...)

Steam rising from the cooling towers of a coal-fired thermal power plant in Tuzla, Bosnia and Herzegovina. Photograph: Fehim Demir/EPA

The UN climate talks have received a much-needed injection as they enter their final hours, with an alliance of 27 countries promising to step up effo(...)

Saudi Crown Prince Mohammed bin Salman aka MBS: Since his father became king in early 2015, MBS has made powerful enemies. Photograph: Fayez Nureldine/AFP/Getty Images

Saudi Arabia’s decision toshelve the listing of the ’s national oil company Aramco on domestic and global share markets could lead to regime chan(...)

Saudi Arabia’s crown prince announced the plan to sell about 5 per cent of Aramco in 2016, predicting the sale would value the whole company at $2 trillion (€1.72 trillion) or more.

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, f(...)

Amin Nasser, chief executive of Aramco: “Aramco is ready for the initial offer and the timing remains subject to the state’s decision,” he said on Friday.  Photograph: Hamad I Mohammed/Reuters

Saudi Aramco signalled another potential delay for the world’s largest initial public offering after it started talks this week to buy a stake in a lo(...)

The rise in price  follows 16 months of supply cuts by Opec and Russia that have removed at least 1.8 million barrels a day from the market. Photograph: Regis Duvignau/Reuters

Oil prices climbed towards $75 (€61) a barrel on Thursday, hitting the highest level since 2014 and taking the rally over the past year to almost 50 p(...)

Amin Nasser, chief executive officer of Saudi Arabian Oil Co. (Aramco), speaks at an energy market conference in Houston, Texas last week. A planned stock market flotation of Aramco now looks likely to be delayed until 2019 at least.  Photograph:  Carter Smith/Bloomberg

Investors waiting for the chance to buy a piece of Aramco, Saudi Arabia’s state-owned oil behemoth, will probably have to wait. Saudi officials are re(...)

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