Commercial oil inventories are being drawn down at an unusually rapid pace to compensate for supply losses linked to the closure of the Strait of Hormuz. The world could soon approach operational ...

Oil markets remain focused on hopes for a U.S.-Iran deal, but the physical market is facing a severe supply crunch. Global oil inventories are being depleted at a record pace, as governments draw down ...

The oil industry is warning the Trump administration that a Hormuz-sized hole in the world’s petroleum market is steadily draining inventories to levels that are likely to send global energy prices ...

World oil prices surged between the US and Iran rattled investors, while a selloff in chipmakers sent South Korea's stock market plunging.