Chinese refineries have become hooked on cheap imports of sanctioned Iranian crude.

Tanker rates for vessels carrying refined oil products from the Middle East have surged in recent days, as the exchange of fire between Israel and Iran makes hauling fuel through the Strait of Hormuz ...

In case the Israel-Iran conflict targets oil facilities, the global economy could suffer deeply. India, which imports 85% of its oil, would be vulnerable to supply shocks ...

(Alliance News) - Stocks were called higher in London on Monday as the conflict between Israel and Iran continues.

While the damage appears limited to Iran’s domestic supply, the targeted gas processing facilities are linked to offshore oil production sites, potentially threatening broader energy flows. US crude ...

The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.

Clean-up costs exceeded $65 billion, with BP paying $20.8 billion in settlements. Gulf War Oil Spill (Persian Gulf, January 19-28, 1991): Iraqi forces deliberately released oil from Kuwait’s Sea ...

The company as it exists today was shaped by a series of transformations, notably in 1954 when the Anglo-Persian Oil Company was rebranded ... events in the last two decades: the 2010 Gulf of Mexico ...

The Deepwater Horizon is the worst accidental oil spill in human history. The worst deliberate spill occurred in the Persian Gulf in 1991. The previous August, Iraqi dictator Saddam Hussein had ...

January 1991 – During the Gulf War, Iraqi forces intentionally release 252-336 million gallons of oil into the Persian Gulf ... The Atlantic Empress spills 42.7 million gallons of oil.

It will likely lead to further escalation and the key concern, while still extreme, would be that these disruptions spill over to the Strait of Hormuz, affecting Persian Gulf oil flows. Almost a third ...

The assassination of Hamas leader Ismail Haniyeh sent the price of oil higher on Wednesday over worries in the market that ...