Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling up storage tanks, according to a person familiar with the matter.

Shipments continue to be blocked, and Middle East oil producers are running out of storage. Read more at straitstimes.com.

The Iran war has put at risk some of the world's most critical oil and gas infrastructure — the pipelines, refineries, and ...

Saudi Arabia cuts oil production due to Strait of Hormuz export issues, Bloomberg reports. UAE, Kuwait, and Iraq also reduce output amid rising storage levels.

Abu Dhabi National Oil Company said on Saturday it is actively managing offshore output ​levels to address storage ...

Kuwait and the United Arab Emirates are the Gulf oil producers who will be next to reduce ​output if they cannot export crude ...

Saudi Arabia began oil output cuts, becoming the latest Gulf producer impacted by the U.S. and Israeli war on Iran that has ...

I never thought that the textbook example of a mega crisis in the Gulf would unfold in front of my own eyes. The ...

Oil markets are set for yet more chaos on Monday as the war in Iran unleashes unprecedented disruption: major producers are curbing output as storage fills up and the most important waterway for ...

Oil jumps above $115 as Iran war disrupts Strait of Hormuz flows. Middle East output cuts deepen supply fears in global oil market. Energy surge raises inflation concerns across global economies.

Iraq’s oil production has dropped by roughly 60% as the ongoing Iran war disrupts tanker availability and effectively blocks ...

The regional conflict, now in its 10th day, has blocked shipments through the Strait of Hormuz, the crucial waterway ...