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Tag: OIL

An Iraqi man herds his water buffalos on the Shatt al-Arab river next to the Nahr Bin Omar oil field and facility near Iraq's southern port city of Basra on April 4, 2023. - Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on April 2, calling it a "precautionary" move aimed at stabilising the market. (Photo by Hussein FALEH / AFP) (Photo by HUSSEIN FALEH/AFP via Getty Images)

Saudi oil production cuts could spike gas prices

Oil cuts announced by Saudi Arabia have prompted fears that gas prices may be on the rise.

Read More Saudi oil production cuts could spike gas prices
A handout picture provided by the Iranian Army official website on September 10, 2020, shows an Iranian boats during a military exercise in the Gulf, near the strategic strait of Hormuz in southern Iran. - The Iranian navy began a three-day exercise in the Sea of Oman near the strategic Strait of Hormuz today, deploying an array of warships, drones and missiles. One of the exercise's objectives is to devise "tactical offensive and defensive strategies for safeguarding the country's territorial waters and shipping lanes," the military said on its website. (Photo by - / Iranian Army office / AFP) / XGTY / === RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / Iranian Army website" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS === (Photo by -/Iranian Army office/AFP via Getty Images)

Iran seizes second oil tanker within a week

Iran has seized a second oil tanker within a week on Wednesday the United States Navy said.

Read More Iran seizes second oil tanker within a week
John D. Rockefeller & Standard Oil Company, Inc.

John D. Rockefeller & Standard Oil Company, Inc.

HISTORICAL SPOTLIGHT 💡 – 01/10/2023

Read More John D. Rockefeller & Standard Oil Company, Inc.

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SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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