Oil price crisis

Oil price crisis

A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration//File Photo

How the Strait of Hormuz closure affects global oil supply

The halt to oil and gas shipments through the strait is the nightmare scenario for the global energy system and represents one of the most serious disruptions to energy supply ever suffered.

Illustration: oilprice.com

The threat posed by rising oil prices

Opec+ decision to cut oil prices: Is the US-Saudi marriage on the rocks?

Opec+ decision to cut oil prices: Is the US-Saudi marriage on the rocks?

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration

The G7's price cap on Russian oil begins to take shape

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo

OPEC chief says blame policymakers, lawmakers for oil price rises

Saudi Crown Prince Mohammed bin Salman attends an Arab summit, in Jeddah, Saudi Arabia, July 16, 2022. REUTERS/Evelyn Hockstein

Saudi crown prince says unrealistic energy policies will lead to inflation

Russian Foreign Ministry spokeswoman Maria Zakharova attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina

Russia warns that G7 attempt to cap oil price risks higher prices

An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Picture taken on November 12, 2021. Mandatory credit Kyodo/via REUTERS

Oil bounces around as tight supply offsets China, recession fears

Models of oil barrels and a pump jack are seen in front of displayed EU and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Oil prices rise after EU bans most Russian oil imports

An aerial view shows Shibushi National Petroleum Stockpiling Base in Kagoshima prefecture, Japan January 18, 2019, in this photo taken by Kyodo. Photo :Reuters

Oil drops on recession fears and China Covid curbs

File Photo: Reuters

Oil prices ease on concerns over recession, weaker consumption

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan

Oil slips more than 2% on fears recession may hit demand

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev

Oil tumbles on global economic worries, strong dollar