Drones and missiles have landed on key refineries and depots, destroying millions of barrels of oil production. ABC NEWS ...

The price of oil surged more than 15% Monday, as the effects of the Iran war hit markets worldwide and stoke fresh worries ...

Iranian drones struck oil storage facilities at the Port of Salalah in Oman on Wednesday, marking the latest attack on Gulf ...

Kuwait cut oil output after storage tanks filled on day 18 of the Hormuz closure. Gulf shut-ins may reach 5 million barrels per day.

A fire broke out at an oil facility in the U.A.E., which has been intercepting Iranian drones.Altaf Qadri/AP The paralyzation of the key Strait of Hormuz waterway has ignited a crude storage crisis in ...

Add Yahoo as a preferred source to see more of our stories on Google. Residents of Tehran woke on Sunday to a thick blanket of black smoke after US and Israeli strikes set oil storage facilities ...

SINGAPORE, Aug 28 (Reuters) - Volatility increased in Chinese crude and fuel oil futures markets this week on concerns U.S. sanctions on an oil storage terminal in east China would prevent physical ...

Iraq is in talks with Exxon Mobil Corp. for oil storage in Asia and other markets where it sells crude, as it looks for access to facilities to ensure continued supply to customers during times of ...

An Iranian drone strike has targeted oil storage tanks at Salalah Port. Read about the incident and the response efforts.