A potential disruption of more than 15 million bpd from the Middle East cannot be replaced by U.S. shale. IEA: U.S. shale could add only 240,000 bpd initially and about 400,000 bpd later in the year.

SINGAPORE, March 4 (Reuters) - Asian refiners dependent on Middle East crude are expected to cut output soon because they are unable to get prompt replacement cargoes after the ‌U.S.-Iran war brought ...

The war in the Middle East that has effectively closed the Strait of Hormuz is making Russian oil more valuable to two of the largest energy markets in the world – India and China. Oil prices have ...

U.S. shale drillers cannot increase production quickly enough to solve an oil supply crisis caused by Donald Trump‘s war in Iran, industry bosses have warned, saying a big rise in output would take ...