Oil is being transported regularly to different depots across the country from temporary main establishments of dealers through railway wagons, the release said.

A sustained rise in oil prices could trim South Africa’s economic growth by about 20 basis points for every $10 increase in crude, according to Standard Bank Group economists. The warning comes as the ...

Fresh Iranian strikes on energy infrastructure and fears of a prolonged conflict have overshadowed the historic drawdown.

The price of Brent crude oil, the international standard, spiked back over $100 as Iranian strikes hit ships in the regions waters and the ongoing American-Israeli war with Iran showed so signs of slo ...

British special forces shoot down 'suicide drones' as base in Iraq hit injuring US soldiers - A swarm of ‘unmanned aerial vehicles’ was launched at the camp in Erbil, northern Iraq ...

FTSE 100 Live 12 March: Oil price near $100 as index falls, travel stocks slump - ...

Fuel dealers have blamed bureaucratic complications and restrictive pol-icy decisions for the recent disruptions in fuel supply across the country, saying the situation stems from ...

Largest ever oil reserves released as Iran war fuels price rises - The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped ...

ExxonMobil is poised to move its legal headquarters from New Jersey to Texas in search of a more friendly business environment, the company announced Tuesday morning. The board of directors for the ...

Oil prices surge despite global action to boost reserves - Oil prices and financial markets remained under pressure after three more cargo vessels were hit in the Gulf.

The US military is currently "not ready" to escort tankers through the critical Strait of Hormuz because all its assets are ...

Iran’s Supreme Leader Ayatollah Mojtaba Khamenei said Thursday that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbors will continue. His first ...