A shuttle service that slips oil through the Strait of Hormuz now looks like the kingdom’s best fallback.

Oil extended the biggest drop in more than six weeks on signs of easing Middle East supply disruptions, with a key pipeline being restored.

Experts from trade intelligence firm Kpler said the pipeline's closure could reduce oil supplies by as much as 3.6 million barrels per day - or about 3.6% of global demand.

By Yuka Obayashi and Trixie Yap Sept 17 (Reuters) - Oil prices eased on Thursday, extending losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions,

Oil prices edged lower in early European trading Wednesday ahead of the Federal Reserve ’s interest-rate decision, while continuing disruptions in the Middle East and Houthi advances kept supply risks...

Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry.

Oil prices fell again in early European trading Thursday, helped by hopes Saudi Arabia could also restore some disrupted export capacity.

It's clear the Fed deems prices are rising too fast and interest rates need to go up to limit inflation, our business reporter writes

The rate hike is a surprising turnaround for Fed chairman Kevin Warsh, who was appointed by US President Donald Trump and took over the top job in May.

India warned that a US bill imposing sanctions on buyers of Russian oil could hurt ties between New Delhi and Washington and disrupt global energy markets, after the legislation passed the House of Representatives.