U.S. benchmark West Texas Intermediate crude climbed during the session, crossing $101 per barrel from $67 per barrel before the war.
Oil prices climbed again because of the war with Iran, tightening their grip on the global economy and sending stock markets ...
Iraq will resume oil exports via Turkey’s Ceyhan port at 10am following a deal between Baghdad and the Kurdistan Regional Government. Oil flows could reach 200,000–250,000 bpd from Kirkuk, with an ...
Oil prices edged lower on Friday after a tumultuous day that saw the international benchmark surge above $119 a barrel as the Middle East conflict deepened energy supply fears.
The S&P 500 is down 4.29% over the past month, and the VIX fear gauge has climbed 53% in that same window to sit at 27, firmly in elevated-uncertainty territory. Meanwhile, a handful of oil and gas ...
America's shift from energy importer to exporter reshapes how oil price spikes from Middle East conflicts affect different regions, industries and income groups.
The closure of the Strait of Hormuz, which 20% of the world’s oil flows through, is sending shockwaves through the global economy. But how big will this disruption actually be? According to a ...
With the recent outbreak of hostilities in the Persian Gulf, the focus of international attention has returned to one of the world’s most important energy chokepoints: the Strait of Hormuz. Roughly ...
JERUSALEM, March 19 (Reuters) - Iran no longer has the capacity to enrich uranium or make ballistic missiles after 20 days of U.S.-Israeli air attacks, Israeli Prime Minister Benjamin Netanyahu told a ...
Discover the incredible story behind the construction of the Petronius offshore oil rig, one of the most ambitious projects in the energy industry. This video takes you through the complex process of ...
The European Central Bank raised its inflation projections on Thursday on higher energy costs and said there was a risk of ​price growth going even higher in case of a ‌prolonged war in the Middle ...
The global oil trade is remarkably flexible. But key solutions that should be able to address the current oil crisis – like reserves, alternate routes, and boosts in production — are constrained.