Oil
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Oil prices hit $100 for the first time since May
Oil prices have surged to $100 a barrel for the first time since May as renewed fighting in the Middle East raises concerns over global energy supplies. Brent crude, the…
BP’s Profit Plunges Amid Strategic Shift and Market Headwinds
BP reported a significant drop in profits for the first quarter of 2025, highlighting challenges in energy markets and ongoing strategic realignment.…
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza…
Oil benchmark Brent nears $86 on heightened supply concerns
Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle…
Oil prices inch higher as attacks on Russian energy facilities intensify
Brent crude briefly topped $86 per barrel on Monday for the first time since November, before pulling back, as Ukraine stepped up…
US leads global oil production for sixth straight year- EIA
U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million…
OPEC Secretary General believes long-term demand outlook is robust
Saudi Arabia's decision to postpone oil capacity expansion plans should not be interpreted as an assessment that demand for crude is falling,…
Oil gains as Gaza ceasefire talks in focus
Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinken's efforts in the Middle…
Oil prices jump on disruption fears after latest Red Sea attack
Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle East supply…
Oil little changed as investors eye Middle East tensions, US rate cut
Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal…