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Oil prices rise for second session on continued Middle East supply concern
Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from…
Brent crude rises above $100 a barrel as Middle East conflict intensifies
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic…
Ship fuel shortage looms as refiners strained by war favour other products
A shortage of fuel oil used in ships and power plants looms in the third quarter as refiners increasingly squeezed by wars…
Six countries want EU talks in September on taxing windfall profits of oil companies
Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered…
Oil gains on Middle East supply concerns amid impasse in US-Iran war
Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the…
Oil extends climb on prolonged Hormuz export uncertainty
Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on whether the…
Oil struggles for direction as US-Iran talks stall, Hormuz shipping slows
Oil prices gave up early gains on Monday as stalled U.S.-Iran talks revived concerns over prolonged Middle East tensions, but the absence…
Oil steadies after US threatens indefinite blockade of Iran
Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of…
Oil drops on lower demand forecasts despite deadlock in US-Iran talks
Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from…
Oil, gold prices rise as geopolitical tensions mount before CPI
Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S.…