Oil
Bahrain’s state oil company declares force majeure on its shipments after Iran attack
Bahrain’s state oil company declared force majeure on Monday for its shipments after an Iranian attack set its refinery ablaze. The state-run…
Oil soars 25%, gold drops as Iran war jolts global commodity markets
Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while…
Oil prices rise 1% as Iran crisis disrupts Middle East supply
Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed…
Shipping Paralysed in Strait of Hormuz as Insurance Costs and Energy Prices Surge
Global shipping and energy markets are facing mounting disruption as vessels remain stranded near the Strait of Hormu z , a chokepoint…
Oil rises as expanding US-Israel war with Iran heightens supply risks
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats…
Oil surges 8% as Iran conflict disrupts Middle Eastern flows
Oil surged 9% on Monday after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by…
EU policymakers expect no immediate oil security impact from Iran conflict
The European Commission does not expect the widening conflict in the Middle East to have any immediate impact on the European Union's…
Middle East oil exports push tanker costs to 6-year-high amid threat of US-Iran war
The cost of shipping oil has surged to the highest in six years, fuelled by a wave of crude exports from the…
Precious metals, oil slide as global tensions ease; copper down
Prices of commodities, from silver and gold to crude oil and copper, dived on Thursday, as global tensions eased after a telephone…
Libya plans to boost gas exports to Europe by 2030
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe…
Oil prices gain 1.5% on increasing concerns of Iran attack
Oil prices rose more than 1.5% in Asian trade, extending gains for a third day on Thursday, on increasing concerns the U.S.…
Libya signs $20bn oil deals with US and French energy companies
Libya’s Tripoli-based government signed a 25-year oil development agreement with France's TotalEnergies and the US’s ConocoPhillips that could more than double the…