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Middle East conflict

  • In the News

    Oil Edges Up Following US Rate Cut Move, Geopolitical Concerns

    by Victor Adetimilehin September 23, 2024
    by Victor Adetimilehin September 23, 2024

    Oil prices edged up on Monday, supported by geopolitical concerns in the Middle East and the U.S. Federal Reserve’s recent interest rate cut, which is expected to boost economic activity …

  • In the News

    Oil Prices Climb on US Crude Draw and Rate Cut Hopes, Geopolitical Tensions Linger

    by Victor Adetimilehin June 21, 2024
    by Victor Adetimilehin June 21, 2024

    Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions …

  • In the News

    Oil Prices Surge Amid Escalating Global Tensions

    by Victor Adetimilehin June 19, 2024
    by Victor Adetimilehin June 19, 2024

    Amid escalating geopolitical tensions, oil prices surged due to concerns over potential disruptions in global oil supply chains, affecting market stability and price dynamics.

  • In the News

    Oil Prices Retreat as Middle East Conflict Fears Ease

    by Victor Adetimilehin April 23, 2024
    by Victor Adetimilehin April 23, 2024

    Oil prices retreated on Monday after concerns about potential supply disruptions from the Middle East conflict eased. The market’s focus shifted back to fundamentals, with economic factors like inflation and …

  • In the News

    Oil Prices Brace for Impact After Iran Attacks Israel

    by Victor Adetimilehin April 15, 2024
    by Victor Adetimilehin April 15, 2024

    Oil markets brace for impact after Iran’s surprise attack on Israel. The potential for wider conflict and disruption to global oil supplies keeps markets on edge. Analysts predict an initial …

  • In the News

    Middle East Tensions Fail to Lift Oil Prices Amid Demand Fears

    by Victor Adetimilehin February 20, 2024
    by Victor Adetimilehin February 20, 2024

    Oil prices remained steady on Monday, as the impact of rising geopolitical tensions in the Middle East was offset by signs of weakening demand in the global market. The conflict …

  • Oil & Gas

    Oil Prices Plunge as OPEC+ Cuts Fail to Impress Markets

    by Victor Adetimilehin December 4, 2023
    by Victor Adetimilehin December 4, 2023

    The latest decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to reduce oil output by an additional one million barrels per day …

  • Energy Transition

    OPEC+ May Deepen Cuts as Oil Prices Slide

    by Victor Adetimilehin November 21, 2023
    by Victor Adetimilehin November 21, 2023

    The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are set to meet this weekend to discuss the possibility of further reducing oil production amid a …

  • MarketsOil & Gas

    Oil Prices Soar as US Sanctions Russian Crude Exports 

    by Motoni Olodun October 15, 2023
    by Motoni Olodun October 15, 2023

    Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

  • Oil & Gas

    Oil Prices Rise Amid Middle East Tensions and Demand Worries

    by Victor Adetimilehin October 13, 2023
    by Victor Adetimilehin October 13, 2023

    Oil prices edged higher this week as the conflict between Israel and Hamas raised concerns about the stability of the Middle East, a major oil-producing region. However, the gains were …

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