Middle East

KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …

KEY POINTS The International Energy Agency, IEA, has revealed that more than 40 energy assets across nine Middle East countries have been severely or very severely damaged amid the ongoing …

KEY POINTS Nigeria continues to maintain one of the lowest fuel prices globally despite recent increases linked to geopolitical tensions in the Middle East. Data from GlobalPetrolPrices.com shows fuel in …

KEY POINTS Iran’s Revolutionary Guards have warned that no oil will leave the Middle East if the ongoing attacks by the United States and Israel persist, escalating tensions in an …

KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …

KEY POINTS Fresh attacks across the Middle East have forced the shutdown of key oil and gas facilities in Qatar, Saudi Arabia, Iraq, and Israel, sending shockwaves through global energy …

Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest …

The Middle East is witnessing a surge of violence and instability, as a missile strike on a fuel tanker in the Red Sea and an attack on U.S. troops in …

Oil prices dipped as the world’s top oil exporter, Saudi Arabia, cut its official selling prices for February and the Organization of the Petroleum Exporting Countries (OPEC) increased its production …

Oil prices climbed higher on Thursday, extending the previous day’s sharp gains, as the Middle East faced multiple crises that threatened to disrupt the region’s oil supply. A series of …