oil prices

The global oil market has seen a significant change in the past year, as Brent crude oil, the most widely used benchmark for oil prices, has incorporated U.S. WTI Midland …

The global oil market is tightening as shipping delays and OPEC+ cuts reduce the availability of crude in Europe and Africa, boosting futures prices. Rising demand and geopolitical risks The …

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 markets shrugged off the announcement by OPEC+ that it will extend its voluntary oil production cuts for another three months, starting in April 2024. Analysts widely expected the decision …

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 …

The world’s oil supply is under pressure from multiple factors, including geopolitical tensions, extreme weather, and production outages. This has pushed oil prices to their highest levels in months, with …

Geopolitical risks driving up oil prices could potentially position the energy sector for a comeback after lagging behind the rest of the US stock market for months. The S&P 500 …

Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses. Brent crude futures were up $1.07, or 1.41%, at …

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 …