U.S. crude oil futures experienced a decline, settling at $78.68 per barrel, marking a decrease of $1.36 or 1.70 percent. This drop signals a potential easing of global supply concerns…
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Oil futures experienced a significant surge in post-settlement trading on January 15th, 2025, with U.S. crude prices rising by more than $3 a barrel and Brent crude reaching its highest…
Oil prices are surging, with both U.S. and Brent crude benchmarks hitting multi-month highs. This upward trend is fueled by escalating geopolitical tensions in the Middle East, raising concerns about…
Crude oil prices have witnessed a significant jump, with U.S. crude oil futures settling at $80.04 per barrel, marking a 3.28% increase or a $2.54 rise. This surge is attributed…
Brent crude oil futures prices settled at $82.03 per barrel, marking a significant increase of $2.11 or 2.64% from the previous day’s closing price. This surge comes amidst growing concerns…
The Kremlin has announced that “nothing can be ruled out” in response to the latest round of US sanctions targeting Russia’s energy sector. These sanctions, imposed by the US Treasury…
The International Energy Agency (IEA) forecasts that global oil supply will grow by 1.8 million barrels per day (bpd) in 2025, exceeding the projected growth in demand. This increase in…
Iraq’s Oil Minister, Hayan Abdel-Ghani, has announced that the country will finalize a significant oil and gas deal with BP by the first week of February. This agreement focuses on…
Azerbaijan’s oil production experienced a slight increase in December 2023, reaching 65,987 tons per day compared to 65,885 tons per day in November 2023, according to the Energy Ministry. While…
U.S. crude oil futures experienced a decline, settling at $77.50 per barrel, marking a decrease of $1.32 or 1.67%. This downturn is attributed to growing concerns about the health of…