Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on…
Read More »Brent oil prices have found a new higher floor at above $80 per barrel in recent days as the market…
Read More »A fire that broke out Monday in oil storage tanks in Iran’s Bandar Abbas has been extinguished, state-run IRNA reports, citing…
Read More »As one would have expected, oil prices are surging at the futures open with WTI up over 7% near $82…
Read More »The latest OPEC+ output cuts for November mean it’s back to the drawing board for the White House and a…
Read More »“That would be the road to hell for America,” JP Morgan’s CEO Jamie Dimon said last week, referring to a suggestion…
Read More »Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data…
Read More »Oil prices ran out of steam on Tuesday after gaining more than $5 a barrel in the previous session with…
Read More »Oil prices gave up overnight gains to slump on Wednesday as fears of an impending recession in the US and…
Read More »Oil prices strengthened on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and…
Read More »Inflation in the UAE, Gulf Cooperation Council (GCC) countries and the wider Middle East and North Africa region will spike…
Read More »Bahrain is experiencing a gradual post-Covid recovery, while the renewed fiscal reform momentum and high oil prices are mitigating Bahrain’s…
Read More »Oil declined at the start of the week’s trading as investors weighed tight product markets against concerns over slowing global…
Read More »Oil prices rose sharply on Wednesday after the European Union (EU) unveiled a plan to phase out Russian oil, triggering…
Read More »Oil prices jumped on Monday as reports that the European Union (EU) is considering a ban on Russian energy stoked…
Read More »Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress…
Read More »Oil prices have soared to the highest level since July 2008 after the US said it was discussing a potential…
Read More »Saudi Arabia raised oil prices for all regions after crude surged following Russia’s military offensive in Ukraine to more than…
Read More »Oil rose more than 1 percent on Monday to the near 7-year highs hit in the previous session, while supply…
Read More »Saudi Arabia raised oil prices for buyers in Asia and the US on Sunday days after OPEC and its allies…
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