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Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.
Shipowner Frontline said the incident near the Strait of Hormuz was due to navigational issues and not related to the current ...
Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as ...
Markets are concerned about Iran's frequent threats to blockade the Strait of Hormuz, just as the US heads into peak summer ...
In a separate report on the outlook to 2030, the IEA forecast that oil supply would continue to outstrip demand over the next ...
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
The dramatic escalation in tensions between Israel and Iran caused a spike in the price of crude and raised fears among oil ...
Natural Gas Services (NYSE: NGS) offers essential, high-margin compressor services for oil and gas production, with strong ...
The Environmental Protection Agency has told staff overseeing the country’s industrialized Midwest– a region plagued by a ...
A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean ...
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Global demand for oil from combustible fossil fuels could peak as early as 2027, according to the International Energy Agency ...
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