The Iran war has persisted significantly longer than anticipated – and so has a viable oil market. Despite the persistently elevated fuel prices that have incurred nearly $800 in costs for the average US household since the onset of the Read More …
The major U.S. index futures are currently indicating a lower opening on Wednesday, suggesting that stocks are poised to continue the downward trend observed in the preceding two sessions. A continued surge in crude oil prices is expected to exert Read More …
Global oil supply is projected to decline by 4.3 million barrels per day, or Approximately 4%, this year, the International Energy Agency indicated in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East are poised Read More …
Opec+ is set to endorse a production quota increase of approximately 188,000 barrels per day starting in September, after which it intends to halt any additional output increases, according to sources. This decision comes as the group finalises the unwinding Read More …
Prior to the conflict in Iran, approximately 15 million barrels of oil from the Persian Gulf were transported daily via the Strait of Hormuz. Within a few years, a significant portion of that oil may circumvent the strait. As Iran’s Read More …
President Donald Trump made an ALL-CAPS reversal on Iran strikes Monday morning. That sent oil prices plunging. Sadly, your gas prices aren’t about to follow suit. The average price of US gas is closing in on $4 a gallon, and Read More …
The most severe global oil crisis in decades may pose a significant challenge for the Federal Reserve, as its policymakers convene this week to assess the forthcoming strategies for the US economy. President Donald Trump’s conflict with Iran has caused Read More …
A significant disruption to global oil production propelled crude prices past the $100 mark on Monday, marking the first occasion in almost four years, before ultimately stabilizing just under that threshold. As the conflict with Iran continues, oil futures may Read More …
The price of oil surged past $100 per barrel on Sunday, marking the first occasion it has exceeded that threshold since Russia’s 2022 invasion of Ukraine. President Donald Trump, in a social media post, referred to the rising oil costs Read More …
