Geopolitical tensions between the US and Iran drive oil prices higher amid concerns over potential disruptions to global supply. West Texas Intermediate crude oil climbed to near $79.00 in early European trading, extending gains as escalating US-Iran tensions stoked fears
Oil prices steady despite new strikes in Iran, Iraq, and Gulf The conflict in the Middle East has widened, with strikes and explosions reported across Iran, Iraq, Bahrain, Qatar, and Kuwait. The geographic spread of the conflict raises the stakes on regional energy
The rupee's slide despite improving portfolio flows, equities have flipped to inflows and debt has stayed positive, points to the pressure being driven more by oil-linked importer demand and broader risk aversion than by any capital flight narrative, which limits how much a...</p
Oil market may lose supply and demand cushions The oil market is at risk of losing the supply and demand cushions that have kept prices from soaring. The U.S.-Iran memorandum of understanding had provided a window for Middle Eastern producers to rush crude out of t
Oil prices retreat as WTI struggles to break above the $80.00 resistance level, marked by the 50-day EMA. West Texas Intermediate crude oil fell nearly 1% to just under $79.00 after failing for the third consecutive session to breach the $80.00 threshold. The 50-day Expone
Oil prices retreat below $79.00 as geopolitical risks fail to sustain a rally past key resistance at $80.00 per barrel. West Texas Intermediate crude oil fell nearly 1% to below $79.00 after failing for the third time to breach the $80.00 mark, where the 50-day Exponential
The move follows a 400 million barrel IEA release earlier this year to stabilize global oil markets amid supply disruptions. India and South Africa are set to increase their strategic petroleum reserves, aiming to bolster energy security. The decision comes after global oi
Global oil demand could decrease for the first time since 2020, following months of oil trade restrictions in the Middle East and ongoing geopolitical turmoil, the International Energy Agency (IEA) said on 10th July. This expectation is echoed in OPEC's most recent 2026 gl
Brent crude fell $0.75 to $84 a barrel Crude oil prices retreated from a one-month high as traders weighed the risk of disrupted export routes. The pullback reflects profit-taking rather than easing risk. Iran's potential closure of the Bab el-Mandeb route
Chevron nears non-binding agreements to develop West Qurna 2 and Nassiriya, potentially its largest upstream investment in years. Chevron is set to sign memoranda of understanding on Friday for two Iraqi oil projects, West Qurna 2 and Nassiriya, marking a step toward expan
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