If Strait of Hormuz stays shut through March then a 2008-type price spike is possible
Denmark's energy minister called on citizens to reduce their energy use amid the ongoing Middle East conflict. Oil prices jumped to over $100 a barrel on Thursday, raising fears of rising inflation.
The IEA's decision to release 400 million barrels of oil from global strategic ​reserves has already had a "strong impact" on energy markets, ‌which are in an "extremely critical period" after the
Oil prices have pulled back from $100 a barrel following several attacks on merchant vessels in the Gulf. Two tankers have been reportedly attacked overnight in Iraqi waters.
Oil prices jumped early Thursday despite the record release of emergency reserves by the U.S. and other countries.
Russia's crude oil and refined product exports and revenues declined ​in February to reach their ‌lowest since the start of the Ukraine conflict in 2022, the International Energy Agency ​said on
The war in the Middle East ​is creating the biggest ‌oil supply disruption in the history of the global ​market, the International ​Energy Agency said on Thursday, ⁠a day after the ​agency
Commodity Context's Rory Johnston says markets are likely looking at a price hike of $2 to $3 a barrel per day everyday until the strait of Hormuz is open but warns a jump of 10 to $15 a barrel territ
Raymond James' Pavel Molchanov says oil markets remain in ‘panic mode' as traders seek clarity on how quickly strategic reserves can reach the market. He adds that a coordinated release by members o
Simon Ho, CFO of Indonesian superapp GoTo, shares his take on GoTo's ambitious full-year guidance but recognizes the uncertainty that volatile oil prices present. He also talks about the impact of fue
Rangu Salgame, CEO of data center company Princeton Digital Group, says the current oil price shock is not particularly concerning from a long-term perspective, as he expects voracious consumer appeti
Eli Lee,chief investment strategist at Bank of Singapore, explains why energy prices continue to soar despite the release of emergency oil reserves. He also talks about why gold and Treasuries have no
U.S. stock index futures fell on Thursday as oil prices soared to around $100 a barrel, fanning inflation worries ‌and forcing traders to dial back expectations of U.S. interest rate cuts.
Prediction market bettors are placing strong odds on crude oil prices surging back to $100 a barrel before the end of March, even as prices pull back sharply from the highs reached last week following
Three more foreign vessels were struck off the coast of Iraq and the United Arab Emirates overnight, authorities said. The latest incidents in or near the Strait of Hormuz come shortly after Iran warn
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