Oil prices rose on Monday after OPEC+, led by Saudi Arabia, announced a pause to planned production increases in the first quarter of 2026.
Oil prices rose on Monday after OPEC+, led by Saudi Arabia, announced a pause to planned production increases in the first quarter of 2026.
Goldman Sachs has warned that oil prices could plunge below $40 per barrel by late 2026 if a U.S.-led trade war triggers a global economic downturn and major producers ramp
BP shares have slumped to their lowest level since the pandemic, hit hard by a steep decline in oil prices.
Global oil demand growth is expected to slow as Donald Trump’s tariff war weighs on the global economy.
Gas prices are set to record a second straight weekly gain amid ongoing concerns about Russian supply disruptions.
Oil prices climbed further on Monday, with gains exceeding $1 per barrel following OPEC+’s decision to postpone its scheduled output increase by a month. The market now faces a pivotal
Oil prices surged over 3% today, pushing a barrel above $80 for the first time since August, as rising tensions in the Middle East fueled the increase.
Oil prices have continued to climb amid growing fears that Israel could target Iranian oil facilities.
Oil is on course for its strongest week in over a year, driven by escalating conflict in the Middle East, including Israeli airstrikes on Beirut, Lebanon.
Traders are increasingly betting on a sharp rise in oil prices amid fears of a potential conflict between Israel and Iran.
Russia’s oil revenues have fallen to their lowest point since February due to declining crude prices.