Today, oil prices and the FTSE 100 plummeted after China delayed announcing new economic stimulus measures.
Oil reaches $80 per barrel amid escalating tensions in the Middle East.
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 climb amid concerns over potential strikes on Iranian oil facilities
Oil prices have continued to climb amid growing fears that Israel could target Iranian oil facilities.
Oil is set for its largest weekly gain in over a year
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 forecast oil prices to reach $100 per barrel as tensions in the Middle East escalate.
Traders are increasingly betting on a sharp rise in oil prices amid fears of a potential conflict between Israel and Iran.
Oil and mining stocks boost FTSE 100 – Gas prices rise – Oil market ‘jumpy’
The FTSE 100 opened higher, driven by gains in energy and industrial metal mining stocks.
Standard Chartered is facing new allegations of transactions linked to terrorism.
Standard Chartered PLC (LSE: STAN) has been accused of facilitating billions of dollars worth of transactions linked to US-designated terrorist organizations, including Hezbollah, Hamas, and al-Qaeda.
Maersk, predicts prolonged disruption in Red Sea trade, potentially lasting several months.
Vincent Clerc, CEO of Maersk, the shipping industry leader, has issued a warning about potential long-term disruptions for ships navigating the Red Sea. This situation, sparked by a series of
Shipping giant Maersk will avoid the Red Sea “for the foreseeable future”
Maritime transportation leader Maersk has announced its decision to bypass the critical Red Sea route indefinitely, a decision that could potentially exacerbate the current deceleration in inflation rates.
Harbour Energy secures a deal worth US$11.2 billion for acquiring Wintershall Dea’s assets.
The North Sea’s leading oil producer has finalized an $11.2 billion (£8.8 billion) deal to acquire a German competitor, marking a significant expansion from its North Sea origins to becoming
Italian petroleum giant Eni acquires Neptune Energy for $4.9 billion.
Eni, the Italian energy giant, has confirmed its decision to purchase Neptune Energy, a private equity-backed company, for $4.9 billion, marking the largest cash transaction in Europe’s oil and gas
Italy’s Eni signs $8 billion gas deal with Libya
TRIPOLI (Reuters) – Italian energy company Eni and Libya’s National Oil Corporation (NOC) have signed an $8 billion gas production deal, Eni’s chief executive Claudio Descalzi said on Saturday.