The United States has authorised the release of up to 400,000 barrels of crude oil from its Strategic Petroleum Reserve (SPR) to address a refinery supply disruption, as global oil
Oil prices surge above $111 as fresh Houthi attacks in Saudi Arabia
Global oil prices climbed above $111 a barrel on Thursday as renewed Houthi attacks in Saudi Arabia heightened concerns over an escalation of the Middle East conflict and further disruption
Oil prices surge above $104 amid Middle East tensions
Brent crude jumped above $104 a barrel on Thursday, its biggest rise in around a month, reigniting inflation concerns and adding pressure to government bonds and global equity markets.
Brent Crude Falls Below $100 as Oil Price Retreat Accelerates
Oil prices extended their decline on Tuesday, with Brent crude falling back below $100 a barrel. The global benchmark fell as low as $99.38 a barrel before recovering slightly to
Oil Jumps as China Fuel Export Halt Raises Fresh Diesel Supply Fears
Brent crude jumped more than 2% to around US$100 a barrel on Thursday after reports that Chinese refiners had suspended exports of oil products to markets outside Hong Kong and
Oil Could Reach $160 as Stockpiles Fall and Hormuz Risks Intensify
Oil prices could climb as high as US$160 a barrel, or potentially even further, if disruption around the Strait of Hormuz persists and global inventories continue to fall, according to
FTSE 100 Ends Marginally Higher as Markets Digest Middle East Developments
London stocks finished little changed on Monday after a volatile trading session, with investors balancing geopolitical concerns against a recovery on Wall Street.
Petrol prices falling slower than wholesale costs, says RAC
Fuel prices at the pump are not declining as quickly as expected despite a recent pullback in oil prices, according to the RAC.
Fuel prices may not return to normal any time soon
Donald Trump’s announcement of a two-week ceasefire with Iran has triggered a sharp decline in oil prices, with Brent crude falling below $100 per barrel within hours. European gas prices
Miliband Warns Energy Costs Could Jump Within Weeks
The United Kingdom faces a significant energy cost crisis for businesses as geopolitical tensions in the Middle East continue to exert upward pressure on global commodity prices. Energy Secretary Ed
US and Israel launch military strikes in Iran as “major combat operations” begin
In a video posted on Truth Social, Donald Trump said the United States has begun what he described as “major combat operations” in Iran.
FTSE 100 set to dip as Fed independence concerns unsettle markets
The FTSE 100 is expected to open around 15 points lower, according to spread betting firms, as global markets respond to rising political tensions surrounding US monetary policy. Nevertheless, the