Israel launched strikes on Iran targeting nuclear and military sites. Iran's oil facilities reportedly sustained no damage.

The escalating tensions between Israel and Iran are injecting significant uncertainty into the oil market, independent of ...

Fuel prices are expected to increase for the second straight week as a result of the ongoing trade talks between the US and ...

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again.

The Independent Petroleum Producers Group (IPPG) has pledged support for the Project One Million Barrels Incremental ...

Losses to oil production targets, yesterday, hits $5.7 billion (about N8.7 trillion) in the first five months of 2025, as the ...

Oil prices jumped over 10% Thursday night after Israel launched strikes against Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate (CL=F) rose to nearly $77 ...

Iran is a meaningful oil producer, pumping 3.3m b/d of crude oil and exporting in the neighbourhood of 1.7m b/d. In a scenario where we see further escalation, it’s not too difficult to envisage a ...

In a significant escalation of Middle Eastern tensions, Israel has launched targeted strikes against Iranian nuclear and missile facilities. The price of Brent crude oil has surged by over 8%, and ...

Oil prices jumped over 8% Thursday night following Israel’s military strikes on Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate ( CL=F) rose to nearly $74 ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.05 during the Asian trading hours on Friday.

The oil market can absorb OPEC's production increases through summer, but sustaining that pace risks leading to sharp price declines and a shift to contango, where future prices are higher than spot ...