Browsing: oIL

Iraq’s Oil Ministry said it is working to restore production to more than 3 million barrels per day

Oil prices fell below the $80-per-barrel mark, easing toward the mid-$70s as reports of reduced

Stakeholders across the energy sector have called for sustained reforms, increased investment

Oil prices continued to decline on Wednesday amid expectations that the US and Iran ….

Crude oil prices continued to decline on Tuesday amid optimism over an initial US-Iran agreement

Oil prices dipped below $90 per barrel on Friday as the US and Iran inch close to an agreement that could see the reopening of the Strait of Hormuz in the coming days.

Oil prices rose as escalating military exchanges between the US and Iran and renewed tensions surrounding the Strait of Hormuz heightened fears of disruptions to global crude supplies.

Oil prices rose as markets weighed renewed supply concerns following fresh US strikes against Iran. Brent crude traded at $91.46 per barrel, up around 0.01% from the previous close of $91.45. US benchmark West Texas Intermediate (WTI) rose about 0.01% to $88.19 per barrel, compared with $88.2 in the previous session.

Oil prices surged by about 5% on Monday as escalating tensions in the Middle East heightened concerns over potential supply disruptions amidst airstrikes.

Brent topped $95 per barrel on Friday amidst tighter US sanctions against Russia and persistent geopolitical risks. Meanwhile, hopes for diplomatic progress between Washington and Tehran tempered further gains.