200 stories found
Swiss commodity traders express alarm that investors are underestimating the energy shock from the Iran war, criticizing Trump's promises for misleading markets and suggesting oil prices should be significantly higher.
President Trump announced an extension of the ceasefire with Iran to allow for further negotiations, but Tehran swiftly rejected the move, labeling it a "trap" and expressing deep distrust. The decision also led to the postponement of JD Vance's trip to Pakistan and contributed to oil market uncertainty.
Leading oil traders Vitol and Trafigura have warned that the global oil market has already lost a billion barrels due to the Iran war, signaling an unprecedented impact on global energy supplies.
Climate leaders are urging Democrats to promote clean energy as a cost-saving measure for Americans, citing the impact of the Iran war on global oil markets.
Sweden is at risk of needing to ration fuel due to the ongoing strained situation in the oil market, exacerbated by the conflict involving Iran, with potential rationing by June or July if conditions persist.
Saxo Bank analysts observe a state of 'confusion' currently prevailing within the global oil markets, indicating uncertainty among traders and investors.
The ongoing conflict in the Middle East has reportedly led to an estimated $50 billion loss in the global crude oil market. This significant financial impact occurred over approximately 50 days of hostilities.
Oil marketing companies in Ghana are disputing claims that the government is absorbing recent fuel price reductions, insisting their members are bearing the costs and calling for the suspension of statutory taxes and levies.
Oil markets are adjusting their assessment of war risk following the US Congress's decision to reject a pullback from Iran, impacting global oil prices.
Japan has pledged US$10 billion in energy support to its Southeast Asian neighbors, a strategic move analysts say aims to counter China's regional influence. This initiative positions Japan as a reliable partner as the Iran war impacts global oil markets.
Ghana's National Petroleum Authority (NPA) has announced new fuel price floors for the April 16 pricing window, leading to price cuts by some Oil Marketing Companies like GOIL and Star Oil, particularly for diesel. While petrol prices are expected to rise slightly, diesel prices are set to decrease.
The North Sea oil market is currently experiencing an imbalance, with a surge in sellers outnumbering buyers.
Analysts report that Indian oil marketing companies are losing an estimated Rs 1,600 crore daily as they absorb rising costs to shield buyers from price increases, which is expected to negatively impact their quarterly results.
The International Energy Agency (IEA) reported that Russia's oil export revenues nearly doubled in March, despite international sanctions. This surge in income has raised concerns about the global oil market and the effectiveness of current measures.
The global oil market is experiencing a notable divergence, with 'paper oil' indicators showing volatility while physical supply conditions remain tight.
US crude futures fell over $1 as a blockade plunged the oil market into fresh turmoil, with traders weighing supply risks.
GFL Environmental has announced a $4.6 billion deal for Secure Waste, indicating a strategic bet on the oil market, influenced by the ongoing conflict involving Iran.
A recently announced two-week truce has prompted speculation about its potential impact on the global oil market, raising questions about future behavior and stability.
Global crude oil markets are experiencing a frenzy with physical oil prices surging to unprecedented levels due to a severe shortage and intense competition for deliveries, fueled by reduced supply from the Middle East via the Strait of Hormuz.
An analysis discusses the strategic importance of the Strait of Hormuz, Iran's leverage over oil markets, and its potential to influence the US dollar and global markets, linking it to Washington's interest in Iranian oil.
Financial leaders and analysts warn of significant economic consequences, including higher inflation, interest rates, and a long-term oil market deficit, stemming from a potential Iran war or blockage of the Strait of Hormuz.
Energy analysts warn that the Iran ceasefire is not likely to alleviate acute signs of stress in the physical oil market.
The European Union is evaluating the potential risks posed by the ongoing Middle East crisis, particularly its implications for the stability and future of global oil markets.
Japan is reportedly weighing the release of approximately 20 days' worth of oil from its strategic reserves as early as May, a move prompted by ongoing uncertainty in global oil markets.
Even as oil prices decline, consumers may still face higher costs for everyday goods, indicating a potential disconnect between crude oil markets and broader consumer inflation.
WTI crude oil is currently trading at a premium to Brent crude, as oil markets price in short-term supply risks, indicating concerns over global oil availability.
Oil Marketing Companies (OMCs) in Pakistan are grappling with Rs107 billion in unpaid price differential claims, citing frustration over frequently changing documentation demands from authorities.
The opposition in Pakistan's National Assembly has condemned the recent sharp increase in petroleum prices, while the government defended the decision, attributing it to fluctuations in the international oil market.
Investors are closely monitoring the volatile oil market and developments in the Middle East, seeing an ideal opportunity for investment due to significant price fluctuations influenced by official statements.
"Open the f***ing Detroit": Trump's incredible threat to raze Iran's bridges and power plants this Tuesday Seneweb
For the first time, India's Oil Marketing Companies (OMCs) will pay refiners discounted rates. This measure aims to offset the financial burden caused by the increasing costs of crude oil.
Jim Cramer continued to draw a connection between Chevron (CVX) stock performance and the ongoing conflict in Iran, suggesting its impact on oil markets.
Oil marketing companies in Pakistan have voiced concerns over new OGRA verification rules, stating they are impractical and could exacerbate liquidity issues and delay reimbursements.
The full reopening of the Strait of Hormuz is anticipated to be a critical development for global oil markets. Its strategic importance for oil transit makes its status a key factor for energy prices and supply.
Mortgage rates have increased for the fifth consecutive week, attributed to the ongoing 'Iran war' which continues to roil financial markets.
Pierre Andurand's hedge fund experienced a significant 31% surge in the last quarter, attributed to successful oil market bets.
According to Energy Aspects, the global oil markets are currently undergoing a significant structural shift, indicating fundamental changes in their dynamics.
Global markets continue to experience mixed reactions, with oil prices, including Brent crude, jumping higher amid growing fears of a wider Middle East conflict, while Asian equities fall and US stocks mostly advance, balancing market sentiment with jobs data, war uncertainty, and recession fears.
Donald Trump has reiterated his threats to 'obliterate' Iran's Kharg Island and energy facilities, warning of massive damage without a quick deal, while the Pentagon reportedly prepares for a possible ground invasion or mass bombardment of Iran.
Oil market well supplied, control of Hormuz to shift over time, Bessent says Reuters
A senior Japanese official emphasized the need for a 'decisive' response to counter the yen's decline, leading to a strengthening of the currency and speculation about government intervention in crude oil markets.
A new Exchange Traded Fund (ETF) is being promoted for its ability to capture the potential gains of the oil market while mitigating typical downside risks.
President Trump has publicly reiterated his threat that 'Cuba is next' for US military action while speaking at a Saudi investment conference, as US-Cuba tensions continue to rise due to restricted oil shipments, prompting Cuba to seek the Vatican's help, amidst the island's latest internal crisis.
A new report indicates that Russia stands to gain at least $760 million in additional revenue from crude oil sales, benefiting from the global oil market fluctuations caused by the ongoing Iran War.
US President Donald Trump confirmed Iran allowed ten oil tankers to pass through the Strait of Hormuz as a 'gift,' with John Bolton suggesting the 'big present' is likely an oil-filled tanker. Trump also stated that taking control of Iranian oil, similar to Venezuela, is an option he is considering.
Experts warn that potential disruptions in the Strait of Hormuz could significantly impact markets, leading to currency weakening and rising prices, while Saudi Arabia bypasses the strait with surging oil exports. Global energy market tensions, particularly concerning Hormuz, are highlighting vulnerabilities in India's LPG supply, leading Nayara Energy to hike petrol and diesel prices. Wall Street is experiencing volatility with rising stocks and easing oil prices due to the ongoing 'war with Iran', with investors snubbing Trump's Iran reprieve.
Global recession warnings intensify as the Iran War drives Brent crude above $100 per barrel, causing significant market volatility and prompting India to fast-track oil and LPG import deals amid Middle East supply shocks. Airlines are raising fares due to spiking jet fuel prices and tightening supplies, while investors closely watch the volatile oil market reacting to every change and lingering risks of a prolonged US-Iran conflict.
Former President Trump has reiterated his rejection of a ceasefire with Iran, asserting that Iran desires a deal but fears its own people and the US. Meanwhile, oil prices continue to climb past $100, driven by lingering risks of a prolonged US-Iran war, impacting global powers as Trump and Xi pursue energy dominance, with Europe particularly vulnerable.
A Deutsche Bank strategist has warned that the fallout from the Iran war on oil markets could signal the beginning of the end for petrodollar dominance, potentially creating opportunities for Beijing.
The ongoing Iranian blockade of the Strait of Hormuz continues to severely impact global energy markets, with Kuwait warning of a catastrophic economic domino effect. Iran's Foreign Minister and Ministry of Foreign Affairs have stated that the Strait remains open to ships from nations not backing US-Israeli aggression, communicating this to the UN. The tightened global fuel supply is particularly affecting Asian nations and causing shortages for fuel retailers in Kenya, leading to increased reliance on coal and raising concerns about potential plane groundings, as European Commission President Ursula von der Leyen highlights a 'critical energy situation.'
Industry leaders believe that the full impact of the Iran war has not yet been reflected in oil market prices.
Chile's government announced an historic increase in fuel prices, with gasoline expected to rise by 32% and diesel by 62%, asking for public understanding due to a 'historic crisis' and a major global oil market shock.
An energy minister emphasized that the oil market is stable and expressed confidence that fuel supply will not be jeopardized, despite concerns about escalating oil prices.
Indian oil marketing companies are reportedly exploring the option of delivering 10kg LPG cylinders instead of the standard 14.2kg to ensure more equitable distribution during critical availability, despite the petroleum ministry dismissing these reports as speculative.
US President Donald Trump has postponed his ultimatum to bomb Iran's electricity grid and announced a tactical pause on strikes, claiming to have begun talks with Tehran and that 'regime change' is underway. However, Iran has denied engaging in talks with the US and warned against targeting its vital infrastructure.
US Energy Secretary Chris Wright announced that current disruptions in the oil market, linked to the Middle East conflict, are expected to be temporary.
Japan's top currency diplomat expressed concern over potential forex volatility, specifically linking it to speculative trading in the oil market.
A growing gap is observed between oil futures prices and the actual physical supplies that determine costs for consumers. This divergence indicates a complex dynamic in the oil market that could impact energy affordability.
Analysts warn that the economic consequences of the war in Iran, including a surge in energy prices, are beginning to be felt globally, driving inflation and increasing household bills in various countries, with energy experts forecasting more pain for consumers and businesses as the conflict shows no signs of easing.
China's imports of discounted Russian crude oil significantly increased in January and February 2026. Analysts predict that these volumes may moderate in the coming months as the ongoing war in Iran intensifies global competition for Russian oil supplies.
Entrepreneur Petar Gonja, with 35 years of experience in the oil sector, acknowledges the concern and uncertainty in Serbia regarding the current oil crisis but advises against panic. This reflects a domestic perspective on the broader international oil market situation.
South Korean President Lee Jae Myung has called for urgent efforts to secure alternative crude supplies, including potentially from Russia, as the Mideast war disrupts existing oil markets.
The oil market is behaving as if it's going through a shock of historical proportions. But the rest of the markets are behaving as if nothing is happening, writes MarketWatch.
TS Lombard suggests that the Iran conflict's effect on the global oil market could last for months, similar to the 2022 'oil shock', rather than weeks.
Taoiseach Micheál Martin's meeting with US President Donald Trump in the Oval Office was described by a former Irish ambassador as having left Martin 'without any bruises.' The meeting, which included discussions on various issues, has drawn mixed reactions and criticism from opposition parties in Ireland.
The oil market is experiencing a shock of historical proportions, described as a 'black swan' event, while other markets appear unaffected. Analysts warn that this dangerous divergence could signal a potential 20% drop on Wall Street.
Halliburton reported earnings that surpassed analyst estimates, leading to a rise in its shares, and noted early signs of a major capital expenditure upcycle and recovery in the North American oil market.
Top oil traders are issuing warnings about the long-term repercussions of war on the global oil market, anticipating a "billion-barrel shock" and that the most severe impact on demand is yet to materialize. They predict these effects will persist long after the conflict.
Strong performance in the tech sector is currently dominating global market sentiment, overshadowing ongoing concerns related to geopolitical tensions with Iran and a deteriorating situation in the oil market. This dynamic suggests that tech gains are mitigating broader anxieties about energy and regional stability.
A government's fuel tax relief policy is designed to avoid an immediate hit to state revenue but is reportedly placing significant financial pressure on Oil Marketing Companies (OMCs). The articles analyze the fiscal implications and operational challenges arising from this measure.
The United States seized an Iranian vessel near the Strait of Hormuz, prompting Tehran to vow retaliation and further escalating tensions in the critical waterway. This incident occurred ahead of planned peace talks, which Iran is reportedly considering boycotting due to US demands.
JPMorgan strategists anticipate that Brent crude oil prices will take a year to return to the $75 per barrel mark, indicating a gradual recovery or stabilization in the global oil market.
A nearly 50-day conflict involving Iran has severely impacted global oil markets, leading to the removal of over 500 million barrels and an estimated cost of $50 billion. This energy shock is expected to have long-lasting effects, particularly on Gulf producers.
The Ghanaian government has directed a reduction in petroleum product prices to provide consumer relief, a move acknowledged by the Chamber of Oil Marketing Companies (COMAC) which also raised concerns about its financial impact.
An academic suggests that the ongoing Iran war will likely lead to continued volatility in global oil markets, potentially ending the era of cheap oil. The conflict is expected to have long-term implications for energy prices.
The Slovenian government has allocated additional funds for higher Eko Sklad subsidies for heat pumps, insulation, and window replacement. This measure aims to ease the transition for households amidst rising energy prices and global oil market conditions.
While the oil market perceives the worst of the Iran war to be over, the extent of the damage suggests a slow recovery, potentially leading to crude prices remaining higher for longer.
U.S. crude oil stockpiles have reportedly declined as exports continue to rise. This trend indicates shifts in the global oil market and domestic energy dynamics.
A Gulf oil crisis, linked to an 'Iran war,' has revealed significant shortcomings in government readiness, according to the International Energy Agency. The agency concluded that this event created the largest supply disruption in the history of the global oil market.
Americans are facing record-high fuel prices, with gas costs increasing significantly as Memorial Day travel approaches. This surge is attributed to a broader crisis in the oil market.
An analysis explores the current state of crude oil markets, examining factors such as short supply and potential demand destruction.
After US-Iran negotiations collapsed in Islamabad, President Trump ordered a naval blockade of the Strait of Hormuz, threatening to eliminate Iranian ships approaching the blockade zone. NATO allies refused to join, and oil markets surged on supply fears.
Iran has issued a 'math warning' regarding oil, using a complex formula to signal potential implications for the oil market.
Vitol's trading strategy reportedly failed as the ongoing conflict involving Iran significantly disrupted oil markets. The market volatility caused by the conflict led to adverse outcomes for the company's trading positions.
The United States is proceeding with a second release from its strategic oil reserves, a measure taken to stabilize global oil markets amidst ongoing conflict in the Middle East.
Fuel prices in Romania are continuing their downward trend, with diesel dropping below 9.60 lei/liter and gasoline approaching 8.70 lei, influenced by excise duty reductions and international oil market relaxation.
The West African crude oil market continues to experience strong differentials, with traders awaiting the release of Angola's upcoming crude oil program.
Following a meeting with distributors, French Economy Minister Roland Lescure expressed caution regarding a rapid reduction in fuel prices, citing the instability of the oil market and uncertainty over a real opening.
The global oil market is experiencing significant chaos, particularly evident in the urgent demand for immediate barrel supplies.
'After the war, everyone says they won, but we'll see in two to five years. No one can predict what will happen in Iran.'
The impact on oil prices after the US-Iran ceasefire, Brace: The government has no measures to encourage savings, it was enough with the Board and the reduction of excise duty
Ghana's National Petroleum Authority (NPA), in collaboration with the Chamber of Oil Marketing Companies (COMAC), has launched Safety Week 2026 to enhance safety standards in the downstream petroleum industry.
India's Centre has directed states and Union Territories to double the daily supply of 5-kg LPG cylinders for migrant workers, ensuring targeted distribution with Oil Marketing Company support.
Goldman Sachs indicates the global oil market is entering a "danger zone," raising concerns about potential worldwide oil shortages.
The oil market is experiencing significant price volatility, with even minor statements capable of causing major shifts, leading investors to anticipate this moment as an ideal opportunity for investment.
OPEC+ members have agreed to hike oil output, though the rise is largely symbolic as some key members face limitations in increasing production. The group also warned of a slow recovery in the oil market, particularly after recent attacks, likely referring to regional conflicts.
A study warns that Europe could face a critical oil shortage as early as April 10, due to a potential blockade of the Strait of Hormuz. Such a blockade threatens to destabilize the global oil market within days.
The world is experiencing a comprehensive crisis, reminiscent of the 1970s, as the war in Iran has triggered a rapid and intense shock to oil markets, extending beyond a mere energy crisis.
Analysis explores the reasons behind US crude oil prices flipping above Brent crude by the largest margin since 2009, indicating a significant shift in global oil markets.
US President Donald Trump has confirmed the dismissal of Attorney General Pam Bondi, reportedly due to his long-standing dissatisfaction with her handling of the Epstein files. Reports indicate she will be replaced by Deputy Attorney General Todd Blanche, following private discussions about her replacement.
Wall Street analysts have upgraded Diamondback Energy, citing signals from the broader oil market that suggest a potential buying opportunity for investors.
Oil prices surged and international stock markets fell following President Donald Trump's speech and renewed threats regarding Iran, reversing earlier optimism on global markets and highlighting continued volatility.
The cost of living in the Netherlands increased by 2.7 percent in March compared to the previous year, primarily driven by elevated energy and fuel prices, according to Statistics Netherlands (CBS).
The closure of the Strait of Hormuz is identified as a major crisis for Asian economies, which are highly vulnerable due to their reliance on crude oil and liquefied natural gas (LNG) passing through the strategic waterway.
An analyst suggests that speculation in the oil market regarding a near-term ceasefire between the U.S. and Iran should diminish, indicating that such an outcome is unlikely in the immediate future.
Poland will implement its first fuel price cap starting Tuesday, as the government takes measures to protect consumers from rising global oil prices, according to the energy minister.
North American WTI crude oil prices have once again surpassed the $100 per barrel threshold, indicating a significant rise in global oil markets.
North Macedonia's Prime Minister expects a decrease in gasoline prices and a slight increase in diesel prices next week, based on careful monitoring of global oil market conditions.
Russia has announced a ban on gasoline exports starting April 1, aiming to prioritize domestic supplies and stabilize fuel prices amidst surging domestic prices and turbulence in global oil markets. Deputy Prime Minister Alexander Novak instructed the energy ministry to draft a resolution for this measure, which will last until July 31st.
Long-term prospects for combustion engines were fading even before the outbreak of war
Traders in the oil market are experiencing fatigue due to persistent price swings, as the ongoing conflict involving Iran continues to impact global energy stability.
The U.S. Postal Service has confirmed its first-ever fuel surcharge on packages, an 8% fee effective April 26 until January 2027, driven by rising oil prices, despite the global oil market being described as 'calm'.
Tim Walz has called for an investigation into officials' stock trades prior to a potential Iran ceasefire announcement, while new reports from Sweden, Italy, and Denmark highlight suspicious oil market transactions and other anomalous operations totaling over $500 million that occurred just before Donald Trump's posts on Iran caused oil price volatility, raising concerns about insider trading.
Oil prices have been rocked by volatility since the U.S.-Iran war began.
The palm oil market is experiencing a significant boost, attributed to the ongoing global conflict which is impacting the supply and prices of other edible oils.
CS Wandayi stated that oil marketers are hoarding fuel, describing the action as a direct breach of their licensing obligations.
Iran's Parliament Speaker asserted that the United States' 'oil manipulation game' will ultimately fail, criticizing US actions in the global oil market.
Brazil's government is working to prevent a trucker strike, which is threatened by rising diesel prices and fuel shortages exacerbated by the Iran war's impact on oil markets.
Iranian missile strikes are costing the oil industry billions, with the IEA warning of a severe energy crisis, while a TotalEnergies CEO cautions that oil and gas prices could surpass 2022 highs if the Hormuz crisis persists, and oil prices rise as markets assess supply risks after Iran denied US talks.
Global stock exchanges, including those in India, other Asian markets, and the US, saw significant gains and oil prices cooled after Donald Trump announced a halt to military strikes on Iran and indicated talks, easing geopolitical tensions.
Ukrainian drone attacks at the beginning of the week partially halted oil exports through Russian ports, raising questions about the extent of the damage to Russia and the global oil market.
Amid escalating Middle East conflict and unstable global oil markets, Moldova is examining its domestic oil and gas extraction in the south, while citizens face sharply rising fuel prices.
North Macedonia's government has decided to reduce the VAT on fuel from 18% to 10%, leading to new fuel prices from midnight. Despite the VAT cut, the Prime Minister expects the Energy Regulatory Commission to announce an increase in diesel and unleaded fuel prices due to global oil market developments.
Dieselin ja lentopolttoaineen hinnat ovat moninkertaistuneet sodan aikana.
Trump still has no solution for oil markets Tehran Times
A Bloomberg article suggests that current oil prices do not fully reflect the underlying realities and complexities of the global oil market.
Israel has launched a new wave of attacks on Iran, including fresh strikes on Tehran, as the US-Israel vs Iran conflict intensifies, impacting Gulf nations and global energy markets, with Netanyahu claiming victory.
Finnish oil refiner Neste has seen its stock price increase by 40% since the start of the war, benefiting from the ongoing crisis in the oil markets.
The Federal Reserve maintained its key interest rate, citing economic and geopolitical uncertainty. Following this, Hong Kong's monetary authority also kept its base rate unchanged, with analysts noting the Middle East conflict adds to rate cut uncertainty. Fed Chair Powell stated that 'stagflation' is a 1970s term and not what the economy faces today, adding it's too soon to judge the war's impact as inflation keeps the Fed on hold.
Australians are experiencing a 'petrol pinch' due to surging global oil prices, exacerbated by disruptions in key shipping routes like the Strait of Hormuz following the US-Israel war on Iran. A reader callout seeks experiences on how this is affecting daily life.
An article explores the unexpected resilience of oil markets, questioning why prices have not surged higher despite what is described as the biggest energy supply shock ever.
Equity analysts have revised down their forecast earnings for Oil Marketing Companies (OMCs), indicating a less optimistic outlook for the sector.
Pakistan's finance ministry announced on Wednesday that the country's fuel supply remains stable despite ongoing volatility in global oil markets, following a meeting chaired by Finance Minister Muhammad Aurangzeb.
Trotz der angekündigten Verlängerung der Waffenruhe mit dem Iran zeichnet sich an den Ölmärkten keine echte Entspannung ab.
Oil markets have experienced significant fluctuations and historic volatility since the start of the Iran war, primarily due to supply risks associated with the Strait of Hormuz.
Thailand's government has announced that domestic oil market conditions are beginning to stabilize. This indicates a potential easing of price volatility and supply concerns within the country.
The Kremlin stated that Russia's oil volumes cannot be ignored, commenting on a recent US waiver, highlighting the country's significant role in global oil markets.
The head of Gunvor, the world's fourth-largest independent crude trader, has warned that oil markets may experience significant volatility. He predicts a "very choppy" period for oil prices between April and June.
Morgan Stanley analysts draw parallels between the current oil market shock and the conditions observed in the early 1990s, offering insights into potential market dynamics.
An opinion piece discusses how the ongoing Iran/US conflict has significantly disrupted global affairs, particularly impacting oil markets, with the Middle East being the epicenter of this war.
The world's dependence on oil is being challenged by fears of shortages, soaring refined-fuel prices, shrinking supplies, and market uncertainty, collectively driving down consumption amid a historic supply shock.
Shareholders of the Brazilian state-owned oil company Petrobras are set to elect a new board, with the process taking place as global conflicts continue to significantly impact the oil market.
The market for North Sea oil is currently characterized by an excess of offers compared to bids, indicating a potential oversupply or reduced demand.
Global markets, particularly the oil sector, are exhibiting calm and comfort in anticipation of potential talks between the United States and Iran. This market stability reflects hopes that diplomatic engagement could help de-escalate tensions.
A conflict in the Middle East, described as an 'Iran War' or 'Gulf Energy Shock,' has triggered significant disruptions in global oil and gas markets. This has led to rising fuel and plastic prices, potential shortages, and a projected decline in oil demand growth.
The International Monetary Fund has lowered its global growth forecast and issued a warning about a potential worldwide recession. This outlook is largely attributed to the escalating conflict in the Middle East and its impact on energy markets.
The International Energy Agency (IEA) has projected that global crude oil demand will experience its sharpest quarterly decline since the COVID-19 pandemic. This forecast indicates a significant downturn in the oil market.
Senator Elizabeth Warren has called for an investigation into unusual oil market activity that occurred prior to key decisions made by the Trump administration regarding Iran.
Star Oil has recorded the highest growth in petroleum product sales, solidifying its position as the market leader in Ghana's oil marketing industry for 2025.
The global oil market continues to experience price surges due to geopolitical tensions, impacting US consumers with higher fuel costs, while oil traders are now reacting to developments like Iran's truce, which is not yet reflected in stock markets.
The Oil Market Is in the Grip of a Panicked Race for Barrels Bloomberg.com
Following disruptions in the global oil market and soaring fuel prices due to events in the Persian Gulf, an article provides advice on how to reduce fuel consumption by up to 20 percent.
Jól vizsgázott a többrétegű tartalékokat mozgósítani képes rendszer, de ezek sem tartanak ki a végtelenségig. A helyzet érdekes kontrasztot mutat az uniós kvótakereskedelemmel.
The CEO of Ghana's Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has called for full disclosure on the proceeds from the controversial "dumsor levy." This demand comes as the government is taking steps to alleviate fuel prices.
Σε μια περίοδο έντονων γεωπολιτικών εξελίξεων, ο Πρωθυπουργός Κυριάκος Μητσοτάκης παραχώρησε συνέντευξη στο CNN και τη δημοσιογράφο Κριστιάν Αμανπούρ, όπου τοποθετήθηκε για την εκεχειρία στη Μέση…
Fears of an escalation in the Iran conflict have caused stocks to tumble and crude prices to jump. The ongoing 'third Gulf war' is projected to have a lasting impact on energy markets, with residual risks and damaged infrastructure expected to keep prices elevated for an extended period.
An oil crisis triggered by US-Israeli operations against Iran has highlighted global economic and energy security concerns, with discussions on potential revenue for Iran from the Strait of Hormuz. Brent crude oil prices have dropped following reports of an Iran war ceasefire.
US shale oil producers are anticipated to boost their crude output, capitalizing on a price rally in oil markets that has been influenced by developments related to the Strait of Hormuz.
A rare reversal in the oil market sees American WTI crude trading $4 higher than Brent, breaking a decades-long traditional relationship and sending a warning signal to the market.
The current price of oil was reported as of April 6, 2026. This update provides a snapshot of the global crude oil market's valuation on that specific date.
An argument is made for implementing measures to protect food prices from the disruptive impacts of fluctuations in global oil markets.
An analysis explores the future trajectory of oil prices, examining factors that could influence the cost of a barrel in 2026. The report discusses the current state and potential shifts in the global oil market.
Energy traders are facing significant losses and rumors of insider trading due to extreme market volatility, which is being driven by the ongoing conflict in the Middle East.
An analysis explores the recurring pattern of oil markets disrupting economies and leading to recessionary outcomes over the past three decades. It suggests that investors often learn the wrong lessons from past oil shocks.
The Middle East conflict continues to deepen the global energy crisis, driving oil prices above $109 and causing aluminum prices to explode to record levels, while also prompting a discussion on the US's true energy independence from the region, despite claims by former President Trump. The ongoing conflict has also led to cruise lines canceling and rerouting voyages, with some companies repatriating stranded guests, and Malaysia's Prime Minister has convened a special meeting to ensure supply stability.
West Texas Intermediate (WTI) crude oil prices have risen above Brent crude, indicating a shift in the global oil market dynamics between the two major benchmarks.
An analysis suggests that former President Trump's unpredictability has disrupted the oil market, with traders reportedly no longer reacting to his statements as oil prices continue to rise.
Sugar prices have fallen, attributed to a general weakness observed in the crude oil market.
The ongoing conflict, now described as a widening war, continues to drive up global oil and fuel prices, with oil settling near a 4-year high, leading to an 'energy shock' and potentially moving the oil market into demand destruction mode.
The European and African oil markets are experiencing a tightening supply as Asian countries increase their purchases, impacting global oil dynamics.
Carole Nakhle of Crystol Energy asserts that oil markets are not currently in a crisis mode, despite recent price surges, offering an expert perspective on the global energy landscape.
The global oil market is reportedly entering a phase of demand destruction, indicating a significant decline in consumption.
The oil market is currently in a state of backwardation, a condition where future prices are lower than current spot prices, which could indicate a potentially positive outlook for the market.
US President Donald Trump has again threatened Cuba, stating 'Cuba is next' during a speech, reiterating his stance on intervention after actions in Venezuela and the capture of its former president.
An analysis reveals that global oil and gas prices are determined by a complex interplay of factors, often appearing unpredictable, with recent reports highlighting the fragmentation of oil markets due to significant shifts in global supply.
BlackRock CEO Larry Fink explained how oil prices could return to $40 a barrel, stating that a regime change in Iran is not necessary, while also commenting on significant global economic shifts. Meanwhile, oil markets are pricing in peace, though upside risks persist.
US President Donald Trump has again postponed planned strikes on Iranian energy infrastructure, extending the deadline to April 6 and citing progress in ongoing talks. He also noted Iran's allowance of 10 oil tankers through the Strait of Hormuz as a positive sign, indicating seriousness in negotiations, as Operation Epic Fury continues.
Japan is exploring strategies to leverage the oil market as a means to bolster the value of its currency, the yen.
The ongoing Middle East war has significantly worsened German business sentiment, fueled inflation fears, and caused British consumer confidence to plunge, with global markets reacting to ceasefire prospects by sending oil prices soaring and stocks sliding. The conflict also contributes to a global energy crisis, pushing crude oil prices to $100 per barrel, and creates uncertainty for American oil drillers, potentially tempering supply increases.
Japan has announced it will begin releasing oil from its national reserves starting Thursday, in an effort to stabilize domestic supplies amidst concerns related to global oil markets and the Iran war.
The United Kingdom and France are set to chair talks to restore maritime navigation through the Strait of Hormuz, as gas prices rise and the Iran war dampens the Swedish economy, reflecting broader Middle East tensions impacting oil markets and European economies.
Despite a significant drop in crude oil prices from $130 to $100 per barrel, oil marketers in Lagos, Nigeria, have continued to sell Premium Motor Spirit (PMS) at high prices.
The CEO of ConocoPhillips expects the crude oil market to transition into a state of contango, where future prices are higher than current spot prices.
Green energy stocks in China have experienced a significant surge as the ongoing Middle East conflict continues to disrupt global oil markets, prompting investors to seek alternatives.
President Trump's claims of 'very good' talks with Iran, aimed at de-escalation and impacting oil markets, are met with denials from Iran regarding direct negotiations, as discussions continue for a resolution in the Middle East.
The price of Azeri Light oil has fallen by over 5%, reflecting a broader decline in the global oil market.
An analysis explores historical market reactions to a hypothetical Iran war, while Chevron's CEO warns the conflict's full impact is not yet priced into oil futures. Meanwhile, Iranian missile strikes are reportedly costing major oil companies billions in lost revenue.
US Energy Secretary Chris Wright announced that oil from US reserves began flowing on Friday, following his earlier statements that oil market disruptions linked to the Middle East war are expected to be temporary and prices have not yet caused demand destruction.
Despite record-high fuel import costs driven by the West Asia conflict, public and private sector Oil Marketing Companies in India continue to absorb these expenses without increasing pump prices for petrol and diesel.
The United States has reportedly eased sanctions on Iranian oil transported by ships, a development that could impact global oil markets and US-Iran relations.
As the Iran War enters its fourth week, global energy prices continue to surge, with the oil market's seaborne buffer rapidly depleting, testing market optimism and leading Wall Street to confront an 'energy war', while G7 nations declare readiness to take all necessary measures to support global energy supply.
Governments across Southeast Asia are introducing fuel rations and cash handouts to conserve energy and shield the public from rising costs, as the ongoing Middle East war disrupts the global oil market.
Oil markets split: Middle East crude surges to $131 while Brent slides to $107, WTI down to $94 Gulf News
The CEO of oilfield equipment supplier SBO states that the global oil market situation is 'highly dangerous' due to limited reserves, with Saudi Arabia unable to stabilize prices because the Strait of Hormuz is blocked.
Diesel prices at gas stations in Sarajevo, Bosnia and Herzegovina, have once again risen, with the latest data showing new increases pushing prices above 3 Bosnian Marks per liter.
60-day lifting of the American Jones Act by Donald Trump, aiming to stabilize oil markets. The US president decided on the temporary suspension of the Jones Act so that...
The ongoing conflict between Iran and the US is having significant implications for global oil markets, affecting prices and supply chains.
Oh, man . . .