Oil prices soared in the early session today, March 2, extending gains from last week, as focus shifted to supply prospects amid the ongoing conflict in the Middle East, despite OPEC+ announcing an increase in production in April. Brent crude was trading up 7.62% at $78.42 a barrel, at 09:07 am Makkah time, receding from […]
Oil surges 7.5% amid supply pressures Read More »
Oil prices soared and stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East. Brent crude oil prices briefly spiked almost 14 percent and West Texas Intermediate nearly 12 percent at the start of business after the attack on the
Oil prices soar after Iran strikes, BAD news for SA’s fuel price Read More »
KUALA LUMPUR, Feb 27 : Malaysian state energy firm Petroliam Nasional Bhd , on Friday warned of eroding margins amid persistent geopolitical and economic risks, as subdued oil prices saw its profits decline for the third straight year. Petroliam Nasional, or Petronas, reported a profit after tax of 45.4 billion ringgit ($11.68 billion) in 2025
Petronas sees profit slide for third straight year as oil prices weigh on margins Read More »
Oil prices dipped on Friday, heading for a weekly decline as the United States and Iran extended nuclear talks, easing supply fears, while OPEC+ considers resuming output increases at Sunday’s meeting. The post Oil prices dip as US-Iran extend nuclear talks appeared first on Nairametrics… https://nairametrics.com/2026/02/27/oil-prices-dip-as-us-iran-extend-nuclear/
Oil prices dip as US-Iran extend nuclear talks Read More »
By Alex Kimani – Feb 25, 2026, 7:00 PM CST Geopolitical tensions between the U.S. and Iran have pushed oil prices to seven-month highs, as markets factor in a sizable risk premium ahead of critical negotiations. Despite heavy sanctions by the West, Iran’s oil output has recovered to near pre-sanctions levels thanks to the OPEC
5 European Oil Stocks To Buy As Iran Risk Premium Boosts Oil Prices Read More »
By Irina Slav – Feb 22, 2026, 6:00 PM CST Oil prices hit six-month highs as escalating U.S.-Iran tensions raise fears of potential supply disruptions involving Iran’s 3 million barrels per day of output. Markets appear complacent despite rising military threats, with both sides issuing warnings, U.S. forces increasing their Gulf presence, and Iran conducting
Oil Traders May Be Pricing Iran Risk Too Lightly Read More »
Oil drilling rigs Oil prices closed higher on Friday, logging their first weekly gain this month at nearly 6%, driven by concerns that a potential military confrontation between the US and Iran could disrupt crude supplies. Brent crude for April delivery edged up 0.14%, or 10 cents, to settle at $71.76 a barrel, extending weekly
Oil settles higher, posts 6% weekly gain Read More »
By Irina Slav – Feb 20, 2026, 12:38 AM CST Crude oil prices were on course for their first weekly increase after three consecutive weekly losses, following President Trump’s latest threat to Iran that gave the country 10-15 days to make a deal or “really bad things” would happen. At the time of writing, Brent
Oil Prices Head for First Weekly Gain Since January on Iran Tensions Read More »
Oil price to touch $100 as Iran nuclear talks collapse? Oil markets are flashing red. Brent crude crossed $71.41 a barrel on February 19, 2026, while WTI settled near $66.27 — a sharp climb that has little to do with supply fundamentals and everything to do with one word: Iran. The Trump administration has positioned
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Trump says he will decide in next 10 days whether US strikes Iran Read More »
