As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility. If Iran closes the Strait of Hormuz as it is considering, it would restrict the global oil trade and trigger energy chaos. Petrol in some Australian cities could hit […]
Galactic Energy, a Chinese private space launch enterprise, announced that it has carried out a successful test run of its self-developed Welkin 50-ton reusable liquid oxygen/kerosene engine. Galactic Energy, a Chinese private space launch enterprise, announced on Tuesday that it has carried out a successful test run of its self-developed Welkin 50-ton reusable liquid oxygen/kerosene
Private Chinese Aerospace Firm Galactic Energy Completes Rocket Engine Test Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Jun 24, 2025, 1:32 AM CDT Crude oil prices slumped today, following a social media statement by President Trump saying that the Iran-Israel ceasefire is now in effect,
Oil Prices Tumble on Iran-Israel Ceasefire Read More »
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Hibiscus, Dialog to benefit from oil price spike, but gains may not last Read More »
2025 © New Straits Times, New Straits Times Press (M) Bhd (Co. No. 196101000449 / 4485 H). A part of Media Prima Group. Subscribe Disclaimer Personal Data Protection Act Contact Us https://www.nst.com.my/business/corporate/2025/06/1235146/shares-rally-oil-slumps-trump-announces-iran-israel-ceasefire
Shares rally, oil slumps as Trump announces Iran-Israel ceasefire Read More »
Navigation for News Categories Nicola Willis has ruled out fuel subsidies for New Zealanders as the ongoing conflict in the Middle East hikes up global oil prices. The Finance Minister is keeping a close eye on the price of a barrel of oil and said the latest situation update she had from Treasury was that
Nicola Willis rules out fuel subsidies for New Zealand amid global oil price surge Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Jun 23, 2025, 7:00 PM CDT U.S. oil producers rapidly increased hedging activities to lock in higher prices following a surge triggered by Israel’s
U.S. Oil Producers Rushed to Hedge… Just in Time Read More »
By Tom Kool – Jun 23, 2025, 6:27 PM CDT WTI crude prices fell over 5% to $65.02/barrel after ceasefire announcement. Ceasefire reduces geopolitical risk premium previously inflating oil prices. Market attention now shifting back to supply-demand fundamentals. Oil prices continue to plunge on Monday afternoon following US President Donald Trump’s announcement of a tentative
Oil Prices Tumble as Trump Announces Iran-Israel Ceasefire Read More »
What if the largest threat to global markets is not an oil price shock, but a prolonged conflict leading to a deeper US involvement in the war effort, with ultimate implications for defense spend and thereby for the fiscal outlook, TDS’ Senior Commodity Strategist Daniel Ghali notes. Markets face deeper risk from US war involvement “Gold remains the lowest-risk
Gold shines amid fiscal fog and geopolitical shadows – TDS Read More »
Commuters wait for jeepneys along United Nations Avenue in Manila on June19, 2025. The STAR / Ryan Baldemor MANILA, Philippines (2nd update, 6:52 p.m.) — Oil companies have begun rolling out staggered price hikes starting June 24, following the Department of Energy’s (DOE) call to ease the impact of a looming P5-per-liter increase on consumers. The
Staggered increases: Oil price hikes set for June 24, 26, 27 Read More »
