The weekend attacks on Iran’s oil facilities – widely seen as part of escalating hostilities between Israel and Iran – represent a dangerous moment for global energy security. While the physical damage to Iran’s production facilities is still being assessed, the broader strategic implications are already rippling through global oil markets. There is widespread concern […]
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Live By Michael Kern – Jun 13, 2025, 7:58 AM CDT Updated: Jun 13, 2025, 1:01 PM CDT Israel conducted large-scale military strikes targeting Iran’s nuclear and military sites, causing a sharp increase in global oil prices. Fears of disruptions to Middle East oil supplies and potential retaliatory actions from Iran led to market volatility
LIVE: Oil Prices Surge As Israel-Iran Conflict Heats Up Read More »
“Given that the strikes appear to have been directed more at the Iranian military general staff, including the head of the IRGC and senior nuclear scientists, and that the US was not involved, that suggests that what we saw today was more of a pre-emptive strike and less of a sustained military conflict.” International Response
Oil Price News: Crude Oil Soars as Israel Attacks Iran, Spiking Supply Concerns Read More »
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Indices decline 1% amid rising crude prices and geopolitical tensions Read More »
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.53 per barrel, down from Wednesday’s close at $67.20. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.75 after its previous daily close at $69.47. WTI Oil FAQs WTI Oil is a type of
Crude Oil price today: WTI price bearish at European opening Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Jun 11, 2025, 7:00 PM CDT Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“ 3-3-3” plan wherein the Trump administration will target real GDP growth of 3% per
U.S. Crude Production Set For A Decline Amid Low Oil Prices Read More »
Nigeria’s naira rose for a seventh day to a two-month high against the dollar on Tuesday amid higher oil prices and as investor concerns over US trade tariffs eased. The unit gained 0.7% to 1,539 per dollar at 3:05 p.m. in Lagos, its strongest level since early April as oil prices rose to $67.50 per
Nigeria’s naira strengthens as oil rises and trade worries ease Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 10, 2025, 3:44 PM CDT The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by
Gasoline, Distillate Builds Spook Oil Markets Read More »
A record $5 billion loan from Aramco, the Saudi Arabian state-owned oil company, to Nigeria has been threatened by a drop in crude oil prices and declining production, a report has revealed. Reuters, in a report on Tuesday, said the recent drop in crude prices has raised concerns among banks expected to support the deal,
Crude price slump, low production threaten Saudi oil firm’s $5bn loan to Nigeria Read More »
