Oil drilling rigs Oil prices fell on Friday and were on track to post weekly losses of nearly 8% as supply concerns eased after several oil tankers stranded in the Strait of Hormuz resumed their voyages, offsetting the impact of an attack on a cargo ship off the coast of Oman. Benchmark crude futures had
Oil falls, heads for weekly loss of nearly 8% as supply concerns ease Read More »
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. On Sunday, U.S. Vice President JD
The ESRI said food prices need to be closely monitored over the coming months. Alamy Stock Photo strait of hormuz The effect of sustained high energy prices is expected to soon impact other sectors, the ESRI said. LAST UPDATE | 2 hrs ago HIGHER FOOD PRICES are expected in the coming months due to the
Oil prices expected to remain ‘well above’ pre-war levels over the next year, say ESRI Read More »
By Alex Kimani – Jun 24, 2026, 8:30 AM CDT The euro has sunk to a one-year low, with easing of tensions between the United States and Iran helping to cool oil prices and raise expectations that the European Central Bank will turn more dovish. The euro was quoted at $1.135 against the U.S. dollar
Euro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut Bets Read More »
Photo taken on March 31, 2026 shows a pump plugged into a school bus at a gas station in New York, the United States. (Xinhua/Zhang Fengguo) Brent vs. WTI vs. Middle Eastern crude — they’re all crude oil, so what’s the real difference? BEIJING, June 24 (Xinhua) — Crude oil prices are constantly in the
Explainer: Brent, WTI and Middle Eastern crude – Read More »
Nigerian airlines are increasingly relying on commercial bank loans to sustain daily operations as the cost of aviation fuel continues to place heavy pressure on the industry. The Chief Executive Officer of Air Peace and vice-president of the Airline Operators of Nigeria (AON), Allen Onyema, disclosed this on Tuesday. Mr Onyema said operators are struggling
Nigerian airlines now depend on bank loans as fuel costs soar — Onyema Read More »
By Irina Slav – Jun 23, 2026, 12:30 AM CDT Crude oil prices extended their decline today, with Brent crude sliding to $77.51 per barrel at the time of writing, and West Texas Intermediate at $73.62 per barrel, on reports that the United States and Iran were making progress in their peace talks. The latest
Oil Prices Continue to Slide as Peace Talks Progress Read More »
Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Set us as your preferred Google source Premium Content By Tsvetana Paraskova – Jun 22, 2026, 6:00 PM CDT Oil prices remain volatile as confusion over
Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets Read More »
Staff writers Updated June 23, 2026 — 11:14am, first published June 23, 2026 — 5:18am The Australian sharemarket went sideways in lunchtime trade after oil bounced back from losses overnight following progress in peace talks between the US and Iran, while Wall Street was weighed down by falls of several tech giants. The S&P/ASX 200
ASX set to rise, SpaceX slumps on Wall Street; Oil prices fall Read More »
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