A store helper selling Liquefied Petroleum Gas (LPG) changes the LPG prices on their price board in Paco, Manila on March 25, 2026. The STAR / Edd Gumban MANILA, Philippines — President Ferdinand Marcos Jr. has approved a three-month suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene to cushion the impact of […]
Marcos suspends LPG, kerosene excise taxes for 3 months Read More »
Home World News US-Iran War Highlights: Ship traffic resumes in Strait of Hormuz after reopening US-Iran War Highlights: Ship traffic has resumed through the Strait of Hormuz, signalling easing tensions as diplomacy between the US and Iran gathers pace. Markets rallied and oil prices fell, even as the United States Central Command said its naval
US-Iran War Highlights: Ship traffic resumes in Strait of Hormuz after reopening Read More »
Higher Oil Prices Could Ground African Airlines, Raise Food Prices – Dangote Aliko Dangote, Africa’s richest man, has warned that surging oil prices driven by tensions around the Strait of Hormuz could devastate airlines and worsen food inflation across the continent. Dangote spoke on Thursday during an interview with Semafor World Economy in Washington DC,
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Oct NY world sugar #11 (SBV23) on Monday closed +0.19 (+0.79%), and Oct London white sugar #5 (SWV23) closed +4.80 (+0.71%). Sugar prices Monday posted moderate gains. Strength in crude oil (CLU23) supported sugar prices after WTI crude on Monday rallied more than +1% to a 3-1/2 month high. Higher crude prices benefit ethanol prices
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By Josh Owens – Apr 16, 2026, 9:11 PM CDT Oil prices were once again under pressure in early Asian trade as a 10-day ceasefire between Israel and Lebanon came into effect and President Trump suggested talks with Iran may resume this weekend. At the time of writing, WTI was trading at $93.26, down 1.51%,
A Lebanon Ceasefire and Potential Iran Peace Talks Push Oil Prices Down Read More »
By Tsvetana Paraskova – Apr 16, 2026, 7:00 PM CDT Oil prices are holding below $100 amid ceasefire hopes, but markets remain highly volatile and driven by geopolitical headlines. Physical supply is still severely constrained, with flows through the Strait of Hormuz far below normal and spot prices surging well above futures. Price risks are
What’s Next for Oil Prices? Read More »
Just as oil prices on the futures market slip again on hopes for a quick end to the war in the Middle East, the head of the International Energy Agency issued a warning: prices are going to go higher yet. “Prices are already high, but they are not reflecting the severity of the problem —
IEA Chief issues stark warning on oil prices Read More »
By Josh Owens – Apr 15, 2026, 9:30 PM CDT Oil prices were flat in early Asian trade on Thursday as tentative signs of diplomatic progress between Washington and Tehran were offset by continued and intensifying supply tightness. At the time of writing, WTI was trading at $91.38, up just 0.1%, while Brent was up
Oil Prices Steady as Traders Balance Diplomatic Progress With Physical Shortages Read More »
Posted by African Examiner Featured, Latest Headlines, News, News Across Nigeria Wednesday, April 15th, 2026 (AFRICAN EXAMINER) — Airline Operators of Nigeria (AON) has warned that domestic flights may be suspended from April 20 over the persistent rise in the price of Jet A1, also known as aviation fuel. The body said in a notice
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In the US, crude stockpiles declined along with all major refined-product categories. Oil and fuel exports have jumped to a record as overseas buyers hunt for oil, particularly those based in Asia. By CNBC-TV18 April 16, 2026, 5:31:50 AM IST (Published) Crude oil prices remained steady in early Asian trading on Thursday, April 16, devoid
Crude oil prices continue to remain above $90 a barrel amidst ceasefire extension talks Read More »
