Pumpjacks draw out oil and gas from well heads as wildfire smoke hangs in the air near Calgary on May 12, 2024. Photo by Jeff McIntosh /The Canadian Press via AP Article content North American oil prices fell sharply on Monday after tensions between the United States and Iran appeared to ease, lowering the risks of […]
March WTI crude oil (CLH26) on Friday closed down -0.21 (-0.32%), and March RBOB gasoline (RBH26) closed up +0.0069 (+0.36%). Crude oil prices gave up an early advance and turned lower after President Trump ratcheted down the war rhetoric over Iran and said he had overnight discussions with Iran and indicated he expected them to
Crude Prices Falter as President Trump Dials Down Rhetoric on Iran Read More »
With Brent crude trading around $69 per barrel above Nigeria’s 2026 federal budget benchmark of $64.85, the price rally would largely bolster the country’s fiscal revenues, foreign exchange reserves and promote exchange rate stability. Analysts posit that a full-scale conflict disrupting the Strait of Hormuz—a chokepoint for about 20 per cent of global oil flows
Oil Prices Rally Brightens Naira, CBN Foreign Reserves’ Prospects Read More »
By Julianne Geiger – Jan 30, 2026, 1:30 PM CST The European Union is quietly preparing to take a much bigger swing at Russia’s oil trade. And this time, Brussels is aiming less at price optics and more at enforcement reality. The EU is reportedly weighing whether to scrap its Russian oil price cap altogether
EU Weighs Scrapping Russia Oil Price Cap for Harder Sanctions Read More »
NEW YORK (AP) — Financial markets churned on Friday as investors tried to figure out what President Donald Trump’s new nominee to lead the Federal Reserve will mean for interest rates. U.S. stocks fell, with the S&P 500 down 0.4% after sinking as much as 1.1% earlier in the day. The Dow Jones Industrial Average
Asian shares slip after Wall Street settles following dramatic swings Read More »
Oil drilling rigs Oil prices rose on Friday, heading toward weekly gains, after US President Donald Trump renewed his threats against Iran, raising concerns over potential military action that could disrupt supplies. Brent crude futures for March delivery climbed about 0.75%, or 47 cents, to USD 64.53 a barrel as of 09:18 am KSA time.
Oil prices on track for weekly rise Read More »
Synopsis Venezuelan crude: IOCL’s Sahney said that stable global crude oil prices and India’s strong economic growth are creating a favourable environment for both oil producers and consumers, while underlining the company’s long-term focus on cleaner forms of energy. ANI IOCL Chairman A S Sahney Davos: Chairman of Indian Oil Corporation Ltd (IOCL), A S
“We can process Venezuelan crude if made available”: IOCL Chairman says at Davos Read More »
Synopsis Crude oil prices dipped on Wednesday, with West Texas Intermediate falling as geopolitical tensions and anticipated U.S. inventory builds overshadowed a temporary output halt in Kazakhstan. Despite a brief rally on strong China data and the Kazakh field shutdowns, broader market pressures are expected to persist, impacting global oil markets. ETMarkets.com West Texas Intermediate
WTI oil prices fall as risks from Kazakh production halt subside Read More »
Oil drilling rigs Oil prices settled higher on Friday, as markets remained focused on supply risks despite easing geopolitical tensions related to Iran. Brent crude futures for March delivery gained 0.58%, or 37 cents, to settle at $64.13 a barrel, extending weekly gains to 1.25%. Meanwhile, US WTI futures for February delivery rose 0.42%, or
Oil prices close higher, record weekly gains Read More »
February WTI crude oil (CLG26) on Friday closed up +0.25 (+0.42%), and February RBOB gasoline (RBG26) closed up +0.0014 (+0.08%). Crude oil and gasoline prices settled higher on Friday, recovering some of Thursday’s sharp selloff. Geopolitical risks in Iran are supporting crude prices even as the chance of an immediate US response to violent
Iran Tensions Underpin Crude Oil Prices Read More »
