Chris Price and Joe Wright March 16, 2026 — 6:35pm The Trump administration is considering intervening in oil markets to push down prices despite warnings that it would risk a “biblical disaster”. Doug Burgum, the US interior secretary, said officials had discussed trading in the so-called futures markets after war in Iran put the price […]
‘Biblical disaster’: Trump plots a radical move to control oil prices Read More »
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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to channel gains from the current surge in global oil prices into investments in Nigeria’s gas infrastructure. The post PETROAN urges FG to invest oil price gains in gas infrastructure appeared first on Nairametrics… https://nairametrics.com/2026/03/15/petroan-urges-fg-to-invest-oil-price-gains-in-gas-infrastructure/
PETROAN urges FG to invest oil price gains in gas infrastructure Read More »
An economist, Chijioke Ekechukwu, says Nigeria could have recorded a major economic windfall from the current surge in global crude oil prices if its production had been operating at full capacity. Mr Ekechukwu, the group managing director/chief executive officer of Bristol Investment Limited, said this in an interview with journalists in Abuja on Sunday, while
The vessel Lng Dubhe, a LNG tanker sailing under the flag of Hong Kong, leaves the Port of Bilbao after her stopover at the Bizkaia Bay Gas (BBG) regasification plant in the Spanish Basque city of Zierbena on March 9, 2026. (Photo by ANDER GILLENEA / AFP) US President Donald Trump on Saturday said countries
Other Countries ‘Must Take Care’ Of Hormuz Strait, Says Trump Read More »
The oil market sent a clear signal this week that a massive release of stockpiled crude by the U.S. and its allies is nowhere near enough to address the unprecedented supply disruption triggered by the Iran war. More than 30 nations in Europe, North America and Northeast Asia agreed to flood the market with 400
Oil drilling rigs Oil prices rose on Friday, closing above $100 per barrel as shipping disruptions in the Strait of Hormuz persisted and the US president threatened to intensify military strikes on Iran in the third week of the war. Brent crude futures for May delivery increased 2.67%, or $2.68, to $103.14 per barrel, recording
Oil posts weekly gains of over 11% Read More »
Ukraine’s President Volodymyr Zelensky (L) and France’s President Emmanuel Macron (R) arrive for a press conference following talks focused on the support from France and European partners to help Ukraine defend itself, and on ways to increase pressure on Russia, at the Elysee Presidential Palace in Paris on March 13, 2026. Photo by LUDOVIC MARIN
Macron Pledges No ‘Respite’ For Russia Despite Mideast War Read More »
Home Market News Dow Jones Today | US Stock Market LIVE: Dow dives 500 points as oil jumps, Iran says it will keep Strait of Hormuz shut Dow Jones Today | US Stock Market LIVE Updates: Stocks were under pressure on Thursday (March 12) as oil prices added to their surge on supply disruption worries
Goldman raises U.S. PCE forecast, cuts GDP outlook on higher oil prices https://www.investing.com/news/economy-news/goldman-raises-pce-forecast-cuts-gdp-outlook-on-higher-oil-prices-4556900
Goldman raises U.S. PCE forecast, cuts GDP outlook on higher oil prices Read More »
