Audio By Vocalize Petroleum prices remain unchanged in December EPRA review. [File, Standard] Motorists will now pay less at the pump after the Energy and Petroleum Regulatory Authority (EPRA) announced fresh cuts to fuel prices in the latest monthly review. The price of super petrol has dropped by Sh4.24 per litre, diesel by Sh3.93, and […]
Relief at the pump as fuel prices drop Read More »
Oil drilling rigs Oil prices fell in Friday trading and were set for a second straight weekly decline as market concerns over a potential US–Iran conflict disrupting supplies continued to ease. April Brent crude futures slipped 0.15%, or 10 cents, to $67.42 a barrel at 09:23 am KSA time. Prices are on track to fall
Oil prices decline, set for second straight weekly drop Read More »
By Charles Kennedy – Feb 12, 2026, 10:30 AM CST The sanctions squeeze on oil supply from Russia and Iran are tightening the oil market and supporting crude prices as buyers look for additional legit barrels while sanctioned supply is piling in floating storage, according to the world’s biggest independent oil trader, Vitol. “The
Top Trader Sees Sanctions Tightening Market and Lifting Oil Prices Read More »
West Texas Intermediate (WTI) Oil price edges lower after registering over 1% gains in the previous session, trading around $64.80 during the Asian hours on Thursday. Crude Oil prices face pressure after the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that US crude inventories jumped by 8.53 million barrels last week. At
WTI remains below $65.00 as US crude inventories build last week Read More »
By Tsvetana Paraskova – Feb 11, 2026, 7:00 AM CST Fourth-quarter earnings at French supermajor TotalEnergies ( NYSE: TTE ) fell by 13% from a year earlier as higher upstream production and improved refining margins couldn’t offset the decline in oil prices. TotalEnergies on Wednesday reported an adjusted net income of $3.84 billion for the
TotalEnergies Q4 Profit Slips on Lower Oil Prices Read More »
TLDR BP suspended share buybacks to strengthen its balance sheet as oil prices remain under pressure from oversupply concerns. The British energy company reported Q4 profit of $1.54 billion, matching forecasts but down from $2.21 billion in Q3. Shares fell 5.4% in London trading after the buyback suspension announcement, with U.S. shares down 6% pre-market.
BP Stock Drops 5% as Company Suspends Share Buyback Program Read More »
Oil drilling rigs Oil prices settled higher on Friday, backed by a weaker dollar, but posted their first weekly decline since the start of the year amid relatively subdued tensions between the United States and Iran. Brent crude futures for April delivery rose 0.74%, or 50 cents, to $68.05 a barrel, but fell 3.73% over
Oil prices settle higher, post first weekly loss in 2026 Read More »
Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years, a further sign that global supplies are running ahead of demand. State oil producer Saudi Aramco will reduce the price of its Arab Light grade by 30 cents a barrel to parity with the regional benchmark
Saudis cut key oil price for Asian buyers Read More »
By Tsvetana Paraskova – Feb 06, 2026, 6:30 AM CST Ahead of the U.S.-Iran nuclear talks on Friday, Tehran signaled that the negotiations will likely be a long process, dashing hopes of a quick and more sustainable de-escalation of tensions in the key oil-producing Middle Eastern regions. Oil prices initially rose early on Friday
Oil Markets Waver as Iran Prepares for Prolonged Nuclear Negotiations Read More »
By Irina Slav – Feb 06, 2026, 1:11 AM CST Crude oil prices were set for their first weekly decline since the start of the year as the risk of a direct military confrontation between the United States and Iran de-escalated. At the time of writing, Brent crude was trading at $68.09 per barrel, and
Oil Prices Set for First Weekly Dip of the Year Read More »
