Uncategorized

Fed holds interest rates steady as Iran war drives up oil prices and inflation fears

Fed holds interest rates steady as Iran war drives up oil prices and inflation fears

Uncategorized / By

The US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices. Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s […]

Fed holds interest rates steady as Iran war drives up oil prices and inflation fears Read More »

It’s almost inexplicable why oil prices aren’t much higher. But here’s why markets are ‘resilient’ so far despite the biggest energy supply shock ever

It’s almost inexplicable why oil prices aren’t much higher. But here’s why markets are ‘resilient’ so far despite the biggest energy supply shock ever

Uncategorized / By

The war in Iran represents the biggest energy supply shock in history with the Strait of Hormuz choke point effectively off limits to the 20% of global oil and liquefied natural gas that flows through it each day. While the U.S. benchmark for oil continues to rise to near $100 per barrel—up 70% since the

It’s almost inexplicable why oil prices aren’t much higher. But here’s why markets are ‘resilient’ so far despite the biggest energy supply shock ever Read More »

Saudi, UAE and Qatar energy facilities are evacuated after Iran threatens ‘full scale economic war’ as oil price jumps 5%: Live updates

Saudi, UAE and Qatar energy facilities are evacuated after Iran threatens ‘full scale economic war’ as oil price jumps 5%: Live updates

Uncategorized / By

By JAMIE BULLEN, LIVE COVERAGE EDITOR Updated: 16:08 GMT, 18 March 2026 Oil prices have soared by 5% as Iran threatens to wage a ‘full scale economic war’ by attacking energy facilities across the Middle East in response to a missile strike at one of its gas plants. Energy sites in Saudi Arabia, the United

Saudi, UAE and Qatar energy facilities are evacuated after Iran threatens ‘full scale economic war’ as oil price jumps 5%: Live updates Read More »

Oil dips and stocks extend gains as US, Israel, Iran continue strikes

Oil dips and stocks extend gains as US, Israel, Iran continue strikes

Uncategorized / By

Oil tankers in the Singapore Straits in Singapore March 17, 2026. — Reuters Oil has stuck around $100 a barrel. Equity traders shift back into market. Strait of Hormuz remains closed. Asian markets mostly rose on Wednesday, and oil prices dipped following another tech-led advance on Wall Street, as the United States hit Iranian missile

Oil dips and stocks extend gains as US, Israel, Iran continue strikes Read More »

Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure

Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure

Uncategorized / By

A pump jack is seen on March 17, 2026 in Stanton, Texas. Brandon Bell | Getty Images Oil prices slipped on Wednesday despite escalating attacks on the United Arab Emirates’ energy infrastructure, as rising U.S. crude inventories helped offset rising geopolitical risk premiums. Prices of Brent, the international benchmark, declined 1.17% to $102.19 per barrel.

Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure Read More »

Danielle Smith hopes to balance Alberta budget even with moderate oil prices

Danielle Smith hopes to balance Alberta budget even with moderate oil prices

Uncategorized / By

Alberta Premier Danielle Smith said Tuesday her long-term goal is to be able to balance the province’s books even with moderate oil prices. In about 10 years, she said, she’d like Alberta to bring spending in line with revenues that US$60-per-barrel oil would bring to provincial coffers. “That’s where we have be. But then when

Danielle Smith hopes to balance Alberta budget even with moderate oil prices Read More »

Start typing and press enter to search