BEIJING: Oil prices rose more than US$3 a barrel at the market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday (Sep 13). Brent crude futures rose US$3.62, or 3.46 per cent, to US$108.23 per barrel as of 10.14pm GMT Sunday. WTI futures rose US$3.15, or 3.15
Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz Read More »
The crude oil tanker Giannis unloads its cargo of Middle Eastern crude at the Motor Oil terminal in Agioi Theodoroi, near Corinth, Greece, on August 24, 2026, following its departure from the United Arab Emirates’ bunkering hub of Fujairah. The tanker is operated by Greece-based Dynacom Tankers Management, a fleet manager whose vessels operate across
Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock Read More »
As battery costs fall and fuel prices remain high, electric vehicles (EVs) are becoming the most cost-effective choice for drivers in Europe, according to a new report from the International Council for Clean Transportation (ICCT). That trend is changing the automotive market and manufacturing across Europe and reducing the European Union’s fossil fuel import bill.
Analysis: The Cost Of Electric Cars Is 33% Lower Than The Cost Of Gasoline Cars Read More »
Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS) at its gantry by N85 per litre, raising the wholesale price from N1,265 to N1,350. The latest adjustment, representing a 6.7 per cent increase, comes amid a sharp rise in international crude oil prices and higher petroleum product replacement costs. According to a
Dangote raises petrol price by N85 amidst crude rally Read More »
US President Donald Trump has signalled that the conflict between the United States and Iran could be nearing an end, raising expectations of easing geopolitical tensions and a potential decline in global oil prices. Trump, speaking in Ireland, said the war could end soon and predicted that crude prices would fall once the conflict is
Trump signals possible end to US-Iran war, oil prices set to fall Read More »
Fuel station- Reuters Egyptian TV host Amr Adib warned of the repercussions that a sharp rise in oil prices—with the price per barrel exceeding US$104—could have on fuel prices in Egypt. He questioned how the government would handle such high levels, given that it had previously based its calculations on a price of $75 per
Egyptian TV host Amr Adib warns of oil price surge Read More »
Supply disruptions from the US-Iran war and attacks on Russian refineries continue to weigh on global oil markets. Oil prices fell on Friday as markets assessed the geopolitical outlook in the Middle East, but crude posted strong weekly gains following the latest military escalation between the US and Iran. Oil prices erased earlier gains after
Oil prices fall, post weekly gains of over 8% Read More »
HOUSTON — Oil prices fell on Friday (Sept 11) but remained on course for a weekly gain of more than eight per cent, while US diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures settled at US$104.61 (S$132.55) a barrel, down US$3.02,
Oil falls but head for 8% weekly gain on tight supply; US diesel hits record, Money News Read More »
CNBC’s Jim Cramer on Friday said falling oil prices helped revive the stock market, but warned that next week’s Federal Reserve meeting could quickly change the outlook for investors. “Thank heavens oil went down today,” the “Mad Money” host said. “It changed everything.” Stocks rebounded Friday as oil prices retreated, helping the major averages recover
Cramer’s week ahead: Falling oil could help stocks but Fed is the next big test Read More »
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Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks Read More »
