9 articles tagged with "oil"
A recent analysis indicates that major oil firms are generating significant profits, estimated at $30 million per hour, as consumers face rising fuel prices due to geopolitical tensions.
The International Energy Agency indicates its readiness to tap into global oil reserves to address potential market instability.
Texas regulators express concern over potential Iranian cyberattacks aimed at disrupting oil and natural gas supply chains, prompting increased cybersecurity measures.
As tensions in the Hormuz Strait continue to escalate, physical oil prices have surged to record highs, nearing $150 a barrel.
In its latest report, Morgan Stanley reaffirms its oil price forecasts while indicating that the recovery in oil supply is expected to be slow due to ongoing market difficulties.
Following the announcement of new US sanctions against Iran, oil prices have seen a significant increase, reflecting rising geopolitical tensions.
The recent US blockade of Iran has triggered a notable rise in oil prices, now exceeding $103 a barrel, raising concerns over global supply.
In light of expected US sanctions, oil tankers are increasingly steering clear of the Strait of Hormuz, a vital route for global oil transport, raising alarms about potential supply issues.
As the conflict in Iran extends into its second month, worries about its effects on global oil prices intensify, particularly following the collapse of US-Iran negotiations.