WTI, Brent fall after Iran says no escalation
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf. Raheb Homavandi | Reuters Crude oil futures edged …
Oil and Gas
White House will ‘make sure gas prices remain affordable,’ Biden advisor says
A customer refuels at a Shell gas station in Hercules, California, US, on Tuesday, May 23, 2023. David Paul Morris | Bloomberg | Getty Images President Joe Biden’s top economic …
WTI falls below $83 as war fear eases
File photo showing an oil tanker pass through the Suez Canal, Egypt. Peter Bischoff | Pb Archive | Getty Images Crude oil futures fell for a fourth day Thursday, as …
BP cuts executive team size, picks new head of gas and low carbon energy
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images British …
U.S. crude oil falls below $85 as traders discount Iran-Israel war risk
Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline …
‘Iran is in for the long haul’ with oil tanker hijacks, expert says
Iranian soldiers take part in an annual military drill in the coast of the Gulf of Oman and near the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images …
Oil prices fall for second day as U.S. expects limited Israel response to Iran attack
Motorists drive their vehicles past a billboard depicting named Iranian ballistic missiles in service, with text in Arabic reading “the honest [person’s] promise” and in Persian “Israel is weaker than …
Oil is the ‘key risk to watch’ as Middle East tensions rise, analysts say
Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain …
Oil prices could surge above $100 after Iran’s first attack on Israel
A refinery from the north of the Persian Gulf in Iran. Saeid Arabzadeh | Afp | Getty Images Oil prices could soar to $100 per barrel and beyond, said market …
Oil prices are set to rise as market braces for Israel response to Iran’s missile and drone barrage
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Amir Cohen | Reuters (View a special livestream of CNBC’s …