Oil prices have risen above $100 per barrel amid the consequences of the war between the United States and Israel over Iran. International benchmark Brent crude rose more than 20 per cent on Sunday, reaching $114 a barrel at one point, as fears grew of prolonged disruption to global energy supplies, particularly due to potential…
Average diesel prices in Britain have hit a 16-month high, less than a week after the Middle East was hit by war and oil prices soared. Global energy prices have been the main financial market focus ever since Tehran launched attacks against the Gulf states in response to US-Israeli attacks on their countries, disrupting both…
The market was affected by rising oil prices and renewed concerns over a potential US-Iran conflict. Rising oil prices and renewed concerns over a potential US-Iran conflict weighed on investor sentiment, while several companies reported mixed quarterly earnings. according to the AP. The S&P 500 slipped 0.4% and was on track for its first decline…
BP has reported a 16% drop in annual profits after the collapse of wholesale oil prices through the end of 2025. The company, which is awaiting the arrival of a new chief executive in April amid a renewed campaign for oil and gas earnings, reported a net profit of $7.5bn (£5.5bn). BP said it had…
Recent geopolitical tensions and Trump tariffs on India point to the need for India to step up focus on its energy security. (AI image) Oil is often referred to as “black gold” because it is the fuel that drives economic growth, and securing oil supplies is becoming increasingly crucial in a world filled with geopolitical…
Oil is at the heart of Donald Trump’s Venezuela gamble. Within a day of the US operation that ousted President Nicolas Maduro, Trump made clear his top priority: reviving the country’s oil industry. “We’re going to join our very large American oil companies—the biggest in the world—to spend billions of dollars, fix the badly broken…
Trump has said that America will run Venezuela for years and will give its oil wealth to the people. It comes after the US vowed to detain Venezuelan dictator Nicolas Maduro and deport his oil companies back to the Latin American country. Trump said that America will run Venezuela for years and will give its…
