Oil Prices Set for More Volatility
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Oil jumps
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Chinese crude oil imports fell sharply in June to near a decade low, hampered by war in the Persian Gulf and an abrupt slowdown in domestic demand. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham,
Crude oil-linked stocks are back in focus as geopolitical tensions intensify and Brent crude moves toward the $80 mark. This market analysis examines how renewed blockade concerns and potential cargo payment demands for US protection could impact key oil-sensitive sectors,
Crude oil prices jumped as much as 9 percent in a single trading session after the fresh escalation between US and Iran.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
Chinese refiners are reducing purchases of Saudi crude as weak demand, Gulf competition, and Strait of Hormuz disruptions reshape Asia's oil market.
Brent crude has fallen from $120 to between $77–$79 per barrel, yet gas prices remain elevated. A GasBuddy analyst breaks down why refining constraints are the key factor.
Jeff Currie, Carlyle Group, joins 'Power Lunch' to talk why crude oil prices aren't telling the full story.
Prices for gasoline, diesel and jet fuel are rebounding even as crude oil eases, a rare divergence that’s swelling costs for peak-season travelers and threatening to undermine President Donald Trump’s pledge to quash inflation ahead of midterm elections.
Ghana's crude oil production has declined for six consecutive years, falling by nearly half since its 2019 peak and costing the country billions of dollars in lost revenue, according to a new report by the Institute for Energy Security (IES).
Business Insider Africa on MSN
Nigeria breaks OPEC production ceiling as crude oil output climbs to a 74-month high of 1.56 million bpd
Nigeria has exceeded its crude oil production quota set by the Organization of the Petroleum Exporting Countries (OPEC) after crude output climbed to its highest level in more than six years, according to new data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Brent crude, the global oil benchmark, quoted 1.63 per cent higher at USD 84.60 per barrel. Check petrol and diesel prices in some of the major Indian cities.
