Analysts are warning that oil prices could reach record levels of £150 a barrel if shipping through the Strait of Hormuz remains constrained, despite the fragile ceasefire between the United
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Energy markets faced significant upheaval following missile strikes on the South Pars gas field in Iran, the world’s largest gas field. This escalation, marking the first attack on Iranian energy
The Saudi Arabian state-owned oil company, Saudi Aramco, has announced plans to restore over 70 per cent of its oil shipments within days. Chief Executive Amin Nasser has indicated that
Extreme volatility in global markets has been observed as crude oil prices soared close to £120 a barrel, prompted by fears of an energy price shock. This uptick followed claims
Oil prices have surged past £90 a barrel, driven by concerns over potential disruptions to energy supplies from the Middle East. Brent crude, the global benchmark, saw an increase of
Global economies are facing a familiar risk, stemming from a conflict-induced energy price shock that threatens to propel inflation, maintain high interest rates, and damage growth. Investors are now concerned
Oil prices are approaching their steepest annual decline since the pandemic-induced collapse of 2020, pressured by mounting concerns over a deepening supply glut. The deterioration in crude markets has intensified
The price of Brent crude has fallen below sixty dollars a barrel for the first time since May, as markets respond to potential progress in talks to end the conflict
Oil prices are heading towards their lowest point in two decades aside from the pandemic downturn, according to forecasts from JP Morgan. The bank projects the price of Brent crude
Motorists across the United Kingdom are set to benefit from lower fuel costs in the coming year, as the price of oil is projected to fall to its lowest level
Opec Plus has announced it will increase oil output next month as Saudi Arabia, the de facto leader of the group, seeks to bolster its market share. The decision, made
Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in
The price of oil has climbed sharply following America’s implementation of broader sanctions on Russian supplies, reaching its highest level in three months. The Biden administration’s latest sanctions, targeting major
