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Oil prices fall $1 per barrel on reports Iran seeks truce with Israel
Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region.
Meanwhile, gasoline inventories rose by 200,000 barrels, off from analyst forecasts of a 400,000-barrel increase.
India, the world’s third-largest oil-consuming and importing nation, will lead global oil demand growth by a large margin, adding a steep 1 million barrels per day by 2030 on the back of stellar ...
Oil prices bounced back on Wednesday morning after the EIA confirmed a very significant draw in crude inventories ...
Serica Energy offers strong income potential with a 12% forward dividend yield, solid balance sheet, and promising production ...
Global demand for oil from combustible fossil fuels could peak as early as 2027, according to the International Energy Agency ...
Marko Papic, Chief Strategist at BCA Research, expects oil prices to rise in the near term, driven largely by geopolitical risks centred around Iran. He sees limited impact from other players in the ...
Almost a third of the global seaborne oil trade moves through the Strait of Hormuz. Any interruption could send crude prices ...
With oil prices rising further, the global commodity’s value has surpassed Nigeria’s 2025 budget benchmark of $75 per barrel, ...
Oil stocks in the U.S. fell by well more than anticipated by surveyed analysts, and are 10% off from their average size.
The Dow, S&P 500, and Nasdaq are rising Monday and oil prices are falling as the stock market reacts to fighting between Israel and Iran.
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