Browsing: oil

Exxon Mobil and Chevron reported drops in profit in their first quarter despite surging oil prices, a result of stalled deliveries and supply disruptions in the…

The global oil price hit $126 a barrel on Thursday, its highest level since 2022, after Donald Trump said the US blockade of Iranian ports could…

The United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto…

US gas prices rose to their highest level in four years on Thursday, reaching an average $4.18 a gallon at the pump as US-Israeli peace talks…

UAE quits Opec groupNewsflash: The United Arab Emirates has announced it is quitting the Opec group of oil producers.In an unexpected move, the UAE is leaving…

Goldman Sachs raises oil price forecast as war disruption hits productionThe deadlock in the Middle East confict has prompted Goldman Sachs to raise its oil price…

California’s jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market.As…

Oil hits highest level since US-Iran ceasefire beganThe oil price has hit its highest level since the US and Iran agreed a ceasefire more than two…

A second round of peace talks between the US and Iran has begun amid renewed attacks on oil tankers in the strait of Hormuz and a…

Oil prices rose sharply and European stock markets fell on Monday after the US seizure of an Iranian vessel dented hopes for a peace deal.Brent crude,…