Browsing: oil

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,…

European stocks fall as ‘Hormuz chaos’ leaves markets on edgeEuropean stock markets have dropped at the start of trading, as last Friday’s optimism about a Middle…

Oil and gas prices fell sharply on Friday after Iran said the strait of Hormuz was open to commercial shipping, potentially clearing the way for tankers…