Stocks
Crude Prices Climb as Strait of Hormuz Tensions Escalate
Crude oil and gasoline prices rose Friday, driven by escalating US-Iran hostilities in the Strait of Hormuz, threatening global energy supplies.
#energy markets 22 articles
World Business
OPEC+ Adds Modest Output as Iran Blocks Hormuz Strait
Seven OPEC+ nations agreed to a modest 188,000 bpd production rise for June. The increase is symbolic, overshadowed by Iran's blockade of...
Stocks
US Nat-Gas Prices Climb on Cold Weather Outlook, Global Supply Concerns
US natural gas prices rose to a three-week high, driven by forecasts for below-normal temperatures boosting heating demand. Global supply disruptions also...
Stocks
Oil Giants Defy Trump’s Call for More Drilling
Exxon Mobil (XOM) and Chevron (CVX) will not boost production despite President Trump's pleas, maintaining their strategies amid a Middle East-induced energy...
Markets
Oil Prices Skyrocket Amidst Ongoing Gulf Crisis and Strait Blockade
Crude oil prices have surged dramatically as the Middle East conflict and active blockade of the Strait of Hormuz show no signs...
Stocks
Oil Jumps $7 on Extended Iran Blockade Fears
Crude oil futures climbed significantly, reaching multi-week highs. This surge is driven by expectations of a prolonged U.S.-Iran standoff and potential disruptions...
Markets
Oil Prices Climb as Hormuz Standoff Intensifies
Oil prices surged Tuesday as U.S.-Iran peace talks faltered and the Strait of Hormuz remained effectively closed, raising concerns over energy supply.
Stocks
U.S. Shale Industry Resists Output Hike for Two Years
U.S. shale executives do not expect to significantly increase oil production over the next two years, citing "chaos" from the Middle East...
Markets
G-7 Central Banks Brace for Energy Shocks, Keep Rates Steady
Policymakers across the G-7 are set to keep interest rates steady this week, maintaining a hawkish stance as they monitor rising energy...