Keywords: Brent crude
Goldman Sachs has warned that global oil demand fell more sharply than previously expected, citing an estimated reduction of 4 to 5 million barrels per day in April. The decline is linked in part to disruptions in maritime flows through the Strait of Hormuz, which temporarily reduced global consumption......
The United Kingdom government expects global oil prices to remain near 100 dollars per barrel through 2028, even if a peace agreement is reached between the United States and Iran, according to internal projections. The assessment signals a prolonged period of elevated energy costs driven by slow recovery......
Oman has halted crude loading operations at its Mina al Fahal export terminal following an explosion near its offshore mooring buoys, disrupting a key node in global oil supply chains. The incident has added new pressure to already strained energy markets, where supply disruptions across the Middle East......
Global oil markets are facing severe disruption as major institutions warn of an accelerating supply shock linked to geopolitical conflict and restricted maritime flows. The International Energy Agency has cautioned that crude markets could enter a critical shortage phase within weeks if key transport......
Oil prices rose on Monday after fresh military exchanges between the United States and Iran exposed the fragility of a weeks-old ceasefire, while Wall Street prepared to enter June on the back of a record-setting rally driven by artificial intelligence stocks. Brent crude futures advanced roughly 3 percent,......
Oil prices surged at the start of the week after hopes for a swift ceasefire agreement between the United States and Iran collapsed, with last-minute demands from President Trump pushing negotiations into a new phase of uncertainty. The reversal caught energy markets off guard, as traders had spent weeks......
Global oil prices dropped sharply on Wednesday as investors reacted positively to signs of progress in negotiations between Iran and the United States aimed at easing tensions in the Middle East. The price of Brent crude and West Texas Intermediate (WTI) both lost around 5% during trading sessions after......
HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said......
Oil prices stayed above the 100 dollar mark on Thursday as global markets focused on high level talks in Beijing between Donald Trump and Xi Jinping. Traders watched the meeting for any signal that could ease tensions linked to the Iran conflict and the disrupted flow of energy through the Strait of......
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