Keywords: Oil prices
Morocco has faced a significant increase in the cost of its energy imports as disruptions linked to the crisis surrounding the Strait of Hormuz pushed fuel prices higher. According to energy-focused platform At-Taqa, the additional cost incurred by the Kingdom reached approximately $2.2 billion between......
Six European Union countries are calling for the creation of a bloc-wide mechanism to tax windfall profits generated by oil companies as disruptions in the Strait of Hormuz push energy prices higher and increase concerns over supply security. Finance ministers from Germany, Italy, Austria, Poland and......
More than 660 million barrels of crude oil have reportedly crossed the Strait of Hormuz aboard commercial tankers since early May, despite continuing security concerns and threats to maritime traffic in one of the world's most important energy corridors. According to U.S. Central Command, American......
Global financial markets are facing renewed volatility as rising geopolitical tensions between the United States and Iran push oil prices higher and revive concerns about inflation. Investors are increasingly worried that a prolonged energy shock could complicate efforts by central banks to reduce interest......
Global energy markets could be heading toward another period of pressure, with refined fuels emerging as a greater concern than crude oil prices, according to veteran market strategist Jeff Currie. Speaking to CNBC, Currie, chief strategy officer at Altis Partners, argued that consumers are ultimately......
Oil prices continued their upward trend on Tuesday, August 18, for the third consecutive session, in a market once again dominated by geopolitical risks in the Middle East. Investors are now concerned about an extension of the conflict between the United States and Iran following the expiration on Monday......
British households are facing renewed financial pressure as higher energy costs are expected to push inflation sharply higher in July, according to economists' forecasts. Official figures due to be released this week are expected to show consumer price inflation rising to around 2.9% in July, up......
The Organization of the Petroleum Exporting Countries (OPEC) has revised its expectations for global oil demand growth, lowering its forecast for 2026 while adopting a more optimistic outlook for the following year. In its latest monthly report, OPEC estimated that global oil demand will increase by......
The International Energy Agency (IEA) expects global oil supply to fall significantly in 2026, reflecting the continuing impact of disruptions around the Strait of Hormuz and difficulties affecting crude exports from the Gulf region. According to the agency's latest monthly oil market report, global......
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