If a conflict were to escalate and impact multiple producing countries, the effect on oil prices could be much more dramatic. Historical precedents, such as the 1973 oil crisis, serve as stark ...
Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is “so large” that it is likely to limit the price effects even of a wider conflict in the Middle ...
the United States produced more oil than any nation during any month in history. Oil and gas prices helped hold the CPI figure low. There is no reason to believe the underlying price of crude will ...
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years with historic profits. The sector is still ...
LONDON, Oct 21 (Reuters) - Oil prices rose on Monday, recouping some of last week's more than 7% decline on worries about demand in China, the world's top oil importer, and easing concerns about ...