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Oil prices could surge to $120 per barrel if the Israel-Iran conflict disrupts supply through the Strait of Hormuz, where almost a third of global seaborne oil trade flows daily.
JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran ...
Whenever peak oil demand occurs, it will not be a steep downhill in global consumption—it will be a long plateau with a soft decline afterward, Big Oil says.
The big news in oil markets since Israel’s attack on Iran’s nuclear program is the price spike that wasn’t. Brent crude popped from $66 a barrel or so to a high of $78 last week, but by ...
Ukrainian President Volodymyr Zelensky has hailed the EU's new round of sanctions on Russia as "essential and timely", as ...
If you need some TLC, we've got an offer for you. Turn your home into a haven of peace and calm with the Neom Wellbeing Pod & ...
The G7 summit is expected to discuss the oil price cap proposal when it meets in Alberta, Canada, from Sunday. The EU may try to proceed with the measure even if the U.S. rejects the proposal.
Should prices keep falling, this would force U.S. oil companies to stop producing, and for a lengthy period. If markets are expecting a rally, or even stability, they are likely to be disappointed.
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