The price surge is being driven by lower crop yields. Households scramble as prices double for essential cooking ingredient — ...

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 ...

The current Brent spot price of $74 is essential on par with the average price of around $76.37 in this period, and it is about 53% above the level 20 years ago.

In recent years, oil markets have been anything but stable. Geopolitical tensions – most notably the wars in Ukraine and the ...

The Russian government is considering sweeping new regulations to cap prices on a range of essential food items in a bid to ...

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 ...

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.

Ukrainian President Volodymyr Zelensky has hailed the EU's new round of sanctions on Russia as "essential and timely", as ...