Oil plunges new low amid US-Iran “peace deal,” investors remain cautious
The global energy market has lost millions of barrels of oil and gas supply due to the Iran war, as Middle East's energy facilities came under attack...
Tag : oil price
Exxon’s net income falls to five-year low as Iran war affects output
About 20% of Exxon's oil and gas production is situated in the Middle East, making it the most affected among the global energy players...
Fearing oil shortage, experts bat for more investments in energy sector
According to the IEA, the expansion of the oil supply will decrease to one million barrels per day...
Oil prices rise amid halt in US Fed rate hikes, China reopening
Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in November, the highest level since February...
Crude oil ends 2022 with second straight annual gain
The new CEO of Brazil's state-run oil corporation Petrobras announced that he intended to change the nation's fuel price policy...
When will the GCC economy fully recover?
Recovery is expected to be gradual, especially with downside pressures due to tax hikes, spending cuts and weak oil prices...
Russian gas major Gazprom’s profits soar five fold to $3.8 billion
Second-quarter net profit jumped to the current amount from $708 million in the year-earlier period...
Will falling oil prices drive global economy into a crisis?
An analysis by the Corporates & Markets division of Commerzbank AG February 8, 2016: If the oil price slumps, the stock prices plunge: Cheaper oil is clearly now regarded as negative, unlike in earlier times. We assess whether the economic correlations have really changed. Our analysis shows that a falling oil price is not always an...