Global oil prices rose sharply on the first trading day of the week as US and Israeli strikes on Iran, followed by Tehran’s retaliation, raised fears of a wider and

Oil prices edged lower on Monday as fears of a direct conflict in the Middle East eased following constructive indirect talks between the United States and Iran.

Global energy leader BP announced on Wednesday that it anticipates a significant loss of $4 billion to $5 billion in its fourth-quarter earnings, mainly due to setbacks in its renewable

Oil prices climbed significantly on Monday, driven by mounting geopolitical risks in two major energy-producing regions. Brent crude rose by $1.38 (2.3%) to $61.85, while U.S. WTI crude increased by

Oil prices reversed earlier losses on Wednesday as investors concluded that the ongoing Russia-Ukraine peace talks are unlikely to result in the swift removal of sanctions on Russian crude, keeping

Global oil prices have fallen, overriding the typical upward pressure created by sanctions on Russia, due to a dominant market forecast predicting a significant supply surplus beginning in the next