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Oil prices fall despite Oman tanker strike as Hormuz risks persist

Energy Staff Writer -
Energy complex eases as markets shrug off Oman tanker strike. Crude oil prices fell overnight on Tuesday, with Brent and Murban under clear downward pressure,...

Oil could hit $100 again as Middle East tensions disrupt supplies

Business Staff Writer -
Middle East tensions and supply constraints raise the prospect of Brent topping $100, analysts say. Oil prices have continued to climb as escalating military tensions...

Oil Giants Post $93 Billion in Q2 Profits as Iran War Fuels Energy Windfall

Business Staff Writer -
Hormuz closure sparks energy supply shock, doubling oil majors’ quarterly profits. Eight of the world’s largest oil producers reported combined profits of $93 billion in...

US says oil flows through Hormuz are higher than tracking data suggests

Energy Staff Writer -
US says Hormuz oil exports remain below pre-war levels but are higher than tracking data suggests. Washington: US Energy Secretary Chris Wright said an estimated...

Global oil demand is projected to decline by 1.6 million barrels per day (mb/d) in 2026, before rising by 2.4 mb/d in 2027, according...

Energy Staff Writer -
Global oil supply is expected to decline in 2026 before rebounding to above 110 mb/d in 2027. PARIS: World oil demand is forecast to decline...
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