oil - Africalegal

Oil Executives Alert White House to Rising Gas Prices

In a recent meeting, executives from leading oil companies conveyed their apprehensions about the ongoing rise in gas prices to White House officials.

Editorial Staff about 14 hours ago

Energy Oil & Gas

Global Oil Reserves Dwindle: A Call for Attention

As global oil reserves diminish rapidly, the implications for energy security and the economy are becoming increasingly concerning.

Editorial Staff about 15 hours ago

Energy Oil & Gas

OPEC+ to Implement Fourth Oil Quota Increase Amid Hormuz Strait Tensions

OPEC+ is reportedly preparing to raise oil quotas for the fourth time, as tensions in the Hormuz Strait persist, potentially affecting global oil prices.

Editorial Staff Updated 5 days ago

Energy Oil & Gas

Concerns Rise as Dark Tanker Traffic Increases in Hormuz

The increase in tanker traffic in the Strait of Hormuz is raising alarms among market analysts regarding the transparency of oil shipments, impacting crude oil prices amid geopolitical tensions.

Editorial Staff 5 days ago

Energy Oil & Gas

Strategic Investment in Midstream Energy Amid Oil Price Volatility

As oil prices fluctuate, a focus on fee-based revenue models in the midstream sector presents a promising investment opportunity with strong growth potential.

Editorial Staff 5 days ago

Energy Oil & Gas

Oil Industry Leaders Alert White House to Potential Crude Price Surge Amid Low Global Inventories

Executives from the oil sector have issued a warning to the White House regarding a likely spike in crude oil prices, attributing it to critically low global inventories.

Editorial Staff 7 days ago

Energy Oil & Gas

Key Players Adapt to 2026 Oil Price Fluctuations

As oil prices experience significant volatility in 2026, major companies are adjusting their strategies to better navigate the changing market landscape.

Editorial Staff 7 days ago

Energy Oil & Gas

EU Considers Halting Russia Oil Price Cap Amid Iran Conflict

In light of the ongoing conflict in Iran, the European Union is contemplating a temporary suspension of the price cap on Russian oil, which could have significant implications for global energy markets.

Editorial Staff Updated 12 days ago

Energy Oil & Gas

Oil Prices Plummet 20% Amid U.S.-Iran Ceasefire Optimism

A notable decline in oil prices has been observed, dropping 20% from their 2026 peak, as market sentiment shifts positively towards potential U.S.-Iran ceasefire negotiations.

Editorial Staff 14 days ago

World Middle East

New US Sanctions Target Iran's Military Oil Sales

The US Treasury has announced new sanctions aimed at Iran's military oil sales, part of ongoing efforts to address regional security concerns.

Editorial Staff 14 days ago

Energy Oil & Gas

New Oil Pipeline to Bypass Hormuz Expected by 2027

A new oil pipeline, designed to enhance transport efficiency and reduce reliance on the Strait of Hormuz, is set to be operational by 2027.

Editorial Staff 15 days ago

Energy Oil & Gas

U.S. Exports Rare SPR Oil Cargo to Asia Amid Hormuz Tensions

As tensions rise in the Hormuz Strait, the U.S. has made a notable move by exporting a rare cargo from its Strategic Petroleum Reserve to Asia, affecting global oil prices.

Editorial Staff 16 days ago

World Middle East

Brent Crude Rises Amid Middle East Tensions Following US Strikes on Iran

Brent crude oil prices have risen by 2% as tensions in the Middle East escalate due to recent US military actions against Iran, raising concerns about regional stability.

Editorial Staff 17 days ago

Energy Oil & Gas

Analyst Predicts Decline in Oil Prices Amid Geopolitical Tensions

Following recent geopolitical conflicts, analyst Bessent forecasts a potential decrease in oil prices, although market reactions remain unpredictable.

Editorial Staff 19 days ago

World Middle East

Crude Oil Prices Remain Elevated Amid Ongoing Tensions in the Middle East

As geopolitical tensions persist, crude oil prices stay above $96, with stalled peace negotiations in Iran and the closure of the Strait of Hormuz affecting supply.

Editorial Staff 19 days ago

Energy Oil & Gas

Analyzing the Potential 'Nuclear Option' by Gulf Oil Producers Amid Middle East Tensions

As Gulf oil producers contemplate drastic measures to influence oil prices, the implications for global markets and geopolitical stability warrant careful examination.

Editorial Staff Updated 20 days ago

Energy Oil & Gas

Goldman Sachs Anticipates Quick Surge in Oil Production if Iran Tensions Ease

Analysts at Goldman Sachs predict a rapid increase in oil production from Iran if regional conflicts subside, which could significantly influence global oil prices.

Editorial Staff Updated 22 days ago

Energy Oil & Gas

Iran Conflict Disrupts Global Oil Supply, Estimated Losses Hit $50 Billion

The ongoing conflict in Iran is causing major disruptions in the global oil supply chain, with losses estimated at $50 billion. U.S. consumers have faced significant financial impacts as a result.

Editorial Staff Updated 24 days ago

Money Markets

Asian Markets Decline as Bond Yields Rise and Oil Prices Surge

Asian stock markets are experiencing notable declines, driven by rising bond yields and increasing oil prices, which are affecting overall market sentiment.

Editorial Staff 25 days ago

Energy Oil & Gas

Understanding the Importance of UAE's New Oil Pipeline for India and Global Markets

The UAE's new oil pipeline, which bypasses the Strait of Hormuz, is poised to enhance oil supply security for India and may influence global oil pricing dynamics.

Editorial Staff 26 days ago

Energy Oil & Gas

Major Oil Companies Invest Heavily in Argentina's Vaca Muerta Shale

As crude oil prices rise, significant investments are flowing into Argentina's Vaca Muerta shale formation, which is among the largest shale reserves globally.

Editorial Staff 26 days ago

Energy Oil & Gas

US Treasury Lets Sanctions Waiver on Russian Oil Expire, Affecting Global Markets

The expiration of the US Treasury's sanctions waiver on Russian seaborne oil is set to influence global oil prices amid ongoing geopolitical tensions.

Editorial Staff 26 days ago

World North America

Brent Crude Prices Stay Elevated Amid Trump-Xi Negotiations and Hormuz Tensions

Current discussions between Trump and Xi, alongside ongoing geopolitical tensions in the Hormuz Strait, are keeping Brent crude prices above $100.

Editorial Staff 29 days ago

Energy Oil & Gas

New US Sanctions Target Iran's Oil Exports to China

In a move to limit Iran's oil revenue, the United States has implemented new sanctions specifically aimed at shipments to China, reflecting ongoing tensions between the two nations.

Editorial Staff about 1 month ago

Energy Oil & Gas

Turkey to Receive Initial Shipment from US Emergency Oil Reserve

Turkey is preparing to receive its first shipment from the US emergency oil reserve, a move aimed at bolstering its energy security amid rising global oil prices.

Editorial Staff about 1 month ago

Energy Oil & Gas

Geopolitical Tensions Drive Oil Prices Higher Amid U.S.-Iran Negotiation Stalemate

Recent diplomatic setbacks between the U.S. and Iran have led to a significant rise in oil prices, reflecting ongoing geopolitical tensions and market volatility.

Editorial Staff about 1 month ago

Energy Oil & Gas

Geopolitical Tensions Push Oil Prices Higher Amid Netanyahu and Trump Comments

Recent remarks from Netanyahu and Trump have heightened concerns regarding stability in the Middle East, leading to a rise in oil prices as market analysts anticipate further fluctuations.

Editorial Staff about 1 month ago

Crypto Digital Assets

Escalating Middle East Conflict Impacts Oil Supply and WTI Prices

Recent developments in the Middle East have caused notable disruptions in oil supply, resulting in rising WTI prices as markets react to the ongoing geopolitical tensions.

Editorial Staff about 1 month ago

Energy Oil & Gas

Crude Oil Prices Surge Amid Diminishing Supply Reserves

As supply disruptions intensify, crude oil prices are experiencing upward pressure, raising concerns about market stability and future price fluctuations.

Editorial Staff about 1 month ago

Energy Oil & Gas

Saudi Aramco Reports 25% Profit Surge in Q1 Amid Strong Demand

Saudi Aramco has announced a notable 25% rise in profits for the first quarter, attributed to increased sales and the full operation of a key pipeline.

Editorial Staff Updated about 1 month ago

Energy Oil & Gas

Investors Bet $7 Billion on Oil Prices Amid Iran Conflict Concerns

A significant $7 billion in bets on oil prices has been placed by investors, reflecting heightened concerns over potential conflict in Iran and its impact on the market.

Editorial Staff about 1 month ago

#oil

Oil Executives Alert White House to Rising Gas Prices

Global Oil Reserves Dwindle: A Call for Attention

OPEC+ to Implement Fourth Oil Quota Increase Amid Hormuz Strait Tensions

Concerns Rise as Dark Tanker Traffic Increases in Hormuz

Strategic Investment in Midstream Energy Amid Oil Price Volatility

Oil Industry Leaders Alert White House to Potential Crude Price Surge Amid Low Global Inventories

Key Players Adapt to 2026 Oil Price Fluctuations

EU Considers Halting Russia Oil Price Cap Amid Iran Conflict

Oil Prices Plummet 20% Amid U.S.-Iran Ceasefire Optimism

New US Sanctions Target Iran's Military Oil Sales

New Oil Pipeline to Bypass Hormuz Expected by 2027

U.S. Exports Rare SPR Oil Cargo to Asia Amid Hormuz Tensions

Brent Crude Rises Amid Middle East Tensions Following US Strikes on Iran

Analyst Predicts Decline in Oil Prices Amid Geopolitical Tensions

Crude Oil Prices Remain Elevated Amid Ongoing Tensions in the Middle East

Analyzing the Potential 'Nuclear Option' by Gulf Oil Producers Amid Middle East Tensions

Goldman Sachs Anticipates Quick Surge in Oil Production if Iran Tensions Ease

Iran Conflict Disrupts Global Oil Supply, Estimated Losses Hit $50 Billion

Asian Markets Decline as Bond Yields Rise and Oil Prices Surge

Understanding the Importance of UAE's New Oil Pipeline for India and Global Markets

Major Oil Companies Invest Heavily in Argentina's Vaca Muerta Shale

US Treasury Lets Sanctions Waiver on Russian Oil Expire, Affecting Global Markets

Brent Crude Prices Stay Elevated Amid Trump-Xi Negotiations and Hormuz Tensions

New US Sanctions Target Iran's Oil Exports to China

Turkey to Receive Initial Shipment from US Emergency Oil Reserve

Geopolitical Tensions Drive Oil Prices Higher Amid U.S.-Iran Negotiation Stalemate

Geopolitical Tensions Push Oil Prices Higher Amid Netanyahu and Trump Comments

Escalating Middle East Conflict Impacts Oil Supply and WTI Prices

Crude Oil Prices Surge Amid Diminishing Supply Reserves

Saudi Aramco Reports 25% Profit Surge in Q1 Amid Strong Demand

Investors Bet $7 Billion on Oil Prices Amid Iran Conflict Concerns