Breaking News
oil
Trump Extends Iran Ceasefire Amid Hormuz Blockade
The US President demands a unified peace proposal while maintaining strict maritime pressure. A Last-Minute Extension President Donald Trump extended the US-Iran ceasefire today. He made this crucial decision just hours before the official
Read More
President Trump Signals Possible End to Iran Conflict
Diplomatic efforts intensify as Pakistan leads new peace talks across the region. Optimism for a Lasting Ceasefire President Donald Trump believes the war with Iran is very close to over. He shared this optimistic view during a recent media
Read More
Oil Prices Drop Amid Hopes for US-Iran Talks
Markets calm down as supply fears ease in early Asian trading. Fresh Drops in Crude Markets Oil prices fell during early Asian trading on Tuesday. Supply concerns eased across the global energy market. Investors noticed signs of possible
Read More
US Blockades Iranian Ports After Islamabad Peace Talks Fail
The US military will blockade Iranian ports on Monday following failed peace talks. The blockade begins at 10:00 ET despite a temporary
Read More
US-Iran Ceasefire Talks Collapse As Trump Threatens Hormuz Blockade
US Vice President JD Vance left Pakistan on Sunday. Marathon ceasefire talks with Iran ended without an agreement. Negotiators debated for 21 hours
Read More
Indonesia conducts test flight using jet fuel mixed with palm oil
Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to
Read MoreOil slides 5% to lowest level since June on demand fears
Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand recovery could weaken as coronavirus infections flare up around the world. Coronavirus cases rose in 22 of the 50 US states, a Reuters
Read MoreKuwait and Saudi Arabia to restart Neutral Zone production
Kuwait and Saudi Arabia have resolved their dispute over the so-called Neutral Zone, which is shared by both countries, clearing the way for oil and gas production to resume in the region. Kuwaiti foreign minister Sheikh Ahmad Nasser
Read MoreDME Oman crude up over 100% since production cuts implemented
Oman crude oil Benchmark trading on the Dubai Mercantile Exchange, DME, has doubled in price since the record cuts agreed by the OPEC+ group and other major producers were implemented in time for May loading schedules. DME said in a statement
Read MoreSaudi Arabia and Russia committed to achieving oil market stability
Saudi Arabia and Russia vowed in a joint statement on Wednesday their commitment to oil market stability. The statement was released following a phone call between Saudi Energy Minister Abdulaziz bin Salman and his Russian counterpart Alexander
Read More