Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight vs. Houthis
After weeks when Middle East diplomacy seemed dead in the water, a rare meeting between Iran and its Persian Gulf ...
Tag: Oil
Current price of oil as of Sept. 11, 2026
At 9:15 a.m. Eastern Time today, oil was priced at $105.82 per barrel with Brent serving as the benchmark (we’ll ...
Saudi PIF’s governor wants the kingdom to become a global investment center
In case anyone was still in doubt about Saudi Arabia’s investment pivot then the kingdom’s most senior financial executive spelt it out in the ...
Gulf bond markets rally despite uncertain outlook
In the week to 26 June, QatarEnergy, Avilease, Emirates NBD, FAB, Dukhan and Burjeel issued a combined $7.5bn of debt, a pretty hefty figure. Notable among them was ...
OPEC+ to pump more oil as market fears shift from shortage to glut
OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly ...
Oil surges back above $100 a barrel as diesel climbs to a record $5.94 per gallon
The price of oil surpassed $100 a barrel for the first time since July after attacks on oil facilities and ships in ...
Current price of oil as of Sept. 9, 2026
At 7 a.m. Eastern Time today, the price of oil sits at $102.05 per barrel, using Brent as the benchmark ...
Even Supreme Leader Mojtaba Khamenei is worried about Iran’s economy and ‘social cohesion’
Iran’s regime maintains an iron grip on power but still can’t ignore the impact of U.S. economic warfare, which is ...
Iran targets Navy warships and US retaliates with ‘higher economic cost’ in new escalation phase
President Donald Trump has downplayed his war on Iran as “small potatoes,” but those potatoes are getting bigger as both ...
Current price of oil as of Sept. 4, 2026
At 9 a.m. Eastern Time today, oil was priced at $96.90 per barrel with Brent serving as the benchmark (we’ll ...
Current price of oil as of Sept. 3, 2026
By 8 a.m. Eastern Time today, oil had reached $99.38 per barrel, measured using the Brent benchmark. That’s $3.27 more ...
Iran fires on U.S. allies in Gulf after night of American strikes it claims killed four at a wedding
Iran fired on U.S. allies in the Gulf early Wednesday following a night of American bombardment that Iranian state media says included ...
Chevron plans to expand oil operations in Venezuela
Oil giant Chevron is planning to expand its operations in Venezuela, a U.S. official said Tuesday, just days after President ...
Current price of oil as of Sept. 1, 2026
As of 8 a.m. Eastern Time today, oil is trading at $94.11 per barrel, based on the Brent benchmark we’ll ...
Iran’s president admits ‘we have many problems’ as the U.S. blockade chokes its economy
Iranian President Masoud Pezeshkian acknowledged his country’s economic woes amid pressure from the U.S., which is strangling its trade while ...
The U.S. will own the majority of a Venezuelan oil company with the world’s 2nd largest reserves
Many of the world’s top oil countries have state-run national champions, such as Saudi Arabia’s Aramco, Russia’s Rosneft, the UAE’s ...
Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves
President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion ...
How the Strait of Hormuz crisis forced Asia to rewrite its oil and gas energy strategy
The Iran war exposed just how much the world relied on a narrow 20-mile-wide waterway. Soon after the U.S. launched ...
Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve
Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve | FortuneDr. Siddharth Misra is ...
Current price of oil as of Aug. 24, 2026
As of 9 a.m. Eastern Time today, oil sold for $94.12 per barrel (using Brent as the benchmark, which we’ll ...
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