US inflation accelerated to 4.2% in May, the highest level since April 2023, driven by a surge in energy prices linked to the Iran war. Inflation...
China’s factory-gate prices recorded their fastest increase in nearly four years last month, official data released on Wednesday showed, highlighting the impact of rising energy prices...
Large-scale oil trades placed minutes before Axios published a report claiming the United States and Iran were nearing an agreement to end the war have renewed...
Mike Wirth, the CEO of US energy giant Chevron, warned on May 4 that a physical shortage of crude oil is beginning to take hold, driven...
Fresh attacks erupted in the Gulf on Monday as the United States and Iran fought duelling naval blockades for control of the Strait of Hormuz, with...
While the declaration of a ceasefire between the US and Iran has provided immediate relief to global oil markets, the shocks originating from the Strait of...
Official data released Friday revealed that prices rose at an annual rate of 3.3% last month. This momentum showed that inflation is rapidly closing the gap...
Claudio Descalzi, the Chief Executive of Italian energy major Eni, has called for a suspension of planned restrictions on Russian liquefied natural gas (LNG) imports, citing...
While the military dimension of the conflict in Iran appears to have reached a temporary standstill, its impact on global prices remains pervasive. Economists project that...
A ceasefire agreement between Washington and Tehran has failed to halt the global energy crisis, driving North Sea oil prices to record levels. A frantic scramble...
