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Oil prices gained as Iran-backed Houthi militants seized the Yemeni port of Mokha, heightening risks of supply disruptions around the Bab al-Mandeb Strait. The critical Red Sea chokepoint poses sever…
Treasury Secretary Scott Bessent projected oil prices could plunge to $40–$50 per barrel once US-Iran hostilities conclude, citing massive impending market oversupply. Bessent also downplayed worries…
Crude oil prices surged toward weekly gains, with Brent hitting $95.55 and WTI reaching $91.53, driven by escalating U.S.-Iran missile strikes and Israeli threats targeting Iranian energy facilities.…
US indexes traded mixed as retreating crude oil prices and softer ADP employment data tempered bond yields. Cybersecurity sell-offs weighed on the Nasdaq 100, while European and global equity markets…
Oil prices are dipping on hopes the Strait of Hormuz will reopen, but Shell's CEO warns of a long-term supply crunch driving prices higher over the next decade. Shell is focusing on upstream oil and …
Petrobras discovered a new natural gas deposit at the Sandia-1 well offshore Colombia, adding to nearby finds and supporting regional energy supply amid the global transition period.