West Texas Intermediate (WTI) is trading around $73.00 during Asian trading hours on Thursday. The US crude oil benchmark’s price edges higher amid fears that the Israel-Iran crisis could spiral into a
The pullback in crude prices witnessed on Monday found support on Tuesday as escalating tensions in the Middle East revived fears of an oil supply disruption, while Russia is pressuring OPEC+ to
West Texas Intermediate (WTI) is trading around $67.00 during the Asian session on Thursday, with the US crude oil benchmark climbing to near two-month highs amid heightened geopolitical tensions in the Middle East.
By Anthi Charalambous At a time of high energy volatility, the European Commission has presented its new Action Plan for Affordable Energy, seeking to reduce energy costs, enhance security of supply and
West Texas Intermediate futures on NYMEX, trade sideways around $62.20 during European trading on Friday. The benchmark crude oil consolidates as investors await the US Nonfarm Payrolls (NFP) data for May. Investors
It has now become clear that in order to keep the European economy going and ensure energy security, gas will be around for much longer than it was thought two years ago.
By Charles Ellinas In Germany, the new Economics Minister Katherina Reiche has urged construction of new gas-fired power plants. She said, “we need flexible gas power plants that deliver electricity when the
The US and China reached an interim deal on tariffs, drastically reducing their reciprocal rates, the US also agreed on a deal with the UK, while potential ceasefire talks on the Ukraine-Russia
West Texas Intermediate (WTI) extended its gains for the fourth successive day, trading around $62.70 per barrel during European session on Wednesday. Crude oil prices surged following the news of Israel planning
West Texas Intermediate fell by approximately 3% on Thursday, extending the previous session’s losses of over 1%. The benchmark crude oil’s price is hovering around $60.70 per barrel in European trading. The
