Tag: global oil markets

Oil prices drop slightly as US pauses Project Freedom

International May 6, 2026 at 14:28

Prices ease amid diplomatic signals Oil prices edged lower in Wednesday trade in Asia after US President Donald Trump raised hopes for an agreement with...

United Arab Emirates to quit oil cartel OPEC

International April 28, 2026 at 16:49

The United Arab Emirates has confirmed its exit after nearly 60 years in the Organisation of the Petroleum Exporting Countries and the wider OPEC+...

US-Iran ceasefire nears expiry; tensions and threats escalate

International April 21, 2026 at 08:57

The US-Iran ceasefire is approaching its end amid escalating threats between Washington and Tehran, with uncertainty still surrounding the potential resumption of negotiations in...

US blockade of Iranian ports risks escalation over Hormuz

International April 14, 2026 at 09:30

Talks collapse amid rising tensions The Strait of Hormuz blockade announced by Donald Trump has heightened global tensions after US-Iran talks in Pakistan collapsed. The US...

Oil prices fall below $100

Economy April 8, 2026 at 09:37

Markets rally as tensions ease Global oil markets saw a dramatic drop on Wednesday, with oil prices fall exceeding 15% after the United States stepped...

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