Skip to content
Energy prices surge after Iran’s strike at Qatar LNG sparks regional outrage
Benchmark Brent crude touches $119/bbl Sopuruchi Onwuka, with agency reports Global energy markets jolted on Thursday after Iran struck Qatar’s Ras Laffan LNG facility, threatening 20 percent of global LNG supply, triggering sharp rises in oil and gas prices and…
IEA unleashes record 400 Mbbls oil release as Gulf war jolts markets
Frank Okon The International Energy Agency has approved a record release of emergency oil reserves as the war in the Middle East threatens global energy supplies and drives crude prices sharply higher. The agency said March 11 that its 32…
Oil jumps as markets price in rising risk of US strike on Iran
Sopuruchi Onwuka Oil prices surged to around $71.50 per barrel on Thursday, the highest level since late September, as markets rapidly priced in the growing risk of direct US military action against Iran. Analysts say the speed of the rally…
Oil market outlook: supply surplus keeps prices in check despite geopolitical risks
Ziggy Ojiegbe Global oil markets are entering 2026 with a sizeable supply overhang that continues to weigh on prices, even as geopolitical tensions periodically jolt sentiment. According to the latest report by the International Energy Agency (IEA), robust supply growth…
Global oil supply now up by 2.5 mbd in 2025 __Rystad
Sopuruchi Onwuka Supply of crude oil in the global petroleum market is on the rise by 370,000 barrels per day (370kbd) significant 2.5 million barrels per day (2.5 mbd) in 2025, stoking the fears of oversupply and pull on prices…
Putin quenches Trump’s fire in the oil market
Sopuruchi Onwuka All the market sentiments and related price movements associated with high stake peace meeting between President Donald Trump of the United States and Russian President Vladimir Putin went cold after the American president came from the meeting without…
Trump becomes new oil price factor
Sopuruchi Onwuka The new economic and trade policies of President Donald Trump of the United States appear to establish as a third major factor in the global oil price dashboards as threats of crippling sanctions on Russian, Venezuelan and Iranian…
