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Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow ...
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.Israel’s vow to ...
Iran is the world’s seventh largest oil producer, but a wider conflict in the Middle East could have an impact for some of the world’s largest energy producers in the region.
Middle East tensions - along with concerns about a potential shutdown of Libyan oil fields - had led to a surge in oil prices of more than 7% over the previous three Gold, oil come off boil as ...
MEES (Middle East Economic Survey) is a weekly newsletter published by Middle East Petroleum and Economic Publications Ltd. Founded in Beirut Lebanon in 1957 by Fuad W. Itayim, Middle East Economic Survey provides comprehensive source of news and analysis of energy, financial, economic and political developments in the Middle East and North Africa countries.
Oil snapped a five-day winning streak on Tuesday as the recent rally stemming from the Middle East conflict took a pause and China signaled no additional big stimulus. West Texas Intermediate ( CL ...
In 2009 the largest share of oil production was in the Middle East (24 million barrels daily, or 31 per cent of global production). According to Transparency International based on BP data regionally the largest share of proved oil reserves is in the Middle East (754 billion barrels, constituting 51 per cent of global reserves including oil sands and 57 per cent excluding them).
The drop in oil prices comes after a 4% rise over the prior two sessions as traders watched the Middle East ... pressure as no news from Israel is taken as negative news to oil prices, in that any ...