14 h. ago Oil price hike ‘astronomical’ if Iran’s crude hit: Rory Johnston

Watch: How political instability in the Middle East could affect oil prices

Economics

40 h. ago ECB Should Watch Oil Price, Euro in Setting Rates, Villeroy Says

The European Central Bank needs to assess fluctuations in oil prices and the euro as it sets borrowing costs, according to Governing Council member Francois Villeroy de Galhau.

Economics

67 h. ago EU Faces Struggle to Cut Russia Oil Price Cap on Mideast Risk

The European Union faces an uphill struggle to lower the Russian oil price cap after US opposition at the Group of Seven summit and a crude price spike driven by Iran-Israel tensions.

Economics

3 d. ago Oil Traders Brace for Turmoil as Iran Crisis Imperils Supply

Oil-watchers are bracing for a further price rally after Israeli strikes on Iranian energy assets heightened the risk to Middle East supplies.

Economics

5 d. ago Canadian and U.S. stocks down after Israeli attacks on Iran, price of oil jumps

TORONTO — Canada’s main stock index closed down along with U.S. markets Friday as investors turned cautious following Israeli attacks on Iranian nuclear and military targets. The attacks, which prompted Iran to fire missiles at Israel in retaliation, raised fears the conflict could escalate further and led to a spike in the price of oil. […]

Economics

6 d. ago Crude Oil Spikes as Israel Carries Out Airstrikes Against Iran

Oil surged after Israel carried out airstrikes against targets in Iran, raising fears of fresh confrontations in a region that accounts for a third of global crude production.

Transport

6 d. ago Oil Spikes as Israeli Attacks on Iran Stoke Confrontation Fears

Oil surged after Israel carried out a wave of military strikes against targets in Iran, raising fears of fresh confrontations across a region that accounts for a third of global crude production.

Events

8 d. ago EU seeks to lower a price cap on Russian oil and discourage Nord Stream pipeline investors

BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officials said on Tuesday. EU foreign policy chief […]

Economics

8 d. ago EU Proposes Cutting Oil Price Cap to $45 to Hit Russian Revenue

The European Union proposed banning the Nord Stream pipelines and cutting the Group of Seven oil price cap to $45 as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

Economics

2 w. ago OPEC+ Agrees on Third Oil Supply Surge Despite Russia’s Qualms

OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.

Other

3 w. ago Oil price plunge, trade wars drive drilling land sales sown in Western Canada

The slumping land prices are an early sign the Canadian drilling boom spurred by last year’s completion of the Trans Mountain pipeline expansion may be coming to an end.

Economics

3 w. ago Oil price plunge, trade wars drive drilling land sales down in Alberta

The slumping land prices are an early sign the Canadian drilling boom spurred by last year’s completion of the Trans Mountain pipeline expansion may be coming to an end.

Economics

3 w. ago EU Weighs Cutting 20 Banks From SWIFT in New Russia Sanctions

The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

Events

4 w. ago UK Urges Cut to Russian Oil Price Cap at G7 to Pressure Putin

The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine.

Politics