Fuel prices set to go down from July 16 despite current war in the Middle East – COMAC CEO

Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat

PETALING JAYA: Harga minyak mentah jatuh ke paras sebelum krisis dan trend tersebut dijangka berterusan dalam tempoh terdekat susulan langkah pengurusan risiko pasaran yang proaktif serta pemulihan pantas rantaian bekalan dari Asia Barat. Kontrak niaga hadapan minyak mentah Brent kini menghampiri paras AS72 setong, manakala penanda aras Amerika Syarikat (AS), West Texas Intermediate (WTI) berada ... Read more The post Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat appeared first on Utusan Malaysia.

Crude may revisit early-2026 highs if tensions worsen, but Asian refiners better prepared this time: International Oil Analyst

By Nikhil Dedha Singapore, July 9 (ANI): Global crude oil prices could revisit the highs seen earlier this year if tensions between the United States and Iran continue to escalate, although Asian refiners are now better prepared to deal with supply disruptions than they were at the beginning of the conflict, June Goh, Senior Oil Market Analyst at Sparta Commodities, told ANI.Speaking in an exclusive conve

Bloom Energy Soared After a New AI Power Report. Is the Fuel Cell Stock a Buy?

With its stock price soaring this year, has the fuel cell maker's valuation outrun its business?

Fuel Prices Fall, But New Price Hikes Still Expected Across Bosnia and Herzegovina

A drop in global oil prices, driven by stabilizing conditions in the Middle East, has led to lower fuel prices both internationally and in Bosnia and Herzegovina. Despite fuel now being at its lowest price since the beginning of the year, consumers are unlikely to see relief in the cost of food or public services. [] The post Fuel Prices Fall, But New Price Hikes Still Expected Across Bosnia and Herzegovina appeared first on Sarajevo Times.

The Fed Reclaims the Narrative – Lunaro Weekly Market Report

Friday Closing Prices SP 500 7,501 (+1.08) Nasdaq 26,518 (+1.91) Gold 4,155 (-1.27) Brent Crude Oil 80.37 (+1.41) Last week was defined by the collision between central-bank hawkishness and geopolitics. The market rally early in the week on the basis of a US/Iran peace deal was interrupted by Kevin Warsh’s first Fed [] The post The Fed Reclaims the Narrative – Lunaro Weekly Market Report appeared first on Middle East News 247.

Current price of oil as of July 7, 2026

As of 9 a.m. Eastern Time today, oil is trading at 73.29 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s 93 cents above yesterday morning’s level and about 2.80 higher than where it stood a year ago. Oil price per barrel Change Price of oil yesterday 72.36 +1.28 Price []

Will Fuel Prices Come Down? Minister Hardeep Puri's "2-3 Months" Hint

International crude oil prices have come down, but companies are still processing crude they bought at the height of the West Asia crisis, Minister Hardeep Puri said.

Oil prices decline after OPEC+ agrees to increase output

London, July 6 (SANA) Oil prices fell in global trading on Monday after OPEC+ agreed to a further increase in production targets starting in August, while exports through the Strait of Hormuz continued to recover, paving the way for increased supplies to the global market. Reuters reported that Brent crude futures fell 24 cents, or []

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Why Lower Oil Prices Don’t Match the Continued Drawdown in Global Inventories

Oil entered early July trading caught in one of the strangest contradictions in commodity markets: global inventories are still being drawn down, U.S.-Iran skirmishes have not fully faded, and yet prices keep sliding. Crude has now fallen back to levels seen before the war broke out, with traders focusing more on weakening demand than on [] The post Why Lower Oil Prices Don’t Match the Continued Drawdown in Global Inventories appeared first on Egyptian Gazette.

Cooking gas price reduction update in Nigeria

The prices of liquefied petroleum gas, known as cooking gas, have continued to fall across parts of Nigeria after weeks of upsurge due to supply constraints. Checks across cooking gas retail outlets in Abuja showed that they have dropped by between N1450 and N1500 per kilogram from N1700 at AA Shafa and Ranoil in Dutse [] Cooking gas price reduction update in Nigeria

Oil prices surge 4%, as U.S.-Iran tensions raise supply concerns

The growing Middle East tensions also affected global financial markets. The post Oil prices surge 4, as U.S.-Iran tensions raise supply concerns appeared first on BOL News.

US airlines’ fuel spending jumps 84% in May to $6.7B

Middle East conflict drives sharp rise in jet fuel costs, while fuel consumption slips 0.6 year-on-year

July fuel price decrease: Here's what you'll pay for petrol and diesel from Wednesday

July fuel price decrease: Here's what you'll pay for petrol and diesel from Wednesday

Malaysia to lower diesel prices amid confidence in diplomacy

Malaysia to lower diesel prices amid confidence in diplomacy Malaysian Prime Minister Anwar Ibrahim has linked a planned reduction in subsidised diesel prices to growing confidence that negotiations aimed at ending the Iran war could ease tensions in the Middle East and stabilise energy markets. According to Malaysia's Star newspaper, Anwar said his government had decided to lower, rather than increase, subsidised diesel prices from next month despite global uncertainty. He said Pakistani Prime Minister Shehbaz Sharif, who has played a key role in coordinating negotiations between the United States and Iran, had expressed confidence that the crisis in the Middle East could be eased. So far, Pakistani Prime Minister Shehbaz Sharif, who has been coordinating much of the negotiations, told me that this time he is confident that the crisis in the Middle East can be eased. So this will help us in terms of diesel prices, Anwar said.

UAE Announces Fuel Price Hike for April 2026

UAE Announces Fuel Price Dubai: The United Arab Emirates announces fuel price for April 2026 on Tuesday, confirming a notable increase across all fuel categories. The revised rates reflect current global oil trends and will take effect from April 1st. Super 98 Petrol From Dh2.59 in March to Dh3.39/litre in April 2026 Special 95 Petrol [] The post UAE Announces Fuel Price Hike for April 2026 appeared first on Riyadh Xpress.

Petrol gets cheaper at Dangote Refinery, filling stations drop prices too

Dangote Refinery has cut petrol prices while diesel prices rise in Lagos. Global crude oil prices near 80 per barrel raise concerns for future fuel costs.

Why fuel prices haven’t fallen yet despite falling global oil prices

Fuel prices in Ghana are once again caught between global oil swings and the structure of domestic pricing. Crude markets have eased, but pump prices have not yet caught up. Earlier in the year, before tensions between Iran, Israel and the United States escalated, Ghanaian consumers were briefly seeing relief. Petrol was selling at about []

OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East

Brent crude oil, the international benchmark, dropped after OPEC Plus announced it would modestly increase production. Oil prices were trading The post OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East appeared first on IER.

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

Oil and gas prices drop in time for Fourth of July driving

Oil and gas prices fell ahead of the Fourth of July weekend, as shipping traffic through the Strait of Hormuz picked up, easing the global supply strains created by the war with Iran. International benchmark Brent crude was trading at 72.05 a barrel as of Friday afternoon, while the U.S. benchmark West Texas Intermediate stood []

Oil back to pre-war levels as Hormuz traffic rebounds, US tries to reassure Gulf allies

By Tala Ramadan, David Morgan and Patricia ZengerleDUBAI/WASHINGTON, June 25 (Reuters) - Oil prices fell to pre-war levels on Thursday as the United States said flows through the Strait of Hormuz were nearing normal and its top diplomat completed a Gulf tour aimed at shoring up support for a preliminary Iran deal.U.S. Energy Secretary Chris Wright said on Wednesday shipments through the strait were approaching levels seen before the U.S. and Israel launched strikes on Iran on February 28, with at least 20 million barrels exiting the strait in the previous 24 hours.

Iran Sold 40 to 50 Million Barrels in Two Weeks at a 20 Percent Premium. The Gains Disappear if the Deal Fails.

Iran sold roughly 40 to 50 million barrels of crude oil in the first two weeks after the Islamabad MoU was signed, at a 20 percent premium over blockade-era prices, according to CNBC and Mehr News Agency. The incremental revenue is estimated at 400 million to 750 million. It all disappears if the deal expires without resolution on August 21.

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

AMOC’s Revises FY 2026 Budget Forecsts, Doubles Profit to EGP 2.1 Bn

The Board of Directors of Alexandria Mineral Oils Company (AMOC) approved a revised operating budget for fiscal year (FY) 2026, projecting an estimated net profit after tax of approximately EGP 2.099 billion. This updated forecast represents a substantial increase from the previously approved net profit target of EGP 1.024 billion. The revised budget projects sales [] The post AMOC’s Revises FY 2026 Budget Forecsts, Doubles Profit to EGP 2.1 Bn first appeared on Egypt Oil Gas.

Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes

Oil prices saw an uptick as Iran's refusal to meet U.S. envoys heightened tensions, impacting the fragile ceasefire. Despite recent declines following conflict de-escalation, analysts are revising forecasts. Meanwhile, U.S. crude and gasoline inventories dropped last week, with markets awaiting official government data. Tanker traffic through the Strait of Hormuz is reportedly recovering, easing supply disruption fears.

Trump demands gas stations slash prices, warns of ‘big problems’ ahead

U.S. President Donald Trump accused major oil companies of price gouging after gasoline prices failed to fall even as crude oil prices declined following the easing of tensions in the Middle East. He argued that the companies were not passing the savings on to consumers at the pump despite paying less for crude oil. Amid...

Form 4 Empire Petroleum Corp For: 7 July

Form 4 Empire Petroleum Corp For: 7 July