Huge inferno sweeps over oil refinery site as villagers urged to stay back

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Drones set Russia’s Syzran refinery ablaze 800 km from the war zone — analysts count every primary unit hit

Both crude distillation installations and a gasoline reformer burned at the plant that refines up to 8.9 million tons of oil a year.

An oil depot in the Krasnodar region caught fire after a drone attack.

In addition to the oil depot in Poltavskaya, a fire also broke out in a woodworking shop in Krasnodar.

Kedai keropok 32 tahun di Losong musnah terbakar

KUALA TERENGGANU: Seorang pemilik kedai keropok di Kampung Losong Haji Su di sini, berputih mata apabila premis perniagaan yang diusahakan keluarganya sejak 32 tahun lalu musnah dalam kebakaran, semalam dengan kerugian dianggarkan mencecah RM500,000. Pemiliknya, Rohaimi Mohd., 43, berkata, kedai itu diambil alih daripada arwah bapa saudaranya sejak 12 tahun lalu. Katanya, rutin hariannya memeriksa ... Read more The post Kedai keropok 32 tahun di Losong musnah terbakar appeared first on Utusan Malaysia.

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 []

Oil Stockpiles Near Danger Zone

Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as millions of barrels per day remain unable to reach end markets. Dicker warns hosts of Bloomberg This Weekend David Gura and Christina Ruffini if inventories continue to fall, crude prices could surge from current levels to as high as 135 a barrel. (Source: Bloomberg)

These businesses made a buck from the war. Others are set to get a boost

Many companies grappled with dampened consumer sentiment and rising costs, but oil refiners and supermarkets did well out of the conflict.

Oil prices spike after Trump declared ceasefire with Iran ‘over’

Oil prices soared after the United States launched strikes against Iran and President Donald Trump declared the ceasefire “over.” After U.S. Central Command announced new strikes against Iran, Brent Crude jumped over 3.2 to 76.48-76.54 per barrel. U.S. benchmark West Texas Intermediate similarly jumped 3.2 to around 72.72 per barrel. The situation worsened after Trump []

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz...

Oil Prices Fall as U.S.-Iran Talks Show Signs of Progress

Oil prices retreated on Monday, reversing earlier gains, after Iran’s foreign minister said there had been “major progress” toward ending the fighting in Lebanon during the first session of high-level talks with the United States. Pakistan and Qatar, which are mediating the negotiations in Switzerland aimed at securing a lasting peace agreement, said in a []

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.

Oil prices spike as Trump declares ceasefire with Iran ‘over’

Oil prices soared after the United States launched strikes against Iran and President Donald Trump declared the ceasefire “over.” After U.S. Central Command announced new strikes against Iran, Brent Crude jumped over 3.2 to 76.48-76.54 per barrel. U.S. benchmark West Texas Intermediate similarly jumped 3.2 to around 72.72 per barrel. The situation worsened after Trump []...Click to read more

Competition intensifies in Nigeria’s downstream market as petrol holds firm, diesel prices rise

By Udeme Akpan, Energy Editor Competition in Nigeria’s downstream petroleum sector continued to reshape pricing dynamics on Thursday as major fuel depots largely maintained stable petrol loading prices while diesel prices increased across several locations, reflecting divergent market fundamentals for the country’s two most consumed petroleum products. The latest mid-day depot price report indicated that [] The post Competition intensifies in Nigeria’s downstream market as petrol holds firm, diesel prices rise appeared first on Vanguard News.

Why Petrol Isn't Getting Cheaper Despite Falling Crude Oil Prices: Kejriwal vs Centre Explained

Arvind Kejriwal’s attack on fuel pricing has brought India’s petrol and diesel rates back into the political spotlight. The Aam Aadmi Party has accused the Centre of allowing oil companies to retain high margins even after global crude prices cooled from

Oil prices rise at settlement; Brent hits $74.16 per barrel

Oil prices rise at settlement; Brent hits $74.16 per barrel

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.

NMDPRA Report: Dangote Refinery Dominates Nigeria’s Petrol Supply With 87.55% Share In May

Dangote Refinery supplied 87.55 of Nigeria’s petrol in May 2026.

ATHEX: Mini sell-off after fresh Gulf tension

The resumption of military action in the Persian Gulf had an immediate impact on markets, with oil rates jumping and bourse indexes slumping.

Oil Prices Rebounded After Selloff, Markets Watch Strait of Hormuz Developments Closely | Dawn News

Oil prices rebounded after a sharp selloff as investors closely monitored developments around the Strait of Hormuz, one of the world's most important energy transit routes. Traders and policymakers are assessing potential risks to global oil supplies and shipping flows amid ongoing regional tensions. --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Website: www.dawn.com Official Facebook:https://www.facebook.com/dawnnewsenglish Official Twitter: https://x.com/dawnnewsenglish Official Instagram: https://www.instagram.com/dawnnewsenglish #oilprices #crudeoil #straitofhormuz #energymarkets #globaleconomy #geopolitics #WorldNews #dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews

Global oil prices surge by 4 per cent following fresh Iranian strikes across Gulf region

New Delhi [India], July 13 (ANI): Oil prices jumped on Monday as Iran attacked Gulf states in response to US strikes in Tehran. Consequently, Brent Crude stood at USD 79.17, reflecting a rise of USD 3.16, or 4.16 per cent, at the time of filing. At the same time, crude oil stood at USD 74.47, gaining USD 3.06 or 4.29 per cent. The price movement followed a wave of military actions that disrupted the critical Str

Oil prices reset as stranded Gulf barrels head for market- Saxo Bank

Oil prices have continued to retreat, with Brent crude falling below USD 76 per barrel to trade only around 7.5 above the USD 70 ceiling that capped prices before the Strait of Hormuz disruption. The move lower may appear counterintuitive given that the world has just experienced the largest oil supply disruption on record, resulting [] The post Oil prices reset as stranded Gulf barrels head for market- Saxo Bank appeared first on Middle East News 247.

Democrats Try To Grave-Rob Jimmy Carter’s Oil Tax

Democrats are trying to revive a Carter-era redistribution tax targeting oil producers. Democratic Rhode Island Sen. Sheldon Whitehouse and Democratic California Rep. Ro Khanna reintroduced the Big Oil Windfall Profits

With Hormuz reopened, has the oil shortage turned into a glut?

As flow resumes through the strait, an oil surplus may yet again destabilise global energy markets.

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

Global oil prices surged sharply on Wednesday, with Brent crude briefly climbing above 80 per barrel for the first time since June 22, as escalating geopolitical tensions in the Middle East reignited concerns over global energy supplies. Trading data showed that Brent crude futures for September delivery jumped nearly 8 during the session. At 15:09 GMT, the benchmark contract was trading at 79.93 per barrel, up 7.78, after briefly crossing the psychologically significant 80 threshold earlier in the day. West Texas Intermediate (WTI) crude for August delivery also posted strong gains, rising 7.27 to 75.56 per barrel. The rally marked

Fire in Fontainebleau forest near Paris forces evacuations

AVON, France, July 13, (AP): A fire raging Monday in the historic and much-visited Fontainebleau forest south of Paris prompted evacuations of some residential neighborhoods and...

Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik

Petrol traded between 90.36 and 98.35 per barrel last week. The post Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik appeared first on BOL News.

The West is about to inherit more abandoned oil wells

When companies walk away, taxpayers foot the bill. Regulators are proposing rolling back a rule that ensures companies cover their own costs, writes Will Pattiz. The post The West is about to inherit more abandoned oil wells appeared first on WyoFile .

Many shops destroyed as fire razes Oyo market

Several shops were destroyed on Friday following a fire outbreak at Bode Market in the Molete area of Ibadan. The cause of the inferno had yet to be determined as of the time this report was filed. DAILY POST observed that operatives of the Oyo State Fire Service were seen at the scene working to [] Many shops destroyed as fire razes Oyo market

Crude oil futures decline after US and Iran conclude first round of talks

September Brent oil futures were at 78.86, down by 1.49, and August crude oil futures on WTI (West Texas Intermediate) were at 75.55, down by 0.40

The Commodities Feed: Oil bounces on Persian Gulf re-escalation

ASIA/PACIFIC: Re-escalation in the Persian Gulf has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks

Smells linger as workers continue cleaning up Boyle Heights warehouse fire aftermath 

Crews are continuing to work on the cleanup of the Lineage Logistics warehouse fire, which burned a 500,000-square-foot facility containing 85 million pounds of food held in cold storage to the ground. Air quality -- and smell -- concerns continue to rise even after the fire, which burned for eight days, was extinguished earlier this week. KTLA's Omar Lewis reports. (June 28, 2026) Subscribe: https://www.youtube.com/ktla?sub_confirmation=1