Oil prices could surge above $100 after Iran’s first attack on Israel
A refinery from the north of the Persian Gulf in Iran. Saeid Arabzadeh | Afp | Getty Images Oil prices could soar to $100 per barrel and beyond, said market …
Oil and Gas
Oil prices are set to rise as market braces for Israel response to Iran’s missile and drone barrage
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Amir Cohen | Reuters (View a special livestream of CNBC’s …
Iran seizes Israel-linked container ship in Strait of Hormuz
Iran’s Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on Saturday, days after Tehran said it could close the crucial shipping route and warned it would …
Morgan Stanley sees ‘hot summer’ for energy sector, gives top picks
A robust oil outlook on stronger-than-expected demand this year should provide a “hot summer” for energy stocks, according to Morgan Stanley. The investment bank has upgraded the energy sector to …
Colorado Eastern Plains vacancy in Congress leaves district without voice
For the first time in more than 40 years, a congressional district in Colorado is without a voice in the U.S. House of Representatives. In 1983, a seat sat vacant …
U.S. crude oil breaks $86 as tensions mount between Israel and Iran
A Mobil gas station in Los Angeles, California, US, on Tuesday, April 2, 2024. US crude futures hit $85 a barrel in New York for the first time since October, …
No water, no oil: How the parched western provinces could hamper the oilpatch
Persistent and severe drought conditions across Western Canada could have a devastating effect on the oil and natural gas sector, which has drilling operations in some of the driest areas, …
Global gas glut is set to reach multi-decade highs in the coming years
A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. Tomohiro Ohsumi | Bloomberg | Getty Images Natural gas prices have …
Brent, WTI add to first quarter gains
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Nick Oxford | Reuters Crude oil futures …
Canada is still backing the fossil fuel industry with billions, report finds
A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of …