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global energy market

Oil Prices Surge as Israel Retaliates with Airstrikes Against Iran

Global Energy Markets Jolt as Israel–Iran Conflict Sparks Oil Price Surge: Global energy markets took a dramatic turn Friday after Israel launched a wave of airstrikes targeting Iran’s nuclear and military facilities. Brent crude jumped more than 9%, surpassing $75 per barrel for the first time since January. U.S. West Texas Intermediate (WTI) crude surged […]

Oil Prices Plummet 8% as OPEC+ Stuns Markets With 1.5M Barrel/Day Production Surge

Crude oil prices plummeted on Monday after OPEC+ shocked markets with an unanticipated 1.5 million barrel per day (bpd) production hike, sparking the most severe single-day decline since mid-2020. Brent crude futures plunged 8.1% to 65.40/barrel, with West Texas Intermediate (WTI) crashing 8.3 61.85 – wiping out half a year of gains in mere hours. […]