Oil Surge Fuels US Stock Futures Dip Amid Middle East Tensions
US stock futures slide amid surging oil and rising Middle East tensions, while regional markets show a bullish outlook.
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Oil’s Crucial Role in Israel-Iran Tensions: Global Endurance Tested
Rising tensions between Israel and Iran put oil in the spotlight, testing global economic endurance and market stability.
Egypt Unveils New Oil Field in the Western Desert
Egypt announces a promising new oil discovery in the Western Desert, boosting reserves and production potential with AI technology.
US Tariffs Ignite Energy Crisis: Trade War Dilemma
New US tariffs spark an energy crisis, threatening oil production and renewable investment, warns Wood Mackenzie analysis.
OPEC+ Ramps Up July Output to Reclaim Market Share
OPEC+ increases July oil production by 411k bpd to reclaim market share, shifting focus to volume over price.
Fiery Incident: Ecuador’s Largest Oil Refinery Evacuated!
A fire erupted at Ecuador’s largest oil refinery in Esmeraldas on May 26, triggering an evacuation and heroic efforts to control the blaze.
China Slashes Gasoline & Diesel Prices Amid Shifting Oil Markets
China will cut gasoline and diesel prices to reflect international oil market changes, ensuring stable supply and market order.
Trump Admin Threatens Tariffs on Venezuelan Oil Buyers
Trump admin re-imposes sanctions and tariffs on Venezuela’s oil and gas, sparking a heated economic clash with global implications.
Trump’s Tariff Threat Targets Venezuelan Oil Trade
US President Trump threatens tariffs on countries buying Venezuelan oil, risking further strain on Venezuela’s fragile economy and the global oil trade.