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Keywords: Energy markets
Oil markets endured another turbulent session on Wednesday as traders struggled to reconcile Donald Trump's signals of an imminent end to the U.S.-Iran war with the reality of continued fighting and a largely closed Strait of Hormuz. Brent crude, which had opened higher during Asian trading, reversed......
Fuel prices in Morocco are set to rise again starting Tuesday at midnight, with diesel increasing by 1.70 dirhams per liter and gasoline by 1.57 dirhams per liter. This comes after previous hikes in mid-March and amid ongoing volatility in international energy markets. According to industry sources,......
Finance and energy ministers from the Group of Seven met virtually on Monday alongside central bank governors as Europe faced mounting economic pressure from the energy shock linked to the conflict involving Iran. New data showed German inflation rising to its highest level in over a year, underscoring......
Morocco is stepping up oversight of its fuel market as global energy volatility continues to impact domestic prices. Rising geopolitical tensions in the Middle East have disrupted supply chains and pushed up international oil prices, creating ripple effects across fuel-importing countries. Highly dependent......
The United Arab Emirates has expressed its willingness to participate in a multinational maritime initiative aimed at restoring navigation through the strategically vital Strait of Hormuz, according to international media reports. The proposed operation would involve a coalition of countries working......
Indian-flagged liquefied petroleum gas (LPG) tankers are preparing to resume navigation through the strategically vital Strait of Hormuz in the coming days, according to maritime tracking data and industry sources. The vessels, currently anchored in Gulf waters, signal a cautious return to activity......
BlackRock chief executive Larry Fink said a military conflict with Iran could ultimately reduce global energy prices over the long term, offering a view that contrasts with the current surge in oil markets. Speaking Wednesday at BlackRock’s US Infrastructure Summit in Washington, Fink argued that......
European gas prices jumped sharply on Monday, rising by nearly 50 percent after Qatar’s state-owned energy company announced a halt to its liquefied natural gas production following reported drone attacks. The surge adds to earlier gains recorded during the morning session, as markets were already......
Oil prices climbed on Friday as the United States and Iran held their first indirect negotiations since American forces struck Iranian nuclear facilities during last year’s June conflict. The discussions, hosted in Oman, ended with an agreement to continue talks, although deep divisions remain......