News

Zelenskyy warns oil price surge could help Russia’s war effort
Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen ...
Live Updates: Israel Expands Attack to Include Iran’s Oil and Gas Industry
The sweeping attacks by Israel, which began early Friday, have killed more than 70 people, including four of Iran’s top ...
Higher Oil Prices Mean Less GDP
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
Oil-Price Surge Could Complicate U.S. Inflation Fight
A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost ...
Here’s How Oil Could Climb to $120 a Barrel, Strategists Say
Almost a third of the global seaborne oil trade moves through the Strait of Hormuz. Any interruption could send crude prices ...
What’s Fueling Oil Prices? Geopolitics, Not Growth
Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...
Fire burning at Marathon Oil refinery in Texas City | Shelter in place issued
A fire has broken out at a Marathon Oil refinery in Texas City, emergency officials say. The Texas City Office of Emergency ...
Rising oil prices have a surprising new impact
In early 2025, oil prices crashed to nearly $60 a barrel but rebounded to $75 due to the recent conflict.