By Laura He, CNN Hong Kong (CNN) — Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading
Prices had already risen in expectation of action, with Brent crude near a six-month high last week.
CNBC TV holds a special livestream Sunday evening on the Iran-Israel conflict, spiking oil prices and the stock market decline.
Andriy Kobolyev calls for more weapons after Russia destroys one of Ukraine’s largest power plantsA dramatic rise in European energy prices is inevitable if the Russian destruction of Ukrainian energy infrastructure continues unabated, the former chief executive of Ukraine’s state-owned oil company has warned.Andriy Kobolyev, a former head of Naftogaz, said in an interview with the Guardian: “Russia is trying to wage a global energy war and Ukraine is part of that war and if the markets perceive...
Brent crude dips to $90 per barrel as markets monitor Israel-Iran, while 14,000 jobs could be cut at Tesla
Stay with us here — think about chicken parts. Higher demand for white breast meat means an excess of chicken legs.
Nominations Open for the S&P Global Commodity Insights 2024 Platts Global Energy AwardsNEW YORK, April 16, 2024 /PRNewswire/ -- S&P Global Commodity Insights announces the call for nominations for the Platts Global Energy Awards program, now in its 26th year. Nominations will be
U.S. officials told NBC News that they expect an Israeli response to Iran's attack to be limited in scope.
Drivers in Texas saw a 7-cent increase in gas prices with an average of $3.29/gallon of regular unleaded fuel however the increase marked a 7-cent decrease when compared to this day last year on Thursday, according to the AAA Texas Weekend Gas Watch.
In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?
Using firm-level data from the global supply network, researchers from the Complexity Science Hub (CSH) quantified countries' exposure to production losses caused by firm defaults in other countries. According to their findings, wealthy nations are only exposed to supply chain disruptions from other high-income countries, while poor and developing nations are exposed to shocks from all countries.