The agency last week agreed to release emergency stocks but said Friday that the demand side is also a crucial part of the energy security equation.

Two-year yields climbed four basis points to 3.83%, while the 5-year yield gained three points to 3.91%, as market participants dialed back expectations for US Federal Reserve interest rate cuts this year because of the spike in oil prices. Prior to the

Two-year yields climbed four basis points to 3.83%, while the 5-year yield gained three points to 3.91%, as market participants dialed back expectations for US Federal Reserve interest rate cuts this year because of the spike in oil prices. Prior to the

Brent traded above a $108 barrel, up more than 5% this week, after closing on Thursday at the highest since mid-2022. West Texas Intermediate for May was around $94. In the region, the Islamic Revolutionary Guard Corps said it was still able to produce

Brent traded above a $108 barrel, up more than 5% this week, after closing on Thursday at the highest since mid-2022. West Texas Intermediate for May was around $94. In the region, the Islamic Revolutionary Guard Corps said it was still able to produce

Oil prices edged lower on Friday after a tumultuous day that saw the international benchmark surge above $119 a barrel as the Middle East conflict deepened energy supply fears.

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.View on eur

For years, global oil prices existed in a kind of harmony, rising and falling in step with each other as the ebbs and flows of supply and demand moved them in near lockstep.

Oil prices on Friday pared earlier gains on the intensifying Iran war, falling back to around $108 a barrel, as Iran strikes Gulf energy facilities, while world shares were mixed following Wall Street losses. U.S. futures edged up 0.1%. Oil prices had a r

The war in Iran has delivered what economists call a “black swan” event — an unforeseen shock so destructive, no one is immune to it.

Oil prices fell sharply after Netanyahu suggested the Iran war may end sooner than expected.

The major gauges are on track for a losing week.

The major gauges are on track for a losing week.

The major gauges are on track for a losing week.

The major gauges are on track for a losing week.