oil economics

Latest news and articles about oil economics from NEX English

Oil Prices Surge Near $100 Amid US-Iran Ceasefire Doubts

Oil prices saw a significant rise on Thursday, nearing $100 per barrel, amid uncertainties regarding the fragile ceasefire between the United States and Iran. Reports indicated no signs of effectively reopening the Strait of Hormuz, raising concerns about its impact on the oil market.

Oil and Gas Prices Reach Highest Levels in Years Amid Rising Tensions

Oil and gas prices have seen a significant increase not witnessed in several years, driven by the repercussions of the Iranian war. Experts are calling for the urgent opening of the strategic oil reserve to mitigate economic impacts.