Oil Supply
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Economy
Saudi-Yemen Conflict Pushes Oil Prices Close to $110 a Barrel
DID Press: Oil prices have climbed in global markets amid escalating tensions between Saudi Arabia and Yemen’s Houthi movement, with Brent crude approaching $110 a barrel and US West Texas Intermediate (WTI) crude rising above $100. The increase comes amid…
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Economy
Physical Brent Crude Oil Surpasses $154 a Barrel, Highest Level Since 1991
DID Press: The price of physical Brent crude oil has climbed above $154 a barrel, reaching its highest level since records began in 1991. Meanwhile, the gap between physical Brent and Brent futures contracts has widened to more than $50…
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Economy
Ansarullah and Shifting War Dynamics; Warning of $150 Oil
DID Press: Recent developments in Yemen and mounting pressure on energy transit routes have heightened concerns over the economic and geopolitical consequences of the continuing war with Iran. In the latest development, Yemen’s Ansarullah has attacked positions held by Aden…
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Economy
Brent Crude Climbs Above $95 as US-Iran Tensions Escalate
DID Press: Brent crude oil prices surged on Wednesday as renewed military tensions between the United States and Iran heightened concerns over potential supply disruptions in the Middle East and shipping through the Strait of Hormuz. Reuters reported that Brent…
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Economy
Brent Crude Rises Above $90 as Hormuz Disruptions Deepen Supply Concerns
DID Press: Brent crude oil prices briefly climbed above $90 a barrel on Tuesday, as fading hopes for a breakthrough in U.S.-Iran negotiations and continued disruption to shipping through the Strait of Hormuz intensified concerns over global energy supplies. Reuters…
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Economy
Brent Oil Surpasses $86 Amid Supply Fears and Rising Geopolitical Tensions
DID Press: The price of Brent crude oil has climbed above $86 per barrel for the first time since June 12, as growing concerns over global supply disruptions and escalating geopolitical tensions push energy markets into renewed uncertainty. Brent crude,…
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