Oil Prices Surge to $120 Amid Ongoing Tensions in Iran
Oil prices have reached $120 per barrel, driven by reports of an extended blockade in Iran. Analysts are monitoring the situation closely as tensions rise.
Editorial Staff May 3
Oil & Gas
Latest Oil & Gas stories from Energy.
Iran's Closure of the Strait of Hormuz Raises Oil Supply Concerns Amid UAE's OPEC+ Departure
The closure of the Strait of Hormuz by Iran has significant implications for global oil supply, coinciding with the UAE's exit from OPEC+.
Editorial Staff May 3
Trump's Mixed Messages on Iran: Oil and War Sentiment
In a recent statement, Trump navigates the complexities of U.S. involvement in Iran, balancing public sentiment against military engagement with a controversial stance on oil.
Editorial Staff May 3
OPEC+ Increases Oil Production Limits Amid Ongoing Strait of Hormuz Tensions
Despite the closure of the Strait of Hormuz, OPEC+ has opted to raise oil output quotas, a decision that could influence market dynamics amid geopolitical uncertainties.
Editorial Staff May 2
Surging Oil Prices: Implications for Energy Investors
As oil prices surpass $100 once more, energy investors are urged to consider their strategies moving forward.
Editorial Staff May 2
Hijacking of Oil Tanker Off Yemen's Shabwa Coast Raises Concerns
An oil tanker has been hijacked near Shabwa, Yemen, and is reportedly making its way towards Somali waters, marking a troubling trend in maritime security.
Editorial Staff May 2
Petrobras Increases Natural Gas Prices by 19% Amid Oil Market Instability
In a significant move, Petrobras has raised natural gas prices by 19%, responding to recent fluctuations in the oil market. This decision is expected to affect both consumers and businesses dependent on natural gas.
Editorial Staff May 2
UAE's Departure from OPEC Signals Major Shift in Oil Market Dynamics
The UAE's exit from OPEC after 60 years is poised to significantly influence global oil production strategies and pricing.
Editorial Staff May 2
UAE's Departure from OPEC Highlights Internal Strains
The UAE has announced its exit from OPEC and OPEC+, reflecting ongoing tensions regarding production quotas within the organization. This decision may influence global oil markets.
Editorial Staff May 2
Surge in Oil Aid Applications in South Korea
South Korea has seen a notable rise in applications for its oil aid program, reaching 73% of the expected total, indicating growing support for local oil industries.
Editorial Staff May 2
Concerns Raised Over Tar Sands Oil Pipeline and Call for More Public Input
WildEarth Guardians express worries about the environmental effects of a large tar sands oil pipeline and advocate for increased public participation in the review process.
Editorial Staff May 1
Trump Approves New Oil Pipeline Project in Wyoming
The recent approval of a significant oil pipeline in Wyoming by Trump is poised to impact the local economy while raising environmental concerns.
Editorial Staff May 1
Fort Worth Firm Innovates Lithium Extraction from Oil Field Wastewater
A company in Fort Worth is developing a novel method to extract lithium from oil field wastewater, which may have significant implications for the energy industry.
Editorial Staff May 1
Policymakers Caution Against Rate Cuts Amid Rising Oil Prices
As oil prices continue to rise, policymakers are advising the Federal Reserve to reconsider any plans for rate cuts, highlighting potential economic risks.
Editorial Staff May 1
Crude Oil Prices Decline Amid Investor Reactions to Iran's New Proposals
The recent surge in crude oil prices has come to a halt as investors begin to take profits following new proposals from Iran, leading to a noticeable market shift.
Editorial Staff May 1
UAE's Departure from OPEC: Implications for Oil Trade and Investment
The UAE's recent exit from OPEC is poised to alter the dynamics of the oil market. Analysts suggest potential investment opportunities in light of these changes.
Editorial Staff May 1
Goldman Sachs Adjusts Oil Price Forecast: Implications for Energy Investors
Goldman Sachs has revised its oil price outlook, raising questions about the next steps for energy investors in light of these changes.
Editorial Staff May 1
Chevron's Stock Gains Amid Rising Oil Prices Linked to Iran Conflict
Chevron's stock has experienced an uptick as its earnings are positively influenced by the recent surge in oil prices, attributed to the ongoing conflict in Iran.
Editorial Staff May 1
Preparing for an Impending Oil Crisis: What Investors Should Know
As geopolitical tensions rise, investors are advised to prepare for potential volatility in the oil market. Analysts suggest significant price fluctuations ahead.
Editorial Staff May 1
Oil Prices Update as of May 1, 2026
As of May 1, 2026, the latest updates on oil prices have been reported by Fortune, reflecting ongoing trends in the energy market.
Editorial Staff May 1