Sat, 26 September
Home » Topic: Oil Market

Oil Market News

Satellite image showing scorched ground near a damaged oil pipeline, indicating a drone attack.

Saudi Arabia shuts key oil pipeline after drone attack launched from Iraq

Riyadh finds itself at the epicenter of escalating Middle East tensions following a devastating drone assault that forced the closure of a pivotal crude artery. The recent Saudi Oil Pipeline…

By Articles Infos | September 12, 2026

Oil hits $100 a barrel for first time since July after US and Houthi strikes

In a dramatic turn of events, global Oil Prices have surged past the critical $100 (£74) a barrel mark for the first…

03:30 PM | Sep 09, 2026
Oil tanker on the sea with a blurry background of oil infrastructure, depicting the rise in oil prices.

Trump says Iran ceasefire is on ‘massive life support’

President Donald Trump has dramatically declared the fragile, month-long Iran ceasefire to be on “massive life support,” revealing a deeply strained truce…

03:30 PM | May 12, 2026
US President Donald Trump addressing reporters, discussing the fragile state of the Iran ceasefire.

What happens if oil breaches US$150 a barrel? BMO report lays out warning

The global economy braces for a potential seismic shift. Economists are issuing stark warnings: should Brent crude, the international benchmark for oil,…

02:00 PM | Apr 06, 2026
Economists warn that if oil prices hit US$150 a barrel, both Canadian and U.S. consumers face a mild economic downturn. A BMO report details the severe impact.