Brent oil

Brent oil

A satellite image shows an oil terminal on Kharg Island, Iran, on 25 February 2026. File Photo: Planet Labs PBC/Reuters

Why Kharg Island matters in the Middle East and global oil markets

Roughly one-third the size of Manhattan, the island is often described as the "economic lifeblood" of the Iranian state. A 1984 CIA document called the facilities on the island "the...

A drone view shows crude oil tanker Nissos Christiana, first ship to transport oil from Syria since the fall of Bashar al-Assad’s regime, anchored in the port of Tartus, Syria, September 1, 2025. Photo: REUTERS/Mahmoud Hassano

Syria exports first crude oil shipment in 14 years: official

File Photo: Reuters

Oil prices rise on fresh China stimulus, Middle East tensions

A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan

Brent oil falls on fears over global economic slowdown

A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan

Oil prices fall after US Fed chair warns of economic pain ahead

Photo: Reuters

Oil rises after OPEC+ rebuffs US call to boost output

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo

Oil bears and bulls grapple as market puzzles over pandemic exit

A PetroChina worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China June 27, 2018.

Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices

Representational image. Photo: Collected

Oil prices slip after OPEC warns of downside risks to demand in first-half 2021

The Wilmington ARCO refinery in Los Angeles, California on Dec. 19, 2003. DAVID MCNEW/GETTY IMAGES

Oil rally boosted by surprise fall in US stocks

Photo: Reuters

Oil extends gains as optimism over US stimulus lifts global markets

Photo: Reuters

Oil gains as anticipation of brief virus impact on economy grows

PHOTO - Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. REUTERS/Stringer

Brent oil rises above $60, buoyed by US inventory drawdown