Tag: "oil price"
Goldman Sachs warns of oil price surge on Strait of Hormuz risks
World 09:56 23/06/2025Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas prices, the bank said in a note dated Sunday.
Oil steadies after falling to four-year lows in previous session
World 10:18 06/05/2025Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand.
Oil drops more than $2/bbl as OPEC+ accelerates output hikes
World 10:46 05/05/2025SINGAPORE -- Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply.
