All the updated news related to price of oil

All the news related to price of oil updated in real time

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Saudi Arabia extends oil production cut in bid to boost energy prices

Saudi Arabia has said it will extend its unilateral production cut of one million barrels of oil a day to the end of September in its effort to boost flagging energy prices. The Saudi cut of one million barrels per day, which began in July, comes as ...

03 Aug 2023 at 17:05

World

Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to lower energy prices. Aramco made the announcement in a filing in Riyadh’s Tadawul stock market. It had reported a 161 ...

10 Mar 2024 at 08:39

Petrol prices rise for first time since early July

Average petrol prices have risen for the first time since early July, figures show. Statistics from the Department for Business, Energy & Industrial Strategy show the average cost of a litre of the fuel at UK forecourts on Monday was 162.8p. ...

18 Oct 2022 at 16:05

Fuel prices expected to rise because of Iran conflict

Drivers are being warned to expect a rise in fuel prices because of the war in the Middle East. The AA said prices will “inevitably increase” while the RAC said the conflict has the “potential to push up pump prices” but “it’s not a ...

02 Mar 2026 at 14:40

Oil prices race above 100 dollars a barrel as Iran conflict escalates

Oil prices have rocketed above 100 dollars a barrel for the first time in nearly four years as the escalating conflict in Iran sparks a mounting crude supply crisis. Benchmark Brent crude soared by 17% to more than 108 dollars a ...

09 Mar 2026 at 07:56

Stock markets tumble further as oil prices soar above 100 dollars a barrel

London’s FTSE 100 Index joined global markets in tumbling lower after oil prices rocketed above 100 US dollars a barrel for the first time in nearly four years amid a mounting supply crisis caused by the Iran war. The UK blue ...

09 Mar 2026 at 13:42

Stock markets drop after spike in crude oil prices amid Iran conflict

Global financial markets slid further on Monday after oil prices rose above 100 dollars a barrel amid concerns of a mounting supply crisis caused by the Iran war. Nevertheless, early volatility calmed during the afternoon ...

09 Mar 2026 at 17:25

Oil prices retreat and stock markets rally on Iran war resolution optimism

The cost of crude oil eased back and financial markets rallied higher on the latest hopes of a resolution to the Iran conflict. Brent crude fell back below 100 US dollars a barrel, down 2% at 99.89 dollars in morning ...

01 Apr 2026 at 09:55

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