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global energy markets

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Mar 2, 2026

Oil and gas surge as Iran war disrupts Middle Eastern output

Oil and gas prices surged due to Israeli and U.S. strikes on Iran, causing shutdowns and shipping disruptions in the Middle East, impacting global markets and inflation.

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. REUTERS/Pavel Mikheyev
Jan 8, 2026

Oil rises as market focuses on Venezuela and US sanctions plans

Oil prices climbed after two days of losses as investors weighed Venezuela crude flows and progress on U.S. Russia sanctions.

A Chevron logo outside the Chevron building in Houston, Texas, U.S. August 19, 2025. REUTERS/Kaylee Greenlee
Jan 5, 2026

US oil companies gain after Trump signals access to Venezuela’s reserves

U.S. oil and refining stocks surged after Trump said American firms could access Venezuela’s vast oil reserves amid political upheaval.

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