Crude prices climb over 4% as Middle East tensions, inventory draw fuel supply fears

Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets heightened worries. Shipping companies operating in the Gulf remain on alert amid fear

Economist Professor William Peprah has urged the government to explore closer energy cooperation with Nigeria as part of efforts to reduce Ghana's fuel import costs and cushion consumers from rising petroleum prices.

Gulf Coast refineries are welcoming the surge from Venezuela during the prolonged Strait of Hormuz closure that’s virtually halted imports from Iraq and Saudi Arabia.

Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East ‌squeezes supplies from overseas and underscores the urgency to improve energy security. Albanese said the project will help build Australia’s resilience and sove

Commonwealth and Western Australia to fund study into construction of large-scale petrol refinery as buffer against fuel vulnerability Get our breaking news email, free app or daily news podcast Australia’s first new oil refinery in 60 years could be built in Western Australia under the Albanese government’s long-ter

TOKYO (Kyodo) -- Tokyo stocks rose Monday after crude oil prices retreated on expectations that tensions in the Middle East would ease, although conce

MANILA, Philippines — President Ferdinand Marcos Jr. highlighted in his fifth State of the Nation Address the P58 billion fund that was trickled down to local governments in response to the effects of the Middle East conflict in the Philippines. On February 28, 2026, the United States of America and Israel struck Iran,

U.S. Treasury yields dipped Monday after the U.S. and Iran paused hostilities, driving oil prices lower.

The US and Iran held off attacks on one another for a third straight night, helping lift global stock and bond markets and push down oil prices.

The Australian sharemarket is set to rise as the US paused an almost two-week run of strikes against Iran.

The Australian sharemarket is set to rise as the US paused an almost two-week run of strikes against Iran.