Crude oil futures fell as ceasefire boosts Middle East peace prospects. OPEC+ postpones meeting, faces production dilemma.

Oil prices were lower in European and headed for weekly losses of around 3% as traders monitor developments in the Middle East and await OPEC+’s policy decision next Thursday.

-- January Brent crude BRNF26, the global benchmark, was down 57 cents, or 0.8%, at $72.71 a barrel on ICE Futures Europe. The more actively traded February contract BRN00 BRNG25 shed 57 cents, or 0.8 ...

A surplus looms next year even if the cartel cancels the supply hikes entirely, the International Energy Agency forecasts.

GazaYair Lapid, the leader of Israel’s opposition, outlined a road map towards ending the war in Gaza and restoring peace in ...

Those said to have lost out to CPECC include Engineers India (EIL), Egypt’s ENPPI, Greek player Archirodon and Middle East-based Kent, sources said. The workscope is said to include multiple ...

President-elect Donald Trump has made another move to fill out his administration with his choice to appoint Steve Witkoff as the U.S. special envoy to the Middle East. Witkoff is far from an ...

The October transaction involved 670,000 barrels of Middle East crude oil cargo and took place between "a publicly traded super-major oil company" and "top-tier commodity trader," Tether said.

But the stakes in the Middle East are far higher now than during the president-elect’s first term. Trump, who has described himself as the most pro-Israel president ever, moved the U.S. Embassy ...

"We were talking about the Middle East, and he took a piece of paper and he drew on it [a] map of the Middle East with all the nations on it, which most Americans couldn't do," he told the right ...