Latest Oil Market News and Analysis for Sept. 18
Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy thatโll shape the US-Iran war.
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Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy thatโll shape the US-Iran war.
The loss of a fifth of liquefied natural gas supply due to the US-Iran war is blowing out costs for Asiaโs developing markets, and forcing a rethink of the fuelโs long-term future in the region.
Chinaโs oil demand is expected to fall by 600,000 barrels a day in 2026 on the impact of the US-Iran war and spread of electric vehicles, according to the research arm of Sinopec Group, the top state-owned refiner.
Profit at Old Mutual declined for the first time since 2022 as risk-off sentiment from conflicts in the Middle East curbed investment returns at the Africaโs biggest insurer by assets.