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French Roxel sales rise 7.3% to $17.28B

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15 Hrs2026-10-22T20:29:00.000Z
French Roxel sales rise 7.3% to $17.28B

Libya Oil Valve Closure Threatens Supply

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18 Hrs2026-10-22T16:58:39.000Z
Libya Oil Valve Closure Threatens Supply

Sudan's food duty exemptions stir debate

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20 Hrs2026-10-22T14:49:26.000Z
Sudan's food duty exemptions stir debate

Skoda and Volkswagen Dispute Over 2030 Wage Freeze

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21 Hrs2026-10-22T14:11:00.000Z
Skoda and Volkswagen Dispute Over 2030 Wage Freeze

Alujain stock drops below key support

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23 Hrs2026-10-22T12:03:49.601Z
Alujain stock drops below key support
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Brent crude tops $112 amid regional tensions

Brent crude tops $112 amid regional tensions

Oil prices surged significantly as security tensions in the Middle East escalated. Brent crude oil prices rose to over $112 per barrel after the United States issued orders for its diplomatic staff and their escorts to leave Saudi Arabia, following attacks that resulted in casualties and injuries. The ongoing escalation led to targeted attacks on oil tankers in the region, raising concerns about the impact on global oil supplies, especially in the Strait of Hormuz and the Gulf of Oman, as well as increased attacks on maritime navigation over the past two weeks. However, the U.S. Energy Information Administration reported a decrease in oil inventories by 3.06 million barrels, compared to an expected decline of 820,000 barrels, while inventories of refined products increased.

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