Mideast Tensions Flare, Then Fizzle: Syria's Near Miss and the Unexpected Calm in Oil Markets

The never-ending volatility in the Middle East took yet another turn for the worse this week, when the Druze community in Syria came under attack from some sections of the Bedouin tribes in Syria; the closer relations of the former with the state of Israel made an already tense situation even worse…

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Oil Market Takes Bearish Turn: Red Sea Attacks Escalate as OPEC+ Boosts Supply

The price of crude oil has shifted to bearish territory in light of softening demand, increased supply and evolving geopolitical risks.  Despite a brief lull following a ceasefire between the US and the Houthis, Yemen's Houthi rebels have resumed attacking ships in the Red Sea. A recent incident…

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Oil Prices Remain Stable Amidst Middle East Volatility

Despite ongoing tensions in the Middle East, crude oil prices have remained remarkably steady. As of 09:53 GMT, WTI was priced at $65.23 and Brent at $67.02. Liquefied natural gas (LNG) was at $3.45. Contrary to some analysts' and investment bankers' predictions of soaring oil prices, this d…

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