Latest Energy markets News

What's next for oil and gas prices as Middle East tensions heat up?

Oct. 04, 2024 16:54 PM EDT

Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but...

Oman state-run oil firm OQ will make initial public offering and potentially seek billions

Sep. 09, 2024 06:47 AM EDT

DUBAI, United Arab Emirates (AP) — An Omani state-run oil and gas company announced Monday it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate. OQ, formerly known as...