(Investing) – BlackRock CEO Larry Fink warned that oil prices could climb to $150 per barrel and trigger a global recession if Iran continues to pose a threat to regional stability after the current conflict ends. Fink told BBC’s Big Boss Interview podcast published on Wednesday that sustained threats to trade and the Strait of Hormuz could keep oil prices above $100 and
(Investing)– At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA’s effort to expand floating storage and keep selling crude even as a U.S. blockade has reduced exports to a minimum. U.S. President Donald Trump this month announced a blockade of all sanctioned vessels going
(World Oil) – Increased oil supply from OPEC and its allies will continue to put pressure on crude prices next year, while liquefied natural gas prices will likely fall later in the decade, according to Chevron Corp. Chief Executive Officer Mike Wirth. “Oil prices in 2026 are likely to feel more pressure than LNG prices,” Wirth said in an interview with
