Brent crude traded at about Sh9,160 a barrel on Thursday as increased global supply and easing tensions between the United States and Iran reduced fea...
Major oil-producing countries in the Middle East have also accelerated production in response to the improved security situation.
The decline marks a significant reversal from the sharp rally witnessed earlier this year when fears over disruptions to energy supplies pushed oil pr...
Benchmark crude falls below Sh12,255 per barrel as investors weigh renewed diplomatic hopes against persistent geopolitical risks in the Middle East.
Efforts to resolve the conflict remain stalled, with diplomatic negotiations showing little progress and uncertainty persisting over potential de-esca...
Brent crude futures fell for a second straight session on Wednesday, slipping below $108 a barrel. The move followed the US pause of a key Strait of H...
The United Arab Emirates is leaving OPEC to pump more oil on its own terms. The break strips Saudi Arabia of a key partner and adds to growing uncerta...
The projection signals prolonged pressure on energy costs, with the current pricing reflecting a fragile balance between geopolitical uncertainty and...
The decline followed remarks by Iran’s Foreign Minister Abbas Araghchi on Friday, who said the Strait of Hormuz was fully open to commercial traffic d...
The price rally was driven by tightening physical supply conditions, disruptions to crude and refined product flows, and reduced shipping efficiency a...
A petrol shortage has hit Eastleigh in Nairobi, leaving motorists, bodaboda riders and residents searching across stations for fuel, despite official...
The prices dropped by 16.1 per cent to $95.63 (Sh12,431.9) per barrel from Tuesday’s highs of $113.92 (Sh14,809.6), offering brief relief to fuel-impo...
The rise extends a sharp rally this week as escalating tensions in the Middle East threaten one of the world’s most critical energy shipping routes.
The renewed rally comes after a brief slowdown earlier in the week when US President Donald Trump signalled that the ongoing war in the region could e...
The decline comes after days of volatility that had pushed prices to near historic highs amid concerns about escalating tensions in the Middle East.
Brent crude has jumped after fresh Middle East tensions, lifting fuel costs and inflation risks. The article explains how higher oil prices affect hou...
Daily tracker shows Brent crude futures climbed to $79.42 (Sh10,247) a barrel at the open of business on Tuesday.
