Oil Prices Slip on Easing Middle East Risks

Gas prices decline as global tensions cool

INDIANAPOLIS — Though recent events have caused some turmoil and volatility in energy markets, gas prices have returned to their steady decline, thanks to cooling Middle East geopolitical tensions and increased oil production from OPEC in recent months, according to…

Oil Steadies as Dollar Eases and Middle East Tensions Simmer

(Bloomberg) — Oil steadied near the lowest levels in a month as tensions flare up in the energy-rich Middle East, returning the spotlight to the fragility of a truce between Israel and Iran.

Why oil prices are easing even after recovering from conflict-driven spike

Brent crude steadied at its lowest level since early June, trading just under $67 a barrel

Oil adds to losses on easing geopolitical risks, anticipated OPEC+ production hike

Oil firms lower pump prices

(UPDATE) AFTER three consecutive weeks of increases, the price of fuel went down on July 1 following the de-escalation of tensions between Israel and Iran.The biggest price cut will be for kerosene, which will have a price drop of P2.20.The cost of gasoline will go down by P1.40, and diesel by P1.80.In a related development, the Department of Energy (DOE) announced fuel price discounts for drivers of Public Utility Vehicles (PUVs), Transport Net…

Gas Prices Fall to $3.14 Ahead of July 4 as Middle East Risks Recede

U.S. gas prices have dropped to their lowest Independence Day level in four years, with the national average now at $3.14 per gallon, according to GasBuddy. The dip is driven by a retreat in Middle East tensions and consistent supply from both U.S. shale producers and OPEC+ exporters. Brent crude futures have fallen steadily over the past two weeks, dropping from over $75 per barrel to just under $68 as of Monday. The de-escalation between Israe…