Azeri Light crude oil recorded a decrease in its price, reaching $120.68 per barrel when measured at the Augusta port located in Italy. This reflects changes in global commodity pricing.
Startup funding across the MENA region saw a significant increase, totaling $1.1 billion during September of 2026. This figure reflects investment activity within the regional tech sector.
The price of Brent crude has risen above the $100 mark because ongoing assaults by the Houthis on Saudi Arabia have reignited concerns regarding oil supply.
Ship & Bunker has raised its forecast for bunker prices by an additional $124 per metric ton because the EIA predicts that Brent crude will remain above $100 in the fourth quarter.
Global oil prices are increasing following reports of severe weather expected in the Gulf region and ongoing strikes by the Houthis within Saudi Arabia.
Global oil prices are reportedly rising because of increased risks to the oil supply. These risks stem from a storm in the Gulf of Mexico and actions taken by Saudi Arabia.