LONDON: The price of the benchmark international oil contract Brent North Sea slumped more than five per cent on Friday as traders weighed the impact of fresh Middle East attacks on world crude supplies. Brent dropped to $95.61 a barrel having surged above $100 on Thursday. The main US contract, We»»»

The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen’s Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said. The Red Sea is a critical waterway for oil and commodities but traffic has dr»»»

LONDON: Oil prices fell on Tuesday as investors assessed US President Donald Trump’s plans to apply new tariffs later than expected while boosting oil and gas production in the US. Brent crude futures were down $1.42, or 1.77 percent, to $78.73 per barrel at 1116 GMT. US West Texas Intermediate cru»»»

LONDON, May 18 (KUNA) -- An oil tanker was attacked off the Yemeni coast late on Friday, a British maritime security center said on Saturday.The Joint Maritime Security Center, an authority affiliated to the British Ministry of Defense, said via its website that the oil tanker was lightly damaged d»»»