Oil

Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

Bitcoin climbed to an all-time high as Donald Trump's victory in the US presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment.

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices fell as much as five percent in early trade before paring some of their losses

Oil prices steady after 7% weekly drop

Brent crude futures rose 8 cents, or 0.11 percent, to $73.14 a barrel by 0120 GMT

Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook

Brent crude futures fell $1.39, or 1.87 percent, to $73.06 a barrel. US West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05 percent

VAT on import and trading of edible oil slashed 

NBR also exempted VAT at production and trading of the highly import-based edible oil

Oil prices drop on easing fears over Middle East, most markets rise

Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector

Oil prices rise on US storm, fears of Israel-Iran conflict

US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"

Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT

Oil prices dip after strongest weekly rise in over a year

Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel

October 3, 2024
October 3, 2024

Why oil price yet to ignite on Middle East escalation?

Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel

October 2, 2024
October 2, 2024

Oil extends rally after Iran attack, Hong Kong resumes surge

Both main crude contracts jumped more than five percent at one point Tuesday after Iran fired dozens of missiles at Israel in response to the killings of Tehran-backed militant leaders

September 30, 2024
September 30, 2024

Oil prices rise on Middle East conflict fears as Israel steps up attacks

Brent crude futures for November delivery increased 51 cents, or 0.71 percent, to $72.49 a barrel as of 0330 GMT.

September 25, 2024
September 25, 2024

No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC

OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change

July 31, 2024
July 31, 2024

Oil rebounds after Hamas leader killed in Iran, but China caps gains

Oil prices climbed more than $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed concerns about weak China demand

February 10, 2024
February 10, 2024

Oil investors are adrift in Red Sea rip currents

Weak demand so far has kept oil prices stable amid the Red Sea crisis, but it could change

January 23, 2024
January 23, 2024

Red Sea oil tension may revive Russia-Saudi spat

The ongoing Red Sea crisis can potentially revive Russia-Saudi oil tensions, according to a Reuters analysis

January 20, 2024
January 20, 2024

China defies sanctions to make Russia its biggest oil supplier in 2023

Russia became China's top oil supplier in 2023, defying Western sections

January 6, 2024
January 6, 2024

Global food prices drop 13.7% in 2023: FAO

Global food prices dropped last year, with notable exceptions like rice due to climate and supply concerns

December 26, 2023
December 26, 2023

Oil little changed as investors eye Middle East tensions, US rate cut

Oil prices were little changed on Tuesday as investors focused on Middle East tensions and US rate cut