News
Oil gains on short-covering, nuclear talks
Oil prices gained on Friday (May 23) as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the…
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Oil
Politics
Oil slides nearly 2% as Trump recommends 50% EU tariff
Oil prices dropped by nearly 2 per cent on Friday (May 23) and were set for their first weekly decline in three weeks after US President…
Business
South Sudan on edge as Sudan’s war threatens vital oil industry
South Sudan relies on oil for more than 90 percent of its government revenues, and the country depends entirely on Sudan to export the…
Politics
Oil prices little changed on geopolitical uncertainty, weak China demand signals
Oil prices were little changed on Tuesday (May 20) due to uncertainty in US-Iran negotiations and Russia-Ukraine peace talks, while new…
News
Chevron seeks big oil and gas blocks in Indonesia
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas [TANGERANG, Indonesia] US oil major Chevron is…
Politics
New EU and UK sanctions target Russia's shadow fleet of tankers illicitly transporting oil
BRUSSELS (AP) — The European Union on Tuesday agreed to impose fresh sanctions on Russia, notably targeting almost 200 ships from the…
Politics
US sanctions on China refiners over Iran oil disrupt operations: sources
Recent US sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell…
Business
Oil prices rise 3% on support from US-China trade hopes
Oil prices rose around 3 per cent on Thursday (May 8), buoyed by hopes of a breakthrough in looming trade talks between the US and China,…
Politics
Zombie oil supertanker in China points to Iran trade workarounds
After buckling under pressure from Beijing and Washington, the clandestine supply chain that carries Iranian crude to China is finding new…
Politics
With fentanyl trade targeted by Trump, cartels move to oil smuggling
As President Donald Trump promises to crack down on fentanyl trafficking across U.S. borders, Mexican cartels are hedging their bets with…
Politics
Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
Business
Big Oil isn’t budging on output as Opec+ supply hike looms
The largest western oil producers are mostly sticking with their growth plans for now, despite a 16 per cent decline in crude prices…
Politics
Opec+ agrees another accelerated oil output hike for June
[LONDON/DUBAI] Opec+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed to…
Politics
Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen…
Business
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on…
News
Oil posts biggest weekly loss in a month ahead of Opec+ meeting
Oil prices fell more than 1 per cent lower on Friday (May 2) and recorded their biggest weekly losses since the end of March, as traders…
Business
Oil settles lower, posts steepest monthly decline since 2021
Oil prices settled down on Wednesday (Apr 30) and recorded the largest monthly drop in almost 3½ years after Saudi Arabia signalled a move…
Politics
Oil posts weekly fall on tariff worry and rising supplies
Oil prices edged higher on Friday (Apr 25) but posted a weekly decline, under pressure from market expectations of oversupply and…
Business
Oil prices settle up on weaker US dollar, mixed economic news
Oil prices edged up on Thursday (Apr 24) as investors weighed a weaker US dollar, potential Opec+ output increase, mixed economic news,…
Politics
Oil falls 2% after sources say Opec+ to mull accelerating output
Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June,…
Politics
Oil prices settle up nearly 2% on new Iran sanctions, equities rally
Oil prices settled more than US$1 per barrel higher on Tuesday (Apr 22) as new US sanctions against Iran and rising equity markets helped…
Business
Local media report taken out of context in misleading posts about crude palm oil tax
Malaysia has no plans to implement a tax on crude palm oil in the near future, its finance ministry told AFP, rebutting social media posts…
Politics
Oil fell with Ukraine-Russia truce, US-Iran talks in focus
Trading volumes in crude futures may be lower than usual in Monday’s session, with some countries observing holidays to mark Easter Oil…
Politics
Oil posts weekly gain on trade deal hopes, new Iran sanctions
Oil prices settled more than 3 per cent higher on Thursday (Apr 17), supported by hopes for a trade deal between the United States and the…