Business
ExxonMobil, Chevron clock best month since 2022 as crude surges
ES of US oil giants ExxonMobil and Chevron notched their largest monthly gains in more than three years, boosted by rising energy prices,…
Tag
Crude
News
Indonesia’s launch of B50 biodiesel subject to prices of crude oil and CPO, minister says
The country subsidises its biodiesel programme using proceeds from palm oil export levies The timing of Indonesia’s launch of its B50…
Fashion
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels Chinese…
News
Proposed legislation would add refined fuels to the U.S. emergency crude oil supply
Sen. John Curtis has introduced legislation to establish a dedicated stockpile of refined fuels such as gasoline, diesel and jet fuel and…
News
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under…
Business
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
News
Oil settles higher as tight fuel markets offset crude supply concerns
Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh US sanctions and Ukrainian drone…
News
Crude oil recovers late in session on hopes over US-Hungary meeting
Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as US President Donald Trump met Hungary’s…
News
Asia: Crude spikes as Trump threatens Russian giants, stocks turn lower
Crude prices spiked more than two per cent on Thursday after Donald Trump said he would hit two Russian oil companies with hefty…
News
US hits firms moving Iranian oil and major China crude terminal
The latest designations by the Treasury Department mark the latest effort by Washington to target the Beijing-Tehran energy trade The US…
Business
China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers
Crude could trade at below US$60 a barrel by end-2025 as the world’s largest oil importer slows down stockpiling The crude oil market is…
Business
Oil prices ease on surprise build in US crude stockpiles, Opec+ to consider output hike
Oil prices eased about 1 per cent to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations…
Business
Oil edges up on US crude stocks drop, impact of US tariffs on India
Oil prices settled higher on Wednesday (Aug 27) after data showed a larger-than-expected drop in US crude inventories and as investors…
Fashion
Oil prices climb 2% on drop in US crude inventories as investors focus on Ukraine peace push
Oil prices climbed about 2 per cent on Wednesday on a bigger-than-expected weekly drop in US crude inventories as investors awaited the…
Business
Saudis raise crude prices to Asia after Opec+ adds barrels
Saudi Arabia raised crude prices for a second consecutive month, signalling confidence in demand for its barrels as Organization of the…
Business
ExxonMobil reports 23.4% drop in profits on lower crude prices
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from…
Business
US: Stocks rally as crude prices fall sharply
Wall Street stocks rose on Monday as markets shrugged off Iran’s response to the weekend US military strike while petroleum-related…
Fashion
Iran Votes to Close Strait of Hormuz that Could Put One-Fifth of World's Oil Supply at Risk and Trigger Sharp Rise in Global Crude Prices
Iran's parliament has voted to close down the Strait of Hormuz, a crucial maritime route that handles around 20 percent of the world's…
Business
Crude climbs on US jobs report, China talks
Crude rose more than US$1 a barrel on Friday, posting its first weekly gain in three weeks after a favourable US jobs report and resumed…
Business
Oil Prices Hold Steady as U.S. Fuel Stocks Rise and Saudi Arabia Cuts Crude Rates
After a turbulent opening to the week, oil markets had a bit of a breather on Thursday. Investors, who are still processing a jumble of…
News
Oil rises marginally on tariff exemption, Chinese crude imports
Oil prices settled slightly higher on Monday (Apr 14) on exemptions for some electronics from US tariffs and data showing a sharp rebound…
News
Brent, WTI prices climb more than US$1 on possible Iran crude restriction
Brent and West Texas Intermediate (WTI) crude climbed more than US$1 on Friday (Apr 11) after US Energy Secretary Chris Wright said the US…
Business
Oil settles up 1% on US crude and fuel stock draw, Venezuela supply worries
Oil prices rose on Wednesday, buoyed by government data showing US crude oil and fuel inventories fell last week and by mounting concerns…
News
Saudi Aramco boosts prices to Asia as Middle Eastern crude soars
SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to surging premiums…