Business
Middle East tensions hit Asian and Asean markets; oil and gold prices spike
A wave of geopolitical panic swept across Asian markets on Friday (Jun 13), after Israel launched strikes on Iran’s nuclear and military…
Tag
Oil
Business
Asian Markets Sell Off as Middle East Tensions Spike and Oil Prices Surge
Asian traders woke to a nervous open on Friday after oil surged and Wall Street futures sank following reports that Israel had carried out…
Business
Oil soars more than 9% after Israel strikes Iran, rattling investors
OIL prices surged more than 9 per cent on Friday, hitting their highest in almost five months after Israel struck Iran, dramatically…
Business
Oil Prices Hit 7-Week High on US-China Trade Optimism and Tightening of Supplies
Oil prices rose to nearly their highest level in two months on Wednesday. The rally followed news that U.S. President Donald Trump had…
Business
Oil Prices Rise on US-China Talks and Saudi Supply Cuts, but Iran Threatens Future Stability
Oil prices climbed more on Tuesday, amid continuing trade negotiations between the U.S. and China and a decrease in crude shipments from…
Business
Oil prices hold gains ahead of US-China trade talks
Inflation data from China on Monday morning will give a reading of domestic demand in the world’s largest crude importer Oil prices held…
Fashion
Oil Prices End Week Higher as US–China Talks Lift Outlook
Oil prices edged lower on Friday but ended the week with their first gain in three weeks. Brent crude dipped 28 cents, or 0.4%, to $65.06…
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…
Business
Big Oil Gets Slapped With Its First Wrongful Death Lawsuit
Third, there are piles of internal strategy memos and external materials outlining the massive disinformation campaign these companies…
Business
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
News
Jamie Foxx Calls Diddy a ‘Nasty Motherf—er’ Amid Sex Trafficking Trial: ‘All That Goddamn Baby Oil. Why You So Nasty?… For Black People, That Was Our Hero’
Jamie Foxx shaded Diddy during a recent stop on the Emmys campaign trail for his Netflix comedy special “What Had Happened Was.” The Oscar…
Business
OPEC+ Maintains Oil Production Increase as Prices Soften and Market Awaits Demand Recovery
With international oil markets facing price pressure and economic instability, OPEC+ has remained committed to gradually restoring supply.…
Business
Oil finishes down on possible OPEC+ output hike
US crude futures fell on Friday (May 30) as traders expected Opec+ would decide on Saturday to boost oil output for July beyond previous…
News
Supreme Court clears way for Utah oil project, scaling back a key environmental law
The Supreme Court backed a multibillion-dollar oil railroad expansion in Utah Thursday in a ruling that scales back a key environmental…
Business
Aramco CEO will keep borrowing even as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…
Business
Aramco will keep borrowing, CEO says, as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…
Fashion
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…
News
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…
News
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…
Fashion
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…
News
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…
News
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…
News
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…