Politics
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that…
Tag
Oil
Politics
Bessent Says Oil Prices Will Drop “if Something Happens” in Venezuela
“Now the pressure on Ukraine is one of the most difficult,” Zelenskiy said in his native language, standing outside his presidential…
News
Malaysia palm oil output to meet forecast despite monsoon season, says SD Guthrie
The arrival of the monsoon season has raised concerns about potential disruptions to Malaysian palm oil production over the next two…
Business
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the…
News
Oil ends slightly up, trade choppy on report, denial of US attack plan on Venezuela
Oil prices settled slightly higher after a wild trading session on Friday (Oct 31), popping up as media reports said US air strikes on…
Politics
Ukrainian security chief says 160 Russian oil facilities attacked
Ukraine has attacked approximately 160 refineries, pumping stations and other facilities of the Russian oil industry since the beginning…
Politics
Oil slips on scepticism about US commitment to Russian oil sanctions
Oil prices fell on Friday (Oct 24) as scepticism crept into the market about the Trump administration’s commitment to sanctions on…
News
Brazilian authorities say they addressed housing shortage for climate talks, defend oil drilling
SAO PAULO (AP) — Brazilian authorities said Friday they have made progress in solving the housing shortage for attendees of the upcoming…
Business
Brazil green-lights oil drilling near mouth of Amazon River ahead of U.N. climate summit
Brazil's government approved on Monday exploratory drilling by state-run oil-giant Petrobras near the mouth of the Amazon River. The…
Politics
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
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first…
Politics
Ukrainian drones strike one of Russia's top oil refineries, sparking fire
Ukrainian drones overnight struck one of Russia’s largest oil refineries, sparking a fire, according to Russian officials and Ukraine’s…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
Politics
Oil gains weighed down by US demand worries
Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains…
Business
Iron Age olive oil center in Beit Aryeh shows Israelite kingdom’s economic power in Samaria
A study published in the Israel Antiquities Authority's latest volume found that olive oil production was a key economic engine for the…
Politics
OPEC+ oil producers to increase production from October
Pump jacks operate at Wintershall Dea premises. A core group of OPEC+ oil cartel members on Sunday agreed to continue their expansion of…
Business
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from…
Business
Opec+ agrees further oil output boost from October to regain market share
[LONDON/MOSCOW] Opec+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share,…
Politics
China joins big oil in opposition to Trump’s biofuel proposal
US oil refiners have found an unlikely ally in their opposition to US President Donald Trump’s proposed changes to biofuel policy: China.…
News
Oil prices settle down more than 2% after weak US jobs report
Oil prices fell on Friday (Sep 5) as a weak US jobs report dimmed the outlook for energy demand, while swelling supplies may grow further…
Politics
Russia launches 'massive' attack on Ukraine, as Kyiv hits oil refineries
Russia launched a "massive" overnight attack on Ukraine's southern and central regions, authorities said, as Kyiv struck Russian oil…
Business
Oil prices fall with expected low demand, upcoming supply boost
Oil prices fell on Friday (Aug 29) as traders looked toward weaker demand in the US, the world’s largest oil market, and a boost in supply…
Business
Beng Kuang expands into chemical cleaning in oil and gas industry
Beng Kuang Marine has formed a new business for specialised industrial chemical cleaning, the company said in a bourse filing on Wednesday…
Politics
Oil slips as Russia supply concerns ease after Trump-Putin meet
Oil prices slipped in early Asian trade on Monday as the United States did not exert more pressure on Russia to end the Ukraine war by…