Politics
Oil settles nearly US$1 lower as Trump-Putin talks loom
Oil prices closed down nearly US$1 on Friday (Aug 15) as traders awaited talks between US President Donald Trump and Russian leader…
Tag
Oil
Politics
Oil steadies on reports of US-Russia deal, ends week about 5% lower
Oil held steady on Friday (Aug 8) as markets awaited a meeting in coming days between Russian President Vladimir Putin and his US…
Politics
Ukraine and Russia strikes hit homes and oil depot near Black Sea
A Russian missile strike has destroyed homes and civilian infrastructure in Ukraine's southern city of Mykolaiv, local officials say. At…
Business
Shell’s profit drops by almost a third on lower oil prices, but beats expectations
Shell’s second-quarter net profit tumbled by almost a third on Thursday (Jul 31), dragged down by a drop in oil prices, lower gas trading…
Business
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries Indonesian petrochemical producer Chandra…
News
Oil jumps US$1 after further drone attacks on Iraq oil fields
Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in…
Business
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market was tighter than it appears,…
Business
Oil falls slightly ahead of expected Opec+ output increase
Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the…
News
Oil steadies after report of planned Opec+ August output hike
Oil prices edged up slightly on Friday (Jun 27), recovering from a midday drop into negative territory following a report that Opec+ was…
Politics
Trump baffles with sudden U-turn on China buying Iranian oil
US President Donald Trump on Tuesday (Jun 24) appeared to undermine years of US sanctions on Iran, giving its biggest customer, China the…
Politics
Oil prices settle lower as US sanctions ease fears of escalation in Iran
Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a…
Business
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…
Business
Oil market, long numb to war risk, confronts weekend of worry
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil…
Business
Oil settles up 7% as Israel, Iran trade air strikes
Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that…
Politics
Kremlin shrugs off EU plans to lower oil price ceiling
Russia is shrugging off European Union plans for an even lower price ceiling on its oil exports, the TASS news agency reported, citing…
Politics
EU's von der Leyen wants lower cap on Russian oil price at G7 summit
European Commission President Ursula von der Leyen on Tuesday called for the international price cap on Russian oil exports to be lowered…
Business
Petrobras targets Africa for oil exploration region outside Brazil
Petrobras, the Brazilian state-run oil company, is setting its sights on Africa as its primary region for oil exploration activities…
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…
Politics
Alaska Governor: Why the Alaska LNG Pipeline Matters for South Korea
In his March joint address to Congress, President Donald J. Trump highlighted the strategic importance of the Alaska LNG Pipeline. "My…
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…
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…
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…