Oil

Oil steady after five-day rally on US data, geopolitical tension

Oil prices steadied on Wednesday, after gaining in the previous five sessions, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia. Brent crude…

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Oil up on news the US intercepted an oil tanker off Venezuela

Oil prices rose on Monday after officials said the U.S. had intercepted an oil tanker in international waters off the coast of Venezuela, raising fresh supply uncertainty. Brent crude futures…

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Ukrainian war spreads to the Mediterranean

Ukraine says it has attacked a Russian “shadow fleet” tanker with aerial drones 1,250 miles (2,000km) from its borders, in the first such strike in the Mediterranean Sea since Moscow’s…

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Oil gains on Venezuelan supply concerns, but poised for weekly loss

Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects…

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Oil little changed as investor focus returns to Ukraine peace talks

Oil prices were broadly stable on Thursday as investors shifted their focus back to Russia-Ukraine peace talks while watching for any fallout from a U.S. seizure of a sanctioned tanker…

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Oil steady as supply concerns cap gains, market eyes Ukraine peace talks

Oil prices held steady on Wednesday after falling about 1% in the previous session, as concerns over supply outpacing demand capped gains and investors watched for progress in Russia-Ukraine peace…

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Oil edges down with Ukraine peace talks, US rate decision in spotlight

Oil prices edged down on Tuesday, extending losses from the 2% drop in the previous session, with markets keeping a close eye on peace talks to end Russia's war in…

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WTI heads for weekly gains as Fed hopes boost market and Venezuela tensions loom

WTI oil prices were poised for a weekly gain on Friday, supported by an expected Federal Reserve interest rate cut, escalating U.S.-Venezuela tensions and stalled peace talks in Moscow, though…

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Oil prices firm after Ukrainian strikes on Russian oil infrastructure, stalled peace talks

Oil prices gained on Thursday after Ukrainian attacks on Russia's oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to…

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Oil rises on OPEC+ output plan, supply worries

Oil prices rose on Monday after OPEC+ members reaffirmed a plan to hold output steady, as the Caspian Pipeline Consortium halted exports after a major drone attack and U.S.-Venezuela tensions…

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Brent little changed as investors zoom in on Russia-Ukraine talks, OPEC+

Brent crude oil futures were little changed on Friday as investors eyed the progress of the Russia-Ukraine peace talks and the outcome of the OPEC+ meeting on Sunday for clues…

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Oil falls on expectations of ceasefire in Ukraine unlocking Russian supply

Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to…

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Oil climbs after hitting one-month low; supply glut weighs

Oil prices climbed on Wednesday after sliding to a one-month low in the previous session, though an expected supply glut and a potential Russia-Ukraine peace deal capped gains. Brent crude…

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Oil falls as Ukraine peace talks edge toward a solution

Oil prices slipped Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the U.S. dollar strengthened. Brent crude futures fell 14 cents, or…

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Oil extends decline by 1.5% on hopes for Russia-Ukraine peace deal

Oil prices fell 1.5% on Friday, extending declines for a third straight session as the United States pushed for a Russia-Ukraine peace deal that could swell global market supply, while…

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Oil edges up as US peace push may add to oversupply

Oil prices edged up on Thursday after falling in the previous session as concerns a U.S. push to end the Russia-Ukraine war may add supply into an amply supplied market…

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Oil dips on oversupply sentiment but sanctions limit decline

Oil prices fell on Wednesday as an industry report showing higher crude inventories in the U.S., the world's biggest crude consumer, reinforced concerns of oversupply, though price declines were limited…

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Oil slips as loadings resume at Russian hub; markets weigh sanctions impact

Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders…

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Oil falls after loadings resume at key Russian export hub

Oil prices fell on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that…

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Systemic Abuse in Libya’s Fuel Sector Redirects Subsidised Stocks to Multiple Markets, Including Malta

A surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming sum that demands decisive international sanctions against…

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Oil rises 2% after Ukrainian attack damages Russian oil depot

Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export…

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Oil prices edge down on US inventory build, OPEC forecast shift

Oil prices edged lower on Thursday, extending losses from the previous session, after a report showing rising crude inventories in the U.S. reinforced concerns that the global supply is more…

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Oil prices little changed as markets eye US government reopening

Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's…

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Oil edges up as glut fears ease despite weak demand

Oil prices rose on Thursday as oversupply concerns eased, after closing at two-week lows in the prior session on weaker demand. Brent crude futures were up 17 cents, or 0.27%,…

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Oil dips amid broader market selloff, strong dollar pressure

Oil prices dipped on Wednesday amid a wider slump in financial markets and a strong U.S. dollar, while investors assessed the supply outlook. Brent crude futures edged lower by 6…

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Oil slips on oversupply concerns after OPEC+ output plans

Oil prices slipped on Tuesday as investors read OPEC+'s decision to pause output hikes in the first quarter as a signal of oversupply in the market. Brent crude futures fell…

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Oil extends gains after OPEC+ suspends output hikes in Q1

Oil prices climbed on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, which eased rising fears of a supply glut, but weak…

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Oil heads for third monthly decline as strong dollar, ample supply weigh

Oil prices eased on Friday, heading for a third straight monthly decline, as a stronger dollar and weak China data capped gains while rising supply from major producers globally offset…

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Oil prices cling to most gains, all eyes on US-China trade-talk outcome

Oil prices held on to most gains from the previous session in Asian trading on Thursday as investors awaited the outcome of U.S.-China trade talks, hoping for signs that tensions…

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Oil dips on worries about Russian sanctions, OPEC+ output increase

Oil prices edged lower on Wednesday, extending a three-day slide, as doubts about the effectiveness of Russia sanctions and a potential OPEC+ output increase put pressure on the market. Brent…

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Oil prices rise after US and China reach trade-deal framework

Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world's top…

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Oil prices dip after surge, remain on track for weekly gain amid supply fears

Oil prices dipped in early trade on Friday, trimming part of the previous day's surge but remaining on track for a weekly gain, as fresh U.S. sanctions on Russia's two…

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Europe adopts 19th sanctions package against Russia, including LNG import ban

EU countries on Thursday formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports. The 27…

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Oil rises 2.5% after US sanctions Russia’s Rosneft, Lukoil

Oil prices jumped around 2.5% on Thursday, extending gains from the previous session, as supply concerns resurfaced after the United States imposed sanctions on major Russian oil suppliers Rosneft and…

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Oil rises more than 1% on supply risk, US-China trade talks

Oil prices pushed higher for a second day on Wednesday, by more than 1%, buoyed by sanctions-related supply risk and hope of a U.S.-China trade deal while investors also digested…

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Oil declines on oversupply fears

Oil prices fell on Tuesday on concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world's top two oil consumers, even as…

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Oil prices slip on concerns over US-China trade tensions

Oil prices dipped on Monday, pressured by worries over a global glut as escalating U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude…

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Oil down as market eyes excess supply, US-China trade tensions

Oil prices fell on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade tensions that…

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Oil edges up as US, China tamp down trade tension

Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand. U.S. President Donald Trump remains committed…

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Oil recoups some losses from US-China tensions

Oil prices rose on Monday after hitting five-month lows in the previous session, as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions…

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Oil prices fall slightly as risk premium fades after Gaza deal

Oil prices declined slightly on Friday after settling 1.6% lower in the previous session as the market's risk premium faded after Israel and Hamas agreed to the first phase of…

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Oil eases as Gaza ceasefire cools risk premium

Oil prices fell on Thursday after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, easing geopolitical tension in the Middle East,…

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Oil rises as oversupply fear eases after OPEC+ restrains output increase

Oil prices rose on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. Brent crude futures rose 48 cents,…

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Oil steady as market chews over OPEC+ output hike, supply glut fear

Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut. Brent crude futures gained…

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Oil prices jump 1.5% after lower-than-expected OPEC+ output hike

Oil prices rose around 1.5% on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions, though analysts expect near-term gains…

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Oil on track for steepest weekly drop in 3-1/2 months

Oil prices rose on Friday after four straight sessions of declines but were on track for their steepest weekly fall since late June due to market expectations that the OPEC+…

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Oil rises on Russia sanctions fears after 3-day losing streak

Oil prices rose on Thursday after losses in previous three sessions due to market oversupply concerns, as the potential for tighter sanctions on Russian crude lent some support. Brent crude…

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Oil steadies as investors weigh OPEC+ output hike against US crude inventories

Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect…

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Oil dips as OPEC+ plan stokes supply-surplus concerns

Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming…

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Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike

Oil prices fell on Monday after Iraq's Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to…

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Oil set for biggest weekly gain in three months as Russia cuts fuel exports

Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports…

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Oil pulls back from 7-week high

Oil prices eased in Asian trade on Thursday, retreating from a seven-week high reached in the prior session as some investors took money off the table due to uncertainty around…

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Oil extends declines after Iraq, Kurdish governments agree to restart oil pipeline

Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil pipeline added to oversupply concerns.…

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Oil gains as tension flares in Europe, Middle East

Oil prices gained in Asian trade on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact…

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Oil little changed as demand concerns overshadow US rate cut buoyancy

Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year,…

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Oil prices little changed

Oil prices were little changed on Thursday after the U.S. central bank lowered its key interest rate as widely expected, while an indication of more rate cuts before year-end raised…

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Oil retreats but geopolitical jitters cap declines

Oil prices eased slightly on Wednesday, after rising more than 1% in the previous session, though ongoing geopolitical jitters provided a floor under prices while traders also awaited an expected…

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