Oil

Oil holds gains as investors eye impact from attacks on Russian energy facilities

Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing…

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Oil prices extend losses

Oil prices fell on Friday, adding to big declines in the previous session, as concerns about the possible softening of U.S. demand and broad oversupply offset worries about supply disruption…

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Oil prices settle up over $1 after global tensions mount; oversupply caps gains

Oil prices settled higher on Wednesday by more than $1 a barrel as investors worried about possible supply disruptions after Poland downed drones in its airspace and the U.S.pushed for…

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Oil Prices Surge Amid Middle East Tensions

Oil prices rose on Wednesday after Israel attacked Hamas leadership in Qatar and U.S. President Donald Trump asked Europe to impose tariffs on buyers of Russian oil, but a weak…

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Oil rises on modest OPEC+ output hike decision, Russia supply woe

Oil prices gained on Tuesday after OPEC+ decided to increase production by less than what market participants had anticipated, while concerns over tighter supply due to potential new sanctions on…

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Oil prices ease as investors await OPEC+ output decision

Oil prices drifted down in early trading on Friday for the third straight day as investors awaited an OPEC+ meeting this weekend that will consider further output hikes. Brent crude…

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Oil prices extend losses as OPEC+ considers another output hike

Oil prices slid on Thursday, extending a decline of more than 2% in the previous session, as investors and traders look ahead to a weekend meeting of OPEC+ where producers…

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Oil slips as market weighs end of US summer driving and India supply dilemma

Oil prices fell on Thursday as investors weighed the outlook for U.S. fuel demand with the end of the summer driving season near, while assessing potential crude supply shifts as…

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Oil steady as investors eye Ukraine war, US tariffs on India

Oil prices steadied on Wednesday, after falling in the previous session, as the market watched for fresh developments in the Ukraine war and investors weighed hefty new U.S. tariffs on…

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Oil eases after rising to two-week high on Russia-Ukraine supply concerns

Oil prices edged down on Tuesday after surging nearly 2% in the previous session, as traders kept a close watch on developments in the Russia-Ukraine conflict for the potential impact…

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Oil prices climb after Ukraine attacks hit Russian energy sites

Oil prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates…

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Oil extends gains amid signs of strong demand

Oil prices extended gains on Thursday, bolstered by signs of strong demand in the U.S., with uncertainty over efforts to end the war in Ukraine also lending support. Brent crude…

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Oil little changed as investors await next steps in Ukraine peace talks

Oil prices were little changed on Wednesday as investors await the next steps in talks to end Russia's invasion of Ukraine, leaving in place sanctions on Russian crude and the…

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Oil edges lower as market ponders potential Russia-Ukraine peace talks

Oil prices slipped in early Asian trade on Tuesday as market participants contemplated planned three-way talks among Russia, Ukraine and the U.S. to end the war in Ukraine, which could…

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Oil falls on easing Russia supply concerns after Trump-Putin meet

Oil prices slipped on Monday as the U.S. did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Russian oil exports after…

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Oil Prices Steady as Investors Await Trump-Putin Meeting

Oil prices were steady on Wednesday as investors awaited clearer indications of U.S. inventory data, while eyeing an upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin.…

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Oil gains as US-China tariff pause extension boosts trade hopes

Oil prices rose on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would disrupt their economies and…

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Oil prices fall as market eyes US-Russia talks on Ukraine

Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and…

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Oil set for steepest weekly losses since June as tariffs cloud demand outlook

Oil prices were little changed in early Asian hours on Friday, but were headed for their steepest weekly losses since late-June, as investors expressed concern over the impact to the…

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Oil rises 1% on US demand strength

Oil prices rose 1% on Thursday, pausing a five-day losing streak, on signs of steady demand in the U.S., the world's biggest oil user, though uncertainty about the macroeconomic impacts…

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Oil rebounds on Trump threats on Russian crude buyers

Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over…

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BP says it makes biggest oil and gas find in 25 years

Energy giant BP says it has made its largest oil and gas discovery this century as it shifts its focus away from renewable energy and back to fossil fuels. The…

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Oil drifts lower on rising supply, concerns about demand

Oil prices drifted lower on Tuesday on oversupply concerns as OPEC+ moved ahead with another large output hike despite a weak demand outlook, more than offsetting the potential for tighter…

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Oil slips as OPEC+ proceeds with September output hike

Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world's biggest oil user,…

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Oil steadies as concerns about tariff impacts vie with Russian supply threats

Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic…

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Oil steady as market weighs Trump tariff threats, surprise US stockbuild

Oil prices steadied on Thursday as investors weighed the risk of supply shortages amid U.S. President Donald Trump's push for a swift resolution to the war in Ukraine through more…

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Oil pauses rally as markets weigh Trump’s ultimatum to Russia

Oil prices took a breather in Asian trade on Wednesday after the previous session's spike of more than 3%, as investors awaited developments from U.S. President Donald Trump's tighter deadline…

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Oil rises as US-EU deal boosts trade optimism

Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China, relieving concerns that higher levies…

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Oil gains as trade talk optimism offsets potential higher Venezuelan supply

Oil prices rose on Friday as trade talk optimism supported the outlook for both the global economy and oil demand, outweighing news of the potential for more oil supply from…

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Oil prices rise on US trade optimism, drop in crude inventories

Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories. Brent crude…

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Oil prices pause slide on US-Japan trade deal

Oil prices edged up in Asian trade on Wednesday after falling for three consecutive sessions as a U.S. trade deal, with Japan signalled progress on tariffs, though gains were capped…

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Oil falls as trade war concerns increase worries about fuel demand

Oil prices declined on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity…

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Oil prices little changed as investors eye impact of new sanctions on Russia

Oil prices were little changed on Monday as traders assess the impact of new European sanctions on Russian oil supplies while they also worry about tariffs possibly weakening fuel demand…

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Oil prices little changed as Iraq outages clash with tariff worries

Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential…

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Oil rises as demand hopes and economic data lift sentiment

Oil prices rose in early trade on Thursday, reversing the previous session's losses, buoyed by stronger-than-expected economic data from the world’s top oil consumers and signs of easing trade tensions.…

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Oil prices gain on summer demand hopes despite wider economy woes

Oil prices rose on Wednesday, boosted by expectations of firm summer demand in the world's two largest consumers, the United States and China, though gains were capped by analysts' caution…

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Oil falls as Trump’s 50-day deadline for Russia eases supply fears

Oil prices fell on Tuesday after U.S. President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns. Brent crude futures…

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Oil edges up, investors eye Trump statement on Russia

Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a…

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Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh

Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while…

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Oil slips as Trump’s tariffs cloud demand outlook

Oil prices eased on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants as a threat to global economic growth, however signs of…

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Oil prices ease from two-week highs

Oil prices edged down on Wednesday after rising to two-week highs in the previous session, as investors awaited new developments on U.S. tariffs amid expectations of rising crude inventories in…

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BP, Shell to study hydrocarbon potential at three Libyan oilfields

Oil Majors BP and Shell agreed with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said in a statement. Libya,…

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Oil eases as traders assess US tariffs, OPEC+ output hike

Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August. Brent…

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Oil prices steady on solid job market, tariff uncertainty

Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity…

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Oil falls on signs of weak US demand

Oil prices eased on Thursday, reversing gains from the previous session, on concerns over weak U.S. demand after government data showed a surprise build in inventories in the world's biggest…

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Oil prices little changed as expectations for OPEC+ increase weigh

Oil futures were little changed on Wednesday as markets weighed expectations from more supply from major producers next month, a softer U.S. dollar and a mixed bag of economic and…

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No injuries or pollution after explosion at oil tanker off Libya

A Greek-managed oil tanker carrying about 1 million barrels of crude oil suffered an explosion off Libya on June 27 but no injuries or pollution were reported, a spokesperson for…

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Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent…

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Oil set for weekly loss on fading Mideast supply risks

Oil was set to fall this week with the Iran-Israel ceasefire holding and easing concerns over Middle East supply risks, although prices rose on Friday as the summer driving season…

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Oil rises as draw in US crude stocks signals firm demand

Oil prices inched higher, extending gains from the previous day as a larger-than-expected draw in U.S. crude stocks signalled firm demand, while investors remained cautious about the Iran-Israel ceasefire and…

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Oil prices rise as investors assess Iran-Israel ceasefire

Oil prices climbed on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, but held near multi-week lows on the prospect that crude oil flows would…

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Oil tumbles to over one-week lows as Trump announces Israel-Iran ceasefire

Oil prices fell sharply to their lowest in more than a week on Tuesday as U.S. President Donald Trump said a ceasefire has been agreed between Iran and Israel, alleviating…

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Oil hits five-month high after US attacks key Iranian nuclear sites

Oil prices jumped on Monday to their highest since January as the United States' weekend move to join Israel in attacking Iran's nuclear facilities stoked supply worries. Brent crude futures…

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Brent futures down nearly $2 after U.S. delays decision on direct Iran involvement

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but…

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Ships advised to keep their distance from Iran around Hormuz Strait

Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran's waters around the Strait of Hormuz, with the risk of the conflict between…

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Oil falls as investors weigh chance of US intervention in Iran-Israel conflict

Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country's potential involvement in the ongoing Israel-Iran conflict.…

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World oil demand to keep growing this decade despite 2027 China peak, IEA says

Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in…

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