Oil

Oil falls as OPEC+ plans to raise output, U.S. tariffs

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns U.S. tariffs on Canada, Mexico and China will…

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Oil slides on OPEC+ output increase, US tariff uncertainty

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April while markets braced for U.S. tariffs on Canada, Mexico and China…

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Oil recovers as upbeat Chinese manufacturing data increases some optimism

Oil rose on Monday as upbeat manufacturing data from China, the world's biggest crude importer, led to renewed optimism for fuel demand, although uncertainty about a Ukraine peace deal and…

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Oil gains after Trump cancels Chevron’s Venezuela license

Oil prices climbed for the first time in three days on Thursday, with supply worries resurfacing after U.S. President Donald Trump announced a reversal of a license given to Chevron…

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Oil edges up as US stockpile report counters rising supply concerns

Oil prices rose marginally on Wednesday, bouncing off two-month lows hit in the prior session after an industry group reported U.S. crude stockpiles fell last week. Brent crude rose 20…

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Oil gains on supply concerns from Iran sanctions

Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as global refining margins remained…

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Oil prices slip as Kurdistan export resumption looms

Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to…

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Oil steady, heads for weekly gain amid improving demand, supply jitters

Oil prices were steady on Friday and poised for a weekly increase amid an improving outlook for demand in the U.S. and China. Concerns over supply disruptions in Russia also…

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Oil gains on US, Russia supply worries; market seeks Ukraine talks clarity

Oil prices edged up on Wednesday amid worries of oil supply disruptions in the U.S. and Russia, and as markets awaited clarity on the Ukraine peace talks. Brent crude futures…

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Oil to snap three-week losing streak amid US tariff delays

Oil prices rose in Asian trade on Friday, poised to end three weeks of decline, buoyed by rising fuel demand and expectations that U.S. plans for global reciprocal tariffs would…

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Oil prices fall on potential Ukraine peace talks

Oil prices fell slightly on Thursday as a potential peace deal between Russia and Ukraine continued to exert downward pressure, along with rising crude inventories in the United States. Brent…

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Oil prices retreat after report of U.S. crude stockpile rise

Oil prices edged down on Wednesday as an industry report showed an increase in U.S. crude stockpiles and tariff worries weighed on sentiment, though stronger refining margins limited the market's…

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Oil prices rose amid reduced Russian production and supply fears

Oil prices extended gains on Tuesday after a report showed Russian oil production fell short of quota and on fears of more supply disruptions, but gains were limited by worries…

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Oil set for third straight weekly decline amid tariff concerns

Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed trade war on…

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Oil little changed as Trump policies continue to weigh on prices

Oil prices edged up in Asian trading on Thursday after Saudi Arabia's state oil company sharply raised March oil prices, but the increase was barely a blip on the biggest…

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Oil falls as Trump agrees to pause tariffs on Mexico, Canada

Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, as the market digested U.S. President Donald Trump's…

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Oil prices jump on supply disruption fears from US tariffs

OIL prices jumped on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from two of the biggest suppliers to…

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Oil prices rise amid US tariff threat

Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest crude exporters to the U.S., that…

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Oil Prices Steady Amid Trump’s Tariff Threats on Canada & Mexico

Oil prices were little changed on Thursday as markets braced for threatened tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude oil to…

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Oil prices hover near two-week low; weak China data adds to demand concerns

Oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data from China and warming weather forecasts elsewhere soured the demand outlook. Brent crude oil…

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Oil falls as Trump repeats call for OPEC to cut prices

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his…

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Oil prices poised for weekly fall on Trump’s energy policies

Oil prices were little changed on Friday but headed for a weekly decline after U.S. President Donald Trump issued a sweeping plan to boost U.S. production and demanded OPEC lower…

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Oil prices extend losses on uncertainty over Trump tariff impact

Oil prices dipped in Asian trade on Thursday, extending losses amid uncertainty over how U.S. President Donald Trump's proposed tariffs and energy policies would impact global economic growth and energy…

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Citi raises average 2025 oil price forecasts, citing geopolitical risks

Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but noted prices were likely to ease through the second half…

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Oil steady as investors watch Trump 2.0 policies

Oil prices were little changed on Wednesday as markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and its impact on…

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Libya needs $3-4 billion to boost oil production, bidding round expected soon

Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told…

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Oil little changed as traders digest Trump tariff reprieve, plan to boost US oil output

Oil prices were little changed in Asian trading on Tuesday as investors took stock of President Donald Trump's plans to apply new tariffs later than expected while boosting oil and…

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Oil slips as investors eye Trump move on Russian export curbs

Oil prices fell on Monday as expectations of U.S. President-elect Donald Trump relaxing curbs on Russia's energy sector in exchange for a deal to end the Ukraine war offset concern…

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Oil up, heads for 4th weekly gain as U.S. sanctions hit supply

Oil prices rose on Friday and headed towards a fourth consecutive weekly gain as the latest U.S. sanctions on Russian energy trade hit supply and pushed up spot trade prices…

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Oil rises as US inventory decline heightens supply concerns

Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia, a larger-than-forecast fall in U.S. crude oil stocks, and an improving…

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Oil little changed as falling US stockpiles outweigh soft demand outlook

Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent…

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Oil jumps on expectations new US sanctions to cut Russian supply

Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more than four months, as wider U.S. sanctions are…

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Oil set for third straight weekly gain on winter fuel demand

Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in parts of the United States and Europe driving…

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Oil prices edge down on rising U.S. fuel inventories

Oil prices declined for a second day on Thursday after large builds in fuel inventories in the U.S., the world's biggest oil user, though expectations for increasing winter fuel demand…

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Oil rises on tighter OPEC supply, US jobs data

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic activity and consequent…

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Oil prices extend losses, firmer dollar and supply outlook weigh

Oil prices extended losses into a second straight session on Tuesday on technical correction after last week's rally, while forecasts for ample supply and a firm dollar also weighed. Brent…

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Oil eases from near 3-month highs amid strong dollar ahead of economic data

Oil prices slid on Monday amid a strong U.S. dollar, concerns over sanctions and ahead of key economic data by the U.S. Federal Reserve and U.S. payrolls later in the…

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Oil extends gains on optimism over policy support for growth

Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy…

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Russian gas era in Europe ends as Ukraine stops transit

Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets. The…

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Oil rises as investors return from holidays, eye China recovery

Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a…

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Oil rises on expanding Chinese factory activity, but set to end year lower

Oil prices rose in early trade on Tuesday after data showed China's manufacturing activity expanded in December, but for a second consecutive year oil was on track to end lower…

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Oil inches higher in thin trade, investors focus on China, US data

Oil prices edged up on Monday in thin holiday trade ahead of the year-end as traders awaited more Chinese and U.S. economic data later this week to assess growth in…

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Oil prices rise in thin pre-Christmas trade

Oil prices rose on Tuesday, reversing the prior session's losses, buoyed by slightly positive market outlooks for the short term and stronger U.S. economic data, despite thin trade ahead of…

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Oil gains as cooling US inflation points to possible easing

Oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market. Brent…

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Oil steady while market eyes Fed rate decision

Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the…

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Oil eases from highest in weeks

Oil futures eased from their highest levels in weeks as traders took profit while waiting for a meeting of the Federal Reserve later this week for indication of further rate…

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Oil little changed as demand weakness offsets sanctions-driven supply risks

Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an…

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Oil up on demand hopes from China’s ‘looser’ monetary policy

Oil prices rose on Wednesday, with market participants expecting demand to rise in the world's largest crude importer, after Beijing announced a looser monetary policy to stimulate economic growth in…

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Oil prices ease, but China policy stance checks losses

Oil prices slipped on Tuesday as concerns eased about the fallout from Syrian President Bashar al-Assad's overthrow, but the market found support in China's vow to ramp up policy stimulus,…

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Oil edges up as rising Mideast tensions offset demand fears

Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that…

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Oil prices edge down as extended OPEC+ supply cuts highlight weak demand

Oil prices edged lower on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent…

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Oil prices trade in tight range ahead of OPEC+ meeting

Oil prices were little changed on Tuesday, trading within a narrow range, as traders awaited the outcome of an OPEC+ meeting later this week. Brent crude futures were up 14…

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Oil prices mixed amid accusations of breaches to Israel-Hezbollah ceasefire

Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting…

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Oil slips on buildup in US gasoline stocks; eyes on weekend OPEC+ meeting

Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investors focusing on the OPEC+ meeting this weekend to discuss oil output policy. Brent crude…

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Oil steadies amid possible Middle East ceasefire

Oil prices ticked up in early trade on Tuesday after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil's…

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Oil prices ease but remain near 2-week highs on Russia, Iran tensions

Oil prices retreated on Monday following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major oil producers Russia and Iran, raising…

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Oil rises as intensifying Ukraine war increases supply risk

Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Brent…

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