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Business & Economy Published 11 Apr, 2022 08:41pm

Oil market sinks on China demand fears

US benchmark oil West Texas Intermediate dives as low as $92.93 per barrel and European Brent hits $97.57

Business & Economy Published 30 Mar, 2022 11:15pm

Oil jumps 4% on tight supply, prospects of new Russia sanctions

U.S. crude stockpiles fall for a second straight week, falling by a bigger-than-expected 3.4 million barrels last week

Business Published 28 Mar, 2022 11:47pm

Oil slides on concerns of weaker Chinese demand

Brent crude futures slide as low as $111.17

Business Published 16 Mar, 2022 01:09am

Brent oil ends below $100 a barrel for 1st time in almost 3 weeks

The drop comes as China places tens of millions of people under lockdown following the latest surge in Covid-19 cases

Business Published 04 Mar, 2022 04:28pm

Oil rebounds on escalating Ukraine conflict

SINGAPORE: Oil prices rebounded on Friday as fears of Western sanctions that could disrupt Russian oil exports...

Business Published 23 Feb, 2022 05:08pm

Oil steadies on waning supply worries over Ukraine crisis

The potential return of more Iranian crude to the market also keeps a lid on price

Business Published 17 Feb, 2022 05:35pm

Oil falls, caught between Iran talks and Ukraine crisis

Losses are capped by heightened tensions between top energy exporter Russia and the West over Ukraine

Business Published 16 Feb, 2022 04:36pm

Oil prices recoup losses as Russia-Ukraine tensions stay high

Brent trades at $93.86 a barrel, up 0.6%, having slid 3.3% overnight after Russia announces a partial pullback of its troops

Business Published 11 Feb, 2022 10:57pm

Oil prices gain after IEA says market tight

Brent crude futures rises 39 cents a barrel while US West Texas Intermediate crude gains 45 cents

Business Published 02 Feb, 2022 07:15pm

Oil climbs toward 7-year highs on US stock draw, eyes on OPEC+ move

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East boost oil prices by about 15%

World Published 26 Jan, 2022 06:50pm

Oil rises to near $89 on Russia-Ukraine tension

LONDON: Oil rose to around $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight supply...

Business Published 28 Dec, 2021 09:49pm

Brent near $80 as market shrugs off Omicron

The three oil producers declare force majeures this month on part of their oil production

Business Published 22 Nov, 2021 03:57pm

Oil prices under pressure from both supply and demand factors

By Bozorgmehr Sharafedin LONDON:Oil prices rose on Monday but remained under pressure from rising COVID-19 cases in...

Business Published 25 Oct, 2021 08:53pm

Oil prices reach multi-year highs on tight supply

The global energy supply crunch continues to show its teeth, as oil prices extend their upward march this week.

Business Published 28 Sep, 2021 10:49pm

Stocks dip as oil tops $80 mark

Brent crude oil briefly jumped above $80 per barrel for the first time in almost three years on expectations for...

Business Published 15 Sep, 2021 11:38am

Oil prices climb after drawdown in stocks, positive demand outlook

By Jessica Jaganathan SINGAPORE: Oil prices climbed on Wednesday after industry data showed a larger than expected...

Business Published 21 May, 2021 12:17pm

Oil edges up but set for weekly fall on Iran crude talks

SINGAPORE: Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return ...

Business Published 12 Apr, 2021 12:15pm

US oil remains neutral in $58.80-$60.04 range

SINGAPORE: US oil remains neutral in a range of $58.80 to $60.04 per barrel, and an escape could suggest a ...

Business Published 25 Jan, 2021 11:58am

Brent oil may rise to $56.21

The failures indicate the formation of a small double-bottom. SINGAPORE: Brent oil may rise to $56.21 per barrel, as...