UAE in pledge to increase oil output despite fall in prices
The pledge from the United Arab Emirates (UAE) comes a year after it hosted the COP28 climate talks which ended with a call by nearly…
Oil prices plunge as Israel spares Iran’s oil facilities in retaliatory attack
Crude prices plunged as Israel launched a limited retaliation attack on Iran, sparing its oil and nuclear facilities. China reported disappointing economic data, further weakening…
Oil slumps as fears recede that Israel may target Iran’s oil facilities
Amid recent sluggish Chinese economic data and uncertainty surrounding potential stimulus measures, oil markets have lost momentum, dragging energy stocks down in European markets. ADVERTISEMENTCrude…
Oil and gold retreat as fears of a widening Middle East war diminish
Easing fears of a potential Israeli attack on Iran's oil facilities have sent both oil and global prices sharply lower on Tuesday. However, volatility is…
Middle East tensions: Oil prices at risk of further increases
The oil markets may continue to rally due to fears of major production disruptions in the Middle East if the conflicts evolve into a wider…
Oil prices surge following Iranian missile attack on Israel
Crude prices spiked due to concerns over a potential major production disruption following Iran's missile attack on Israel. Analysts believe oil prices could receive an…
Oil prices looking sticky as weaker economic data disappoints
Crude oil markets are facing downward pressure following the release of weak manufacturing and services data from major economies. Meanwhile, escalating conflicts in the Middle…
Oil prices sink to nine-month low amid global economic uncertainty
Crude prices slumped following weak economic data from the US and China, which dampened demand outlooks. Risk-averse sentiment continued to dominate global markets. ADVERTISEMENTCrude oil…
Oil and gold prices surge as tensions rise in the Middle East
Crude oil and gold prices surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. While increasing demand…
Oil prices rise as Middle East tensions weigh on investors
The price of US crude and Brent climbed on Wednesday as tensions in the Middle East weighed on the minds of investors. ADVERTISEMENTAt the time…
Crude oil prices surge sparking concerns of raised inflation risk
Crude oil prices rose to a two-month high amid optimistic demand outlooks and a decline in US stockpiles, sparking concerns of a resurgence in inflation.…
Oil market braces for OPEC decisions as crude prices climb
Crude prices are experiencing upward pressure ahead of the upcoming OPEC+ policy meeting. However, the long-term outlook for oil markets remains uncertain due to the…
European markets slump as investors weigh Middle East developments
European markets were all in the red on Tuesday afternoon as traders continued to monitor developments in the Middle East - and digest fresh economic…
What’s boosting the FTSE 100? London blue-chip index climbs above 8,000
In early trade on Tuesday 2 April, the FTSE 100 index in the UK broke through the 8,000 level, setting a new record at 8,015.60.…
Chinese energy giant finds hundred-million-ton oilfield
CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months. ADVERTISEMENTChina's third largest national oil and…
US diesel exports to Europe see slide in February
Diesel supplies to Europe are under pressure following disruptions at US refineries, aggravated by global instability. ADVERTISEMENTUS diesel exports to Europe almost halved in February…