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Business
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Energy
11/22/2023 7:42:27 PM
Oil prices slumped Wednesday as traders took a delay to an OPEC+ summit meeting as a sign of possible discord, while European and US stocks rose on hopes of an end to the US Federal Reserve's interest rate-hiking cycle.
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Business
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Energy
11/15/2023 4:14:30 PM
Crude prices rallied this week after posting their steepest drop in over three months, rebounding on brighter consumption forecasts from OPEC and the International Energy Agency (IEA), according to a report by the Kuwaiti asset management company Kamco Invest on Wednesday.
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Business
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Markets & Companies
11/15/2023 12:33:18 AM
Benchmark US crude oil for December delivery was unchanged at $78.26 per barrel Tuesday. Brent crude for January delivery fell 5 cents to $82.47 per barrel.
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War on Gaza
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War on Gaza
11/7/2023 11:16:47 AM
Energy giant Saudi Aramco on Tuesday posted a 23-percent year-on-year drop in profits for the third quarter, the result of lower oil prices and production cuts.
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Business
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Economy
10/30/2023 2:56:30 PM
The escalation of the war in Gaza is expected to have various implications for oil and other commodity markets, initially triggering a surge in oil prices and subsequently causing disruptions in other commodity sectors.
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Business
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Economy
10/20/2023 4:03:10 PM
Stock markets slid and oil prices jumped Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the crude-rich Middle East.
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Business
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Energy
10/18/2023 3:30:30 PM
Oil prices rallied and global stocks mostly fell Wednesday on fears that the Israel-Hamas war could spill over into a regional war after the Israeli massacre at Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.
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Business
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Economy
10/17/2023 6:01:50 PM
US and European stock markets mostly fell and oil prices rose on Tuesday as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israeli escalation against Gaza from creating a regional war.
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Business
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Economy
10/9/2023 10:04:48 AM
Oil prices rallied while the dollar and yen advanced Monday as Israeli forces bombarded Gaza after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East.
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Business
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Economy
10/4/2023 5:00:50 PM
An OPEC+ panel recommended Wednesday that the oil cartel keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to prop up prices.
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Business
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Economy
9/29/2023 12:38:30 PM
Inflation that has been plaguing Europeans made a marked decline in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs.
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Business
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Economy
9/28/2023 9:49:45 AM
US oil prices closed at their highest level in more than a year late Wednesday on a mixed day for global equities as the dollar continued its upward climb.
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World
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War in Ukraine
9/27/2023 10:00:39 AM
The European Bank for Reconstruction and Development on Wednesday said it expected Russia's economy to grow in 2023 thanks to rising oil prices, having forecast a contraction earlier this year.
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Business
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Markets & Companies
9/19/2023 10:43:50 PM
Benchmark US crude oil for October delivery fell 28 cents to $91.20 a barrel Tuesday. Brent crude for November delivery fell 9 cents to $94.34 a barrel.
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Business
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Economy
9/19/2023 12:04:56 PM
Asian stocks sank Tuesday following a sedate performance on Wall Street as investors nervously await the Federal Reserve's policy decision later in the week, while inflation worries were exacerbated by oil's push towards $100.
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Business
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Energy
8/7/2023 8:21:47 PM
Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices.
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Business
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Economy
7/26/2023 12:27:46 PM
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices.
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Business
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Markets & Companies
7/3/2023 10:40:59 PM
Benchmark US crude oil for August delivery fell 85 cents to $69.79 a barrel Monday. Brent crude for September delivery fell 76 cents to $74.65 a barrel.
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Business
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Markets & Companies
6/24/2023 10:24:09 AM
Benchmark US crude oil for August delivery fell 35 cents to $69.16 a barrel Friday. Brent crude for August delivery fell 29 cents to $73.85 a barrel.
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Business
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Markets & Companies
6/6/2023 10:39:51 PM
Benchmark US crude oil for July delivery fell 41 cents to $71.74 a barrel Tuesday. Brent crude for August delivery fell 42 cents to $76.29 a barrel.
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