Commodities

Oil prices were broadly flat in early Asian trade on Thursday, as a fragile cocktail of diplomatic optimism and worsening supply shortages kept traders on edge.

In early Asian trading on Tuesday, 14th April 2026, oil prices declined following indications that the United States and Iran may be open to dialogue aimed at resolving their ongoing conflict, which...

Oil prices continued in upward trajectory on Tuesday, driven by escalating rhetoric from U.S. President Donald Trump against Iran, including threats of intensified action should the country fail to reopen the Strait...

On Thursday, US WTI Crude oil futures settled more than 11 percent higher to the highest level in four years while Brent crude surged nearly 8 percent higher amid volatile trading, as market...

Oil markets whipsawed on Thursday morning as U.S President Donald Trump's much-anticipated national address on the Iran war landed far more hawkish than markets had priced in.

Oil prices experienced an uptick on Monday, March 30, 2026, driven by heightened geopolitical tensions following missile strikes launched by Yemen’s Iran-backed Houthis against Israel. This development was further compounded by reports...

The ripple effects of escalating geopolitical tensions in the Middle East are impacting Kenya's aviation industry, causing airlines to implement fuel surcharges in response to sustained increases in global oil prices. As...

Oil prices experienced a notable increase of more than one dollar per barrel on Thursday, 26 March 2026, recovering from losses incurred in the previous trading session. This upward movement was driven...

Oil prices experienced a significant rebound on Tuesday, climbing more than 2% and recovering a portion of the losses incurred in the prior session. This uptick in oil prices was driven by...

The Energy & Petroleum Regulatory Authority (EPRA) has announced that the maximum retail prices for super petrol, diesel, and kerosene will remain unchanged for the monthly pricing cycle running from 15th March...

Global oil prices have surged past USD 110 a barrel, accompanied by a sharp downturn in stock markets, as the intensifying conflict between the United States, Israel, and Iran raises serious concerns...

Oil prices rose for the third consecutive day on Tuesday, driven by escalating conflict between the United States and Israel and Iran, along with emerging threats to maritime security in the Strait...

On Monday, oil prices surged by 7 percent, reaching their highest levels in months, following an escalation of conflict between Iran and Israel in the Middle East. The intensified conflict occassioned significant...

In February 2026, Kenya's annual inflation rate experienced a marginal decline, easing to 4.3 percent from 4.4 percent in January 2026. This moderation in inflationary pressure enhances the Central Bank of Kenya's...

On Saturday, February 14th 2026, the Energy and Petroleum Regulatory Authority (EPRA) announced a reduction in fuel prices, offering relief to consumers across Kenya. The new pump prices which are effective from...

Oil prices declined as market participants shifted their focus toward expectations of robust supply, while assessing the disruptions caused by a severe winter storm across the United States. West Texas Intermediate futures...

Oil prices exhibited minimal movement in early trading on Friday, with Brent crude and U.S. West Texas Intermediate (WTI) benchmarks remaining almost unchanged from their previous closing levels. Brent futures experienced a...

In Asian trading on Thursday, oil prices declined by more than 2%, following remarks by U.S. President Donald Trump which alleviated market concerns over the potential military conflict with Iran and related...

The Energy and Petroleum Regulatory Authority (EPRA), has announced a reduction in fuel prices for the January/February 2026 pumping cycle, marking the first decrease following a four-month period of price stability. These...

Oil prices experienced a modest retreat in early trading on Wednesday, January 14, 2026, halting a four-day rise in oil prices. This slight decline occurred as the market absorbed news on the...

The energy sector in Kenya is navigating a period of significant strain and transformation, which has been propelled by a rising demand coupled with critical infrastructure upgrades. Recent data indicates a consistent...

During Tuesday’s trading session, oil prices experienced a moderate increase which was driven primarily by heightened geopolitical tensions involving Iran and concerns over potential disruptions to global supply. These factors are bound...

Crude oil markets extended their gains into a second consecutive session on Friday, positioning benchmarks for a third successive weekly advance. The upward momentum is underpinned by mounting geopolitical uncertainties, particularly regarding...

U.S. officials emphasized the need to control Venezuela’s oil sales and revenues indefinitely to stabilize its economy.

The pressure on oil prices stems from speculation that U.S. sanctions on Venezuela could be eased following recent political developments.

The Government of Kenya has formally concluded its participation in the Common Market for Eastern and Southern Africa  (COMESA) Sugar Safeguard regime, which lapsed on 30th November 2025 after 24 years and...

The Kenya National Bureau of Statistics (KNBS) has released the Consumer Price Indices and Inflation data for December 2025, giving insight into pricing trends in Kenya for various commodities during the month....

The Energy and Petroleum Regulatory Authority (EPRA) has confirmed that retail fuel prices will remain unchanged for the period spanning December 15, 2025, to January 14, 2026. This marks the third consecutive...

According to Kenya National Bureau of Statistics (KNBS) Kenya's annual inflation rate for November 2025 was to 4.5% from 4.6% in October. According to data by the Kenya National Bureau of Statistics...

Oil prices edge higher on Thursday due to geopolitical tensions and stalled diplomatic negotiations, though persistent concerns over oversupply and weak demand capped significant gains. The uptick followed Ukrainian military strikes on...

The latest downward move on oil prices followed reports that Ukrainian President Volodymyr Zelenskyy has agreed to work with Washington on a peace plan.

The global oil market is currently in a state of equilibrium, caught between two powerful and opposing forces. On one hand, investors are grappling with the reality of an emerging surplus in...

The Energy and Petroleum Regulatory Authority (EPRA) has announced that the prices of fuel will not change for the November/December 2025 pumping cycle, marking the third month in a row that fuel...

Oil prices were largely unchanged early Thursday, stabilizing after a two-week low in the previous session. Brent crude futures edged up 2 cents, or 0.03%, to $63.54 a barrel, while U.S. West...

The modest decline in oil prices follows last week’s sharp rally, Brent and WTI posted their biggest weekly gains since June.

Sanctions on Rosneft PJSC and Lukoil PJSC, companies responsible for nearly half of Russia’s crude exports caught the market off guard and will affect Oil Prices.

Oil prices rose in early Monday trading, buoyed by renewed optimism over U.S.-China trade relations and reinforced by sanctions-driven supply constraints.

The price of crude oil has had the greatest weekly surge for the first time in over three months, leaving the price of Brent crude settling above 70 USD per barrel since...

Gold’s safe-haven appeal continues to shine in the current low-rate environment, with the metal hitting a record high of $3,790.82 earlier this week.

The specter of a prolonged conflict in the Middle East has sent shockwaves through global energy markets, bolstering oil prices.

Gold's bullish outlook is also supported by the banking crisis and calls for recession, which continues to create uncertainty in the global economy

While oil prices softened slightly on Thursday, they remained within the trading band seen since the start of 2023.

Crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sept. 2 to 442.5 million barrels, their lowest since November 1984, according to data...

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery....

U.S. oil prices shot above $10 for the first time in about 14 years due to a surge in prices in Europe, where tight supplies persist.

A stronger dollar also weighed on oil prices as a firmer greenback makes oil more expensive for holders of other currencies.

Oil prices typically rise when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.

A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said.

Oil Prices also found support as the Group of Seven richest economies aims to have a price-capping mechanism on Russian oil exports in place by Dec. 5.

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

U.S. LNG total base load export capacity increased from less than 1 billion cubic feet per day (Bcf/d) in 2015 to about 10.78 Bcf/d at the end of 2021.

Spot gold firmed 0.1% to $1,718.97 per ounce, by 0041 GMT, while U.S. gold futures dipped 0.1% to $1,716.70.

Brent crude futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for a fourth day in declining global oil prices.

Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other currencies. Investors also tend to view the dollar as a safe haven...

The OPEC+ move to bring forward crude oil output hikes is widely seen as unlikely to meet demand as the increased allocation is spread across all members, including Russia which is facing...

Brent crude oil futures were on track to fall for the week, and WTI was on course for a 1.6% weekly gain as U.S. supply remained very tight, prompting talk of fuel...

International crude oil benchmark Brent crude futures were last down 1.68% at $114.34 per barrel. U.S. crude futures dropped 1.87% to $113.10 per barrel.

Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about growth and oil demand in the world’s top consumers.

The partial easing of Shanghai lockdowns lifted some of the downward pressure that was starting to be felt on worries about Chinese oil demand, she said.

Demand for oil will be affected in China - the world’s biggest oil importer - by pandemic-driven mobility restrictions and in Russia by international sanctions.

Proposed EU sanctions, which the bloc’s 27 member states must approve, would ban buying Russian coal and prevent Russian ships from entering EU ports. Britain also urged G7 and NATO nations to...

Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (BPD) of Russian crude and refined products from April. The supply loss...

Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply...

Oil prices gained on reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia.

Tight supply was seen in U.S. crude oil stockpiles, which unexpectedly fell 4.8 million barrels in the week to Feb. 4 to 410.4 million barrels as overall refined product demand reached an...

Sources said an OPEC+ technical panel meeting on Tuesday did not discuss a hike of more than the expected 40,000 barrels of crude oil per day from March.

The risk of geopolitical disruptions to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring,...

Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude...

Crude oil prices surged on Wednesday, with Brent climbing to $90 a barrel for the first time in seven years, amid the tensions between Ukraine and Russia, the world’s second-largest oil producer,...

Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions and worries about the conflict in Yemen.

Spot gold was little changed at $1,840.24 per ounce by 0323 GMT. U.S. gold futures were also steady at $1,840.70.

Lower U.S. oil inventories are also providing support, with crude inventories around the NYMEX WTI delivery point at Cushing in Oklahoma at the lowest for the time of year since 2012.

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to struggle to...

Falling equity markets also impacted crude oil markets as investors have become increasingly worried about central banks raising interest rates this year to combat inflation

OPEC officials and analysts say that an oil rally may continue in the next few months, and prices could top $100 a barrel as demand shrugs of the spread of the omicron...

OPEC+ supply constraints and the ongoing increase in global oil demand will likely keep oil prices well supported in the coming months.

Benchmark 10-year U.S. Treasury yields touched a two-year peak, while the dollar hit a six-day high earlier in the session, making gold expensive for overseas buyers.

Some oil producers within the Organization of the Petroleum Exporting Countries (OPEC) are struggling to pump at their allowed capacities, due to underinvestment and outages.

With oil prices above $80 a barrel, there is growing political pressure for the White House to lobby OPEC+ to hit their production quotas.

Data from the U.S. Energy Information Administration on Wednesday showed oil demand has taken a hit from omicron, with gasoline stockpiles increasing by 8 million barrels in the week to Jan. 7

Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the Fed chief appeared to reassure investors.

Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should support...

The market is waiting on U.S. oil and product inventory data from the American Petroleum Institute (API), an industry group, due at 2130 GMT on Tuesday, followed by data from the U.S....

The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to Jan. 7, its highest since April 2020, energy services firm Baker Hughes...

Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.

Global petroleum production increased more slowly than demand, driving higher prices. The slower increase in production was mostly attributable to OPEC+ crude oil production cuts that started in late 2020

Last year, oil prices rose around 50%, spurred by the global economic recovery from the COVID-19 pandemic slump and producer restraint, even as infections reached record highs worldwide.

After rising for several straight days, oil prices stalled on Friday as Covid-19 cases soared to new pandemic highs across the globe.

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.

Oil gained more ground on Tuesday with prices trading close to last session’s one-month high on expectations that the Omicron coronavirus variant will have only a limited impact on global demand. Brent...

Gold prices inched higher on Monday, staying above the key $1,800 per-ounce level, as slightly weaker U.S. Treasury yields offset an uptick in the dollar.

Russia believes oil prices are unlikely to change significantly next year with demand recovering to pre-pandemic levels only by the end of 2022, Deputy Prime Minister Alexander Novak said on Friday.

Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the omicron coronavirus variant’s impact on demand.

 Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China...

Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countries to consider more restrictions potentially denting fuel demand. Brent crude futures...

The oil and gas rig count, an early indicator of future output, rose by three to 579 in the week to Dec. 17, its highest since April 2020, energy services firm Baker...

Benchmark Brent crude oil futures and WTI both gained around 2% on Thursday, buoyed by record U.S. implied demand.

U.S. crude oil inventories sank by 4.6 million barrels in the week to Dec. 10, data from the U.S. Energy Information Administration showed.

American Petroleum Institute data showed U.S. crude oil stocks fell by 815,000 barrels in the week ended Dec. 10, according to market sources

Still, the Organization of the Petroleum Exporting Countries raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use.