Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even amid…
Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.
Brent crude futures climbed…
Oil prices were lower on Monday as investors balanced concerns about fuel demand from the spread of COVID-19 variants and floods in China against expectations of tight supplies through the rest…
Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a sharp drop, underpinned by expectations supply will remain tight as demand…
Oil prices fell on Thursday after an unexpected rise in U.S. crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains…
Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening…
Oil prices fell more than $1 a barrel on Monday after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude…
Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as…
Oil prices fell nearly 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as U.S. fuel stocks rose, raising concerns…
Oil prices fell on Wednesday on future demand concerns after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid concerns about supplies…
Oil prices climbed on Tuesday, reversing some of the previous day’s losses, as tight supply and expectations of a further draw in U.S. crude inventories provided support, although fears over…
Oil prices were lower in early Asian trade on Monday as the dispute in talks among key producers to raise output in coming months kept supplies tight, offsetting concerns about…
Oil prices were mixed on Friday after a boost from a drop in U.S. crude and gasoline inventories but were still set for a weekly decline on concerns that an…
Oil prices fell for a third day on Thursday amid anxiety that supply may rise after the collapse of this week’s talks among major producers, potentially causing the current output…
Oil jumped to its highest level in nearly three years after talks between OPEC, and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on…
Oil prices held steady on Friday after OPEC+ ministers delayed a meeting on output policy as the United Arab Emirates baulked at a plan to add back 2 million barrels…
Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in…
Oil prices on Wednesday extended the previous day’s small gains after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in…
Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around…
Stocks in Asia-Pacific were mixed on Monday, as Hong Kong saw a shorter trading day following a morning pause due to severe weather conditions.
The Hang Seng index slipped fractionally on Monday to…
Oil prices climbed to highs last seen in October 2018 on Monday as the United States and Iran wrangled over the revival of a nuclear deal, delaying a surge in…
Oil prices climbed for a third straight session on Friday, on track for a fifth consecutive weekly gain, as demand growth is expected to outstrip supply on bets that OPEC+…
Oil prices climbed on Thursday after a sharp drawdown in U.S. crude, and gasoline stocks reinforced optimism of a quick recovery in fuel demand and on doubts about the future…
Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil…
Oil prices nudged up on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a…
Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States but were nevertheless on…
Crude oil prices fell on Thursday, pressured by a stronger U.S. dollar, but losses were limited by a big drop in crude oil inventories in the United States, the world’s…
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session. The prospect of extra supply coming to the market soon from Iran faded with talks dragging on…
Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs.
Brent crude was up 14 cents, or 0.2…
Shares in Asia-Pacific were mixed in Friday trade, with the BSE Sensex in India touching a record high.
In Friday Asia trade, the Sensex rose to 52,641.53 — above its previous…
Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising…
Oil prices slid on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the…
Oil prices rose for a second day on Wednesday on signs of strong fuel demand in Europe, while the prospect of a near-term return of the Iranian oil supply faded…
Shares in Asia-Pacific were mostly lower on Tuesday, as investors reacted to the release of Japan’s revised first-quarter gross domestic product figures.
The Nikkei 225 in Japan shed 0.19% to close at 28,963.56…
Oil prices edged lower on Tuesday as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China's oil imports…
Oil extended gains to hit fresh multi-year highs on Monday, supported by a brighter economic and fuel-demand outlook. At the same time, investors eyed the outcome of talks between Iran…
Oil prices rose for a third day on Thursday on expectations for a surge in fuel demand, particularly in the United States and Europe and China, later this year at…
Shares in Asia-Pacific were mixed on Wednesday, with official data showing higher-than-expected growth in Australia’s economy for the first quarter.
The Nikkei 225 in Japan gained 0.46% to close at 28,946.14 while the Topix…
Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a…
Shares in major Asia-Pacific markets were mostly higher on Tuesday, as investors reacted to the release of a private survey on Chinese manufacturing activity in May.
Mainland Chinese stocks closed higher,…
Oil prices climbed in early Asian trade on Monday, stimulated by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting…
Robust economic data from the United States, the world’s largest economy and oil consumer, also buoyed risk appetite by investors.
Oil prices fell on Thursday but stayed within the tight range they have been in all week, as optimism on the summer driving season in the United States and Europe…
Oil prices were steady on Wednesday as concerns of a possible resumption in Iranian supply that would result in an oversupply was offset by hopes for stronger U.S. fuel demand…
Shares in Asia-Pacific rose on Tuesday, as investors watched tech shares following overnight gains in the sector stateside.
Mainland Chinese stocks led gains regionally, with the Shanghai composite rising 2.4% on the day…
Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects of an early return of oil exporter Iran to international…
Oil prices edged higher on Monday as a storm formed in the Gulf of Mexico. Iran said a three-month nuclear monitoring deal had expired, raising doubts about the future of…
Shares in Asia-Pacific were mixed on Friday following an overnight bounce on Wall Street.
The Taiex in Taiwan jumped 1.62% on the day to 16,302.06. India’s Nifty 50 also saw robust gains, rising 1.3%, as…
Oil prices edged higher on Friday, taking a break after three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world…
Stocks in Asia-Pacific were mixed on Thursday, with data showing Japan’s exports surging in April.
The Nikkei 225 finished the trading day 0.19% higher at 28,098.25 while the Topix index advanced slightly to…
Oil prices fell on Thursday after a slump in the previous session, as rising U.S. stockpiles added to concerns about a hit to demand from surging coronavirus infections in Asia…
Oil prices fell for a second day on Wednesday on the potential of Iranian supply returning and as investors sold on speculation that inflation fears might lead the U.S. Federal…
Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopening of the U.S. and European economies outweighed fears of slower fuel demand in Asia…
Shares in Asia-Pacific were mixed on Monday trade as investors reacted to the release of Chinese economic data while also monitoring the Covid situation in places such as Taiwan, which…
Oil prices edged lower on Monday as the recovery of a major U.S. pipeline network eased concerns about oversupply, and a new wave of COVID-19 restrictions in Asia fuelled fears…
Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world’s third-biggest importer of crude, tempered a rally driven by…
Oil prices rose on Wednesday after a drop in U.S. crude inventories reinforced OPEC's robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage.
U.S. West Texas…
Most Asia-Pacific markets came under pressure on Tuesday, following a sell-off in tech stocks that weighed down major U.S. indexes overnight.
Stocks in Taiwan led declines across the region, with the benchmark…
Oil prices fell on Tuesday as the prospect of the main U.S. East Coast gasoline pipeline remaining shut for the rest of this week led some U.S. Gulf Coast refiners…
Crude oil prices edged higher on Monday after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States and highlighted the fragility of its oil…
Asia-Pacific stock markets traded mixed on Thursday as investors look ahead to the U.S. jobs report due later this week for clues about how long the Fed will stay on…
Oil prices edged higher on Wednesday, extending gains from the previous session after industry data indicated U.S. crude stocks fell much more than expected last week, reinforcing bullish views on…
Oil prices added to overnight gains on Tuesday, as more U.S. states eased lockdowns and the European Union sought to attract more travellers, which would help offset weakened fuel demand…
Oil prices fell on Monday as a fatal second wave of a coronavirus epidemic hit India cutting short the demand outlook, offsetting optimism about a strong rebound in demand in…
Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session.
Australia’s ASX 200 fell 0.7% as all sectors turned red. Energy and materials were…
Oil prices slipped on Friday after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook…
Stocks in Asia-Pacific mostly rose in Thursday trade, as investors reacted to the U.S. Federal Reserve’s decision to keep its easy money policy in place.
South Korea’s Kospi gained 0.23% in afternoon trade while the S&P/ASX 200 in…
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and…
Oil prices edged lower on Wednesday with a rapid spread of COVID-19 infections in India, a bigger-than-expected build in U.S. crude stocks outweighing confidence shown by OPEC and its allies…
Oil was up Tuesday morning in Asia, bouncing back from the previous session’s drops. However, investors remained concerned about fuel demand recovery as the number of COVID-19 cases in India,…
Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising COVID-19 cases in the region weighed on sentiment, pushing…
On Monday, oil prices fell on fears that surging COVID-19 cases in India will drive down fuel demand in the world’s third-biggest oil importer and as investors adjusted positions ahead…
Stocks in Asia-Pacific were mixed on Friday, with the price of bitcoin tumbling below $49,000.
The Nikkei 225 in Japan fell 0.57% to close at 29,020.63, while the Topix index shed 0.39%…
Libya’s National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a…
Oil prices edged lower for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil…
Oil prices rose on Tuesday, supported by a weaker U.S. dollar which boosts demand for dollar-denominated assets from buyers holding foreign currencies. Additionally, there are expectations that crude inventories fell…
Shares in Asia-Pacific mostly rose in Monday trade, though India’s markets lagged as the country continues to see a surge in Covid-19 infections.
Mainland Chinese stocks led gains among the region’s…
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with…
Shares in Asia-Pacific edged higher on Friday as investors reacted to the release of Chinese economic data.
Mainland Chinese stocks closed higher as the Shanghai composite gained 0.81% to 3,426.62 while the Shenzhen component advanced 0.296%…
Oil prices extended gains on Friday, recording a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the United States,…
Oil prices tumbled on Thursday after holding around one-month highs in the previous session, having surged at around 5% after the International Energy Agency (IEA) and OPEC raised forecasts for…
Shares in Hong Kong led gains in Asia-Pacific during Wednesday trade as Chinese tech stocks listed in the city jumped.
Hong Kong’s Hang Seng index led to gains among the region’s major…
However, a closer look at fuel cost tabulation indicates that taxes make up over 50 per cent of Kenya’s retail fuel prices.
Oil extended gains on Wednesday during early Asian trading hours after an industry report pointed to another decline in U.S. crude stockpiles followed by OPEC raising its outlook for oil…
Oil prices edged higher today amidst tensions in the Middle East after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites and an expected drawdown in crude…
Oil prices edged higher on Monday as investors watched out for the short-term demand outlook amid the rising cases of COVID-19 in some regions. In contrast, a rising dollar reduced…
Oil prices edged up in early Asian trade on Friday, supported by a weaker dollar, as investors weighed rising supplies and the impact on fuel demand from the COVID-19 pandemic.
Brent…
Oil prices fell on Thursday after official figures showed a big increase in U.S. gasoline stocks, causing concerns about demand for crude weakening in the world’s biggest consumer of the…
Oil has recovered from historic lows last year with the support of record OPEC+ cuts, most of which will remain after July. Demand is expected to recover further in the…
Crude prices rose on Thursday, redeeming some of the previous session’s losses on expectations that a meeting of OPEC + on Thursday would yield output constraint in the face of…
Shares in Asia-Pacific traded mixed on Wednesday as official data showed China’s factory activity growing in March.
In Japan, the Nikkei 225 shed 0.63% while the Topix index declined 0.68%. South Korea’s Kospi, on…
Oil prices rose on Wednesday, paring overnight losses a day ahead of a meeting of OPEC and its allies, with investors betting the producers will largely agree to extend their…
Shares in Asia-Pacific were mixed on Tuesday as investors watched the movement in shares of Japanese financial services firm Nomura following their Monday plunge.
The Nikkei 225 in Japan traded fractionally higher while…
Asian markets opened higher on Friday after U.S. equities rose as investors weighed the outlook for economic growth and inflation and welcomed vaccination rollouts progress.
By the Friday market close on…
Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the…
Shares in major Asia-Pacific markets were mixed on Thursday, though tech stocks in the region took a hit following a sell-off in the sector overnight on Wall Street.
In Japan, the Nikkei…
Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude…
Oil prices fell 1% on Tuesday amidst concerns that curb the spread of the coronavirus pandemic and slow vaccine rollouts in Europe will slow recovery in fuel demand and as…
Asian shares were mixed Monday as the U.S. Federal Reserve’s announcement shook sentiment that it would end some emergency measures put in place last year to help the financial industry deal…
Oil prices extended losses on Monday, amidst concerns that European lockdowns may slow down the expected recovery on oil demand.
Brent crude was down 34 cents, or 0.5%, at $64.19 a barrel…