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Oil prices
Oil Price
Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…
Oil Price
Oil Prices Slip Ahead of OPEC+ Meeting
Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.
Oil Price
Oil Prices Slide as IMF Sees Global Economy Teetering on the Brink
IMF slashes global GDP growth forecasts for this year, to 3.2%.
Crude Oil
Iran Raises Aug Crude Oil Prices to Asia
Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at $8.90 above the Oman/Dubai average for August, up $2.80 from th…
Oil Price
India Mulls Easing Its Windfall Tax as Oil Prices Fall
With oil prices falling on recession fears, India is taking another look at its windfall tax on oil companies, anonymous Bloomberg sources close to the matter s…
Oil Price
Oil Rises on Market Caution Over Tight Supply
Oil prices rose 1% on Tuesday, clawing back more of last week's losses as investors focused on tight supplies of crude and fuel products rather than concerns ab…
Oil Price
Oil Edges Down as Demand Concerns Weigh, Heading For Weekly Fall
Oil prices edged slightly lower on Friday as worries about global economic growth and uncertainty weighed on markets following numerous interest rate hikes arou…
Crude Oil
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Oil Price
Oil Prices Jump After EU Leaders Agree to Ban Most Russian Crude Imports
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.
Oil Price
U.S., European Thirst for Fuel Sends Physical Oil Prices Soaring
Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of phy…
Oil Price
Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…
Oil Price
Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.
Crude Oil
Oil Slips as Investors Eye EU Vote on Russian Oil Ban
Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…
Oil Price
Why Shale May Not Stage a Comeback Despite Higher Oil Prices
Inflation, supply bottlenecks and a shortage of equipment and personnel have affected the exploration and production cycle.
Oil Price
Oil Rises, Defying Stock Market Falls as Supply Concerns Persist
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …
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