Brent crude adds to record monthly gains with another surge
LONDON: Brent oil futures were closing out their largest monthly gain in history with another lurch higher on Tuesday after ...
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IEA proposes record release of strategic stocks in response to Iran war oil price surge
PARIS/LONDON: The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such ...
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Oil prices up 4% as supply fears mount despite record stocks release plan – Markets
NEW YORK: Oil prices gained nearly 4% on Wednesday as fresh attacks on ships in the Strait of Hormuz worsened ...
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OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
LONDON: OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes ...
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Oil jolt ripples through corporate India’s FX hedges
MUMBAI: Market turbulence kicked up by the Iran war is reverberating across corporate India’s foreign-exchange hedges, with exporters grappling with ...
Read moreOil falls on report of IEA proposing biggest oil release ever – Markets
Oil prices fell further on Wednesday, as reports of the International Energy Agency proposing the largest release of oil reserves ...
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Russian Urals oil to India sells at narrowest discounts since 2022, traders say
MOSCOW/NEW DELHI: Discounts for Russian flagship Urals crude oil for delivery to Indian ports in July hit their narrowest levels ...
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US crude stockpiles fall, fuel builds as refiners hike output, EIA says
NEW YORK: U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the ...
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Oil drops 3% on expectations for US-Iran nuclear deal – Markets
LONDON: Oil prices slipped on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions being eased ...
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OPEC+ countries to open the oil taps despite price slump
VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at ...
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