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Economy

Energy price surge risks pushing EU economy into stagflation

Natural gas and crude oil prices have surged recently amid rising demands and the US's wider sanctions on Russia. Elevated energy prices could jeopardise the eurozone's inflation outlook and push the regional economy into stagflation.

Markets

Crude prices rally as US intensifies sanctions on Russian oil

The Biden administration's new sanctions target Russia's oil giants Gazprom Neft and Surgutneftegas, shadow fleet vessels, and opaque traders. Oil prices surged, while European equities slid as investors fear tighter global supply.

Markets

Crude oil prices hit three-week high as concerns over supply grow

Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought.

Europe News

UK, Denmark vow to ‘disrupt and deter’ Russia’s shadow fleet

Western naval nations have vowed checks on a network of ageing tankers that may be helping Putin circumvent sanctions and fund his war effort.

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Markets

Crude oil prices under pressure amid disappointing Chinese data

Crude oil prices retreated from Monday's gains amid weak demand outlooks, following disappointing Chinese international trade data for November.

Markets

OPEC+ oil alliance makes decision on crude oil prices

Oil prices have been down due to weaker than expected demand from China as well as increased production from countries such as Brazil and Argentina that are not in OPEC+.

Markets

Hopes that Biden's Angola trip may help lower pressure on oil markets

US President Joe Biden is visiting oil-abundant Angola for a three-day trip, aiming to enhance investment activities in the country and countering China's rising influence in the region.

Markets

Oil rises as Israel-Hezbollah ceasefire violated, OPEC+ delays meeting

Oil prices rose nearly 1% Thursday after Israel reported ceasefire breaches with Hezbollah, reigniting Middle East tensions. Brent hit $72.90 a barrel, recovering recent losses. Meanwhile, OPEC+ postponed its meeting, with analysts noting stronger cartel cohesion and compliance.

Markets

Crude oil prices slippery amid signs of escalation in Ukraine war

After reaching a two-week high, crude oil prices fell back on Monday as investors rebalanced positions in major asset classes. However, bullish factors remain in the near term as geopolitical tensions rise.

Markets

Oil prices hit as Trump signals increasing support for more drilling

US President-Elect Donald Trump's enthusiasm for more oil drilling in the US is causing increasing volatility in oil prices, as investors worry about the possibility of oversupply.

Business

UAE opens summit as energy industry weathers Middle East concerns

The United Arab Emirates (UAE) as a whole is planning to increase its production capacity of oil to 5 million barrels a day in the coming years.

Markets

Oil prices plunge as Israel spares Iran's oil facilities in attack

Crude prices plunged as Israel launched a limited retaliation attack on Iran, sparing its oil and nuclear facilities. China reported disappointing economic data, further weakening crude demand outlooks.

Markets

Oil slumps as fears recede that Israel may hit Iran's oil facilities

Amid recent sluggish Chinese economic data and uncertainty surrounding potential stimulus measures, oil markets have lost momentum, dragging energy stocks down in European markets.

Markets

Oil and gold retreat as fears of a widening Middle East war diminish

Easing fears of a potential Israeli attack on Iran's oil facilities have sent both oil and global prices sharply lower on Tuesday. However, volatility is likely to persist, with critical economic events later this week.

Markets

Middle East tensions: Oil prices at risk of further increases

The oil markets may continue to rally due to fears of major production disruptions in the Middle East if the conflicts evolve into a wider regional war.

Markets

Opec leaders agree to keep to decision to cut oil production

Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to concerns over a potential major production disruption following Iran's missile attack on Israel.

Markets

Oil prices looking sticky as economic data disappoints

Crude oil markets are facing downward pressure following the release of weak manufacturing and services data from major economies. Meanwhile, escalating conflicts in the Middle East and additional stimulus measures from China have provided some support.

Markets

Oil prices sink to nine-month low amid global economic uncertainty

Crude prices slumped following weak economic data from the US and China, which dampened demand outlooks. Risk-averse sentiment continued to dominate global markets.

Markets

Oil and gold prices surge as tensions rise in the Middle East

Crude oil and gold prices surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. While increasing demand for safe-haven assets is likely to sustain gold prices, the bullish momentum in oil markets may also persist due to concerns over undersupply.

Markets

Oil prices rise as Middle East tensions weigh on investors

The price of US crude and Brent climbed on Wednesday as tensions in the Middle East weighed on the minds of investors.