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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.

Markets

Crude oil prices surge sparking concerns of raised inflation risk

Crude oil prices rose to a two-month high amid optimistic demand outlooks and a decline in US stockpiles, sparking concerns of a resurgence in inflation.

Markets

Oil giant Saudi Aramco offers a second stock tranche worth billions

Saudi Arabia said on Friday it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019.

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Markets

Oil market braces for OPEC decisions as crude prices climb

Crude prices are experiencing upward pressure ahead of the upcoming OPEC+ policy meeting. However, the long-term outlook for oil markets remains uncertain due to the ongoing imbalance between demand and supply.

Markets

European markets slump as investors weigh Middle East developments

European markets were all in the red on Tuesday afternoon as traders continued to monitor developments in the Middle East - and digest fresh economic data from China.

Economy

The effect Iran's attack on Israel could have on commodities

In the wake of Iran's recent offensive against Israel, investors have been on edge, speculating about the potential ramifications for commodities. Here's a breakdown of the situation and its possible impacts.

Markets

What's boosting the FTSE? London blue-chip index climbs above 8,000

In early trade on Tuesday 2 April, the FTSE 100 index in the UK broke through the 8,000 level, setting a new record at 8,015.60.

Russia

Vice President of Russian energy company dies 'suddenly' of suicide

Vitaly Robertus, 54, is reportedly the fourth Lukoil manager to die in two years.

Markets

Chinese energy giant CNOOC finds hundred million-ton oilfield

CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months.

Markets

US diesel exports to Europe see slide in February

Diesel supplies to Europe are under pressure following disruptions at US refineries, aggravated by global instability.

Markets

TotalEnergies shares slide as company reports fall in earnings

Shares in France's TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings.

Markets

Euroviews. Oil price forecast for 2024: What’s in store for global crude?

Despite the headwinds in 2024, consumers might be able to breathe a sigh of relief as oil prices are expected to remain range-bound or trend downwards as compared to 2023, Osama Rizvi writes.

Markets

Here's why global investors will be closely watching the OPEC+ meeting

Global investors, including those in Europe, will be closely watching what actions will be taken at the November OPEC+ meeting, which will shed more light on the next steps of the major oil-producing countries.

Markets

How a dark fleet of ships is helping Russia evade oil sanctions

A dark fleet, untraceable operators, and discounts helped Russian oil trade flow despite Western sanctions in the last 18 months.

Markets

Oil prices keep rising, experts foresee $100 a barrel

After a short pause last week, oil prices are on the rise again fuelled by Russia's temporary ban.

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

Business

Greek shipping company fined $2.4 million for violating Iran sanctions

The now-public case against Greece's Empire Navigation, which faces three years of probation under the plea agreement, marks the first public acknowledgement by US prosecutors that the US seized some 1 million barrels of oil from the tanker Suez Rajan.

Earth News

'Selfish': UK to grant 100 new licenses for oil and gas exploration

Britain's government says the move will improve energy security, while new carbon capture and storage projects will create tens of thousands of jobs.

Europe News

EU imports of Russian oil plunge by 90% as a result of sweeping bans

It's official: the European Union is no longer the top client of Russian oil.