Oil prices
Oil prices settle slightly higher as market assesses mounting supply risks
[HOUSTON] Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tanker...
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
[NEW YORK] Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising global ...
Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
[TOKYO] Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geop...
Oil jumps 2% as Trump’s Venezuela blockade stokes uncertainty
While many ships lifting Venezuelan oil are sanctioned, others moving crude from Iran and Russia are not
Oil prices fall as supply outlook offsets disruptions in Venezuelan flows
[DENVER] Oil prices slid on Monday as investors balanced disruptions linked to escalating US-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026
Bearish outlook persists for WTI
WEST Texas Intermediate (WTI) crude oil prices have remained weak this year, down 18 per cent year-to-date at the time of writing.
Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories.
Oil settles higher after US seizes tanker off Venezuela’s coast
[NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies.
