The Business Times
business-time-50

Opec

Energy & Commodities

Oil prices settle 2% lower as economic worries outweigh supply risks

Brent futures rose US$3.86, or 5.2 per cent, to settle at US$78.02 a barrel on Wednesday, the highest since June 19. 
Energy & Commodities

Oil settles at multi-week high as US-Iran truce buckles under fresh hostilities

Brent crude futures settled up US$2.17, or 3.01 per cent, to US$74.16 a barrel on Tuesday.
Energy & Commodities

Oil jumps after settlement as US revokes general license for Iran oil sales

The strait, which links Persian Gulf producers to global markets, has partially reopened following its near-total closure triggered by the US-Iran war.
Energy & Commodities

Oil climbs as fresh tanker strike highlights risks around Hormuz

Replenishing oil stocks, never cheap, has likely been made more expensive by the war.
Energy & Commodities
NEWS ANALYSIS

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

Since the Iran war began, the oil cartel has added 940,000 barrels a day to quotas – equivalent to almost 1% of global demand.
Energy & Commodities

Opec+ ratifies planned oil quota hike as Gulf flows rebound

The dramatic switch from famine to feast means that worries of an oil-led inflation spike from the biggest supply disruption on record are all but vanquished. 
Energy & Commodities

Oil’s supply wave, tumbling prices rekindle fears of global glut

At least five supertankers carrying a total of 10 million barrels of Saudi oil loaded from Ras Tanura have exited the Strait of Hormuz.
Energy & Commodities

Oil edges higher ahead of long US weekend as Washington-Teheran peace efforts hold

The prospect of Opec’s second-largest producer considering an exit would be a further blow to the group, after the departure this year of the United Arab Emirates.
International

Iraq to consider all options if Opec quota not raised, weighs exit, sources say

Brent crude futures were down US$2.32, or 3.01 per cent, at US$74.76 a barrel by 1218 GMT on Wednesday.
Energy & Commodities

Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More