oil market

 
 

Opec-Russia talks set to keep oil cuts even as glut vanishes

DUBAI, April 18 — Opec and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place. Almost…


RHB: Market volatility presents trading opportunities

KUALA LUMPUR, April 18 — Although the 14th general election (GE14) is a significant overhang for the economy and markets, volatility can still present trading opportunities due to the nation’s solid economy, earnings growth as well as pent-up…


Oil drops as Syria risk seen muted after weekend air strikes

NEW YORK, April 17 — Oil prices dropped yesterday as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. The United States, France and Britain launched 105 missiles on Saturday,…


Oil, gold open lower despite Syria strikes, Russian retaliation in focus

LONDON, April 16 ― Gold and oil traded slightly lower as markets opened for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to experience big losses unless the West strikes again or Russia…


Oil markets tense on Middle East crisis, but rising US supplies weigh

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SINGAPORE (April 12): Oil markets remained tense on Thursday on concerns of a military escalation in Syria, although prices remained some way off Wednesday’s highest since late 2014 as bulging American supplies weighed. Brent crude futures were at US$72.30 per barrel at 0244 GMT, up 24 US cents, or 0.3% from their last close. US WTI crude futures were at US$67.09 a barrel, up 27 US cents, or 0.4% from their last settlement. In China, Shanghai crude futures were also up, rising 8.9 yuan to US$427.1 yuan (US$427.10) per barrel,Read More


Opec political crises threaten to double its million-barrel cut

LONDON, April 11 ­— The deal Opec struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship. By year-end, the group may have lost the same amount of crude…


Oil markets tense on Middle East crisis, but rising US supplies weigh

SINGAPORE, April 12 — Oil markets remained tense today on concerns of a military escalation in Syria, but prices were some way off yesterday’s 2014 highs as bulging American supplies weighed. Brent crude futures were at US$71.98 (RM278.67)…


U.S. crude hits highest since 2014 on missile concerns

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NEW YORK/SINGAPORE/LONDON (April 11): Oil hit its highest in more than three years on Wednesday, after Saudi Arabia said it intercepted missiles over Riyadh and…


Oil hovers near 2014 peak as geopolitics vye with US supply

LONDON, April 11 — Oil held near its highest in nearly three years today, supported by political tension in the Middle East, although evidence of rising US crude supply acted as a counterbalance. Brent crude has gained 5.7 per cent this week,…


Oil surges more than 3pc as trade war fears recede

NEW YORK, April 11 — Oil prices surged more than 3 per cent yesterday as investors grew more confident the United States and China would resolve their trade dispute without damaging the global economy, while Middle East tensions and a weak US…