[ BEIJING: Oil prices fell in early Asian trading on Monday, reversing gains from Friday as U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand. Brent crude futures fell 75 cents, or 0.84%, to $88.75 a barrel while West Texas Intermediate (WTI) futures … Read more
[ NEW DELHI: Centre discussed the recent trends and volatility in the global oil market and their impact on global energy stability with OPEC secretary general on Friday. During the telephone conversation with Haitham Al-Ghais India’s oil minister Hardeep Singh Puri “emphasized the importance of balancing market stability, affordability, with pragmatism”, said the statement.India imports … Read more
[ OIL prices rose on Tuesday amid heightened tensions in the Middle East after Israel’s military chief said his country would respond to Iran’s weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures … Read more
[ BEIJING: Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East. Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to … Read more
[ Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing West Asia tensions, largely ignoring a stronger dollar and tempered bets for US rate cuts. Spot gold was up 0.9% to $2,269 per ounce after hitting an all-time high of $2,277. Global oil benchmark Brent also … Read more
[ NEW YORK: Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for May shed 16 cents, or 0.2%, to settle at $86.09 a barrel while the more actively traded June contract was down … Read more
[ SINGAPORE: Oil was little changed on Tuesday, after rising in the previous session, as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks, though a slightly weaker U.S. dollar offered some support. Brent crude futures for May climbed by 7 cents to $86.82 a barrel, while … Read more
[ Sens. John Fetterman (D-Pa.) and Joni Ernst (R-Iowa) introduced a bipartisan measure that would ban the export or sale of oil from the United States’s oil reserves to China, Russia, Iran, Venezuela, Syria and Cuba. The measure, the Banning Oil Exports to Foreign Adversaries Act, would also prohibit the sale of oil from the … Read more
[ The Royal Academy has set about a complex and discomforting task: unpicking its own involvement with Britain’s imperial past. In its new exhibition, Entangled Pasts 1768-Now, it looks at patronage and the sources of the wealth that built these grand halls, examines the visibility of people of colour in Georgian and Victorian Britain, and suggests the … Read more
[ Sen. Dan Sullivan (R-Alaska) criticized President Biden for his decision to pause approvals of some natural gas export facilities, saying the announcement “makes no sense.” “Once again, they are letting the far left and John Kerry, can’t wait until he leaves the White House by the way, drive policies that make no sense and … Read more
