oil price

Oil falls as US rate hike expectations offset tight supply outlook

Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as US interest rate hike expectations offset the impact of drawdowns in US crude stockpiles.
21 September 2023, 06:50 AM

Oil prices rise on supply deficit concerns

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the United States spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia.
19 September 2023, 07:22 AM

Oil rises on supply concerns, China demand recovery

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world's top crude importer.
18 September 2023, 06:26 AM

Oil rebounds as markets refocus on supply tightness

Oil prices rebounded on Thursday as markets turned their attention back to a tighter crude supply outlook for the rest of 2023 with demand set to stay robust through to next year.
14 September 2023, 07:04 AM

Oil prices ease but supply cuts keep Brent above $90/bbl

Oil prices eased on Monday as a stronger dollar and economic concerns in China weighed on fuel demand outlook although Brent held above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts.
11 September 2023, 06:20 AM

Oil prices rise to 9-month high on worries about tight supply

Oil prices gained almost 1 percent to a nine-month high on Friday on rising US diesel futures and worries about tight oil supplies after Saudi Arabia and Russia extended supply cuts this week.
9 September 2023, 06:55 AM

Oil dips as markets shrug off supply jitters

Oil prices reversed course on Wednesday after rising over 1 percent in the previous session, on a firmer dollar and as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia.
6 September 2023, 10:41 AM

How many eggs are there in our basket?

In a highly competitive market like the egg market, one would expect prices to remain stable. They can rise, but over time.
5 September 2023, 03:00 AM

Oil steady amid OPEC+ supply cut expectations

Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the US economy.
4 September 2023, 07:17 AM

Oil jumps to highest in over seven months

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
3 September 2023, 18:00 PM

Oil rises to highest in over seven months on supply worries

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
2 September 2023, 08:46 AM

Witnessing the price hike parody

Will we hear yet another "eggcellent" proposal to import dub in order to force the local market to lower their price?
2 September 2023, 05:00 AM

Oil marginally lower as global economic concerns loom

Oil prices were marginally lower on Monday as investors stayed fretful over the pace of economic growth in China, and the prospect of further US interest rate hikes that could dampen fuel demand.
28 August 2023, 05:44 AM

Oil prices climb on expectations of lower OPEC+ exports in August

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high interest rates.
21 August 2023, 06:40 AM

Oil prices wobble on worries over China economy, US rate path

Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further US interest rate hikes will weaken fuel demand in the world's two biggest economies.
17 August 2023, 09:14 AM

Oil falls as firm dollar, China economy counter 7-week rally

Oil prices eased on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts.
14 August 2023, 06:16 AM

Oil up on record demand forecast, 7th straight weekly gain

Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022.
13 August 2023, 06:59 AM

Oil firms to multi-month highs, eyes on US inflation data

Oil recouped early marginal losses on Thursday, climbing to multi-month peaks as the market weighed supply tightness concerns with fuel demand worries ahead of key US inflation data.
10 August 2023, 08:05 AM

Oil prices slip as bearish China data fuels demand concerns

Oil prices eased in Asian morning trade on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, outweighing fears over tighter supply arising from output cuts by Saudi Arabia and Russia.
9 August 2023, 05:56 AM

Oil holds steady near four-month high on OPEC+ cuts

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies.
7 August 2023, 08:56 AM