Today: September 08, 2024
Today: September 08, 2024

Latest From Nicole Jao

Business|Economy|Finance

Oil settles down 2%, big weekly drop after US jobs data

Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a

Oil settles down 2%, big weekly drop after US jobs data
Business|Finance|MidEast|News|World

Oil climbs 3% as Libya output cuts further supply concerns

Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.

Oil climbs 3% as Libya output cuts further supply concerns
Business|Economy

Oil settles up for third straight day on US job data and Mideast tensions

Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices

Economy

Oil rises settles higher; US inflation data feeds rate cut hopes

Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after

Oil rises settles higher; US inflation data feeds rate cut hopes
Economy|News

Brent crude trades above $87, sets highest levels since April

Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories.

Brent crude trades above $87, sets highest levels since April
Business|Economy

Saudi Arabia cuts July Arab Light crude oil OSP to Asia

Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters

Economy|Environment|Science

Fossil fuel use, emissions hit records in 2023, report says

Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year,

Fossil fuel use, emissions hit records in 2023, report says
Business

Oil prices hold near six-month lows

Oil prices stabilised on Wednesday, but remained near six-month lows after a more than 3% drop in the previous session, with investors concerned about oversupply

Oil prices hold near six-month lows
Business

Oil prices stabilise after slump on underwhelming OPEC+ cuts

Oil prices were stable on Friday following a 2% drop on Thursday, with the market unconvinced that the latest round of OPEC+ production cuts will be able to lift prices

Oil prices stabilise after slump on underwhelming OPEC+ cuts
Business

Oil slips as investors watch diplomatic moves in Gaza war

Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain

Oil slips as investors watch diplomatic moves in Gaza war
Business|Economy|News

Oil settles down ahead of OPEC+ meeting, posts weekly loss

Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts.

Oil settles down ahead of OPEC+ meeting, posts weekly loss
Economy

Oil steady as markets weigh OPEC+ cuts against China demand concerns

Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China.

Oil steady as markets weigh OPEC+ cuts against China demand concerns
Economy

Oil dips below $90 a barrel as US agrees Venezuela deal

Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while investors continued to mull the potential impact of the

Oil dips below $90 a barrel as US agrees Venezuela deal
Economy

Oil falls after Saudi pledge; investors keep wary eye on Israel

Oil prices fell on Wednesday, as fears of disruption to supplies due to conflict in the Middle East receded a day after top OPEC producer Saudi Arabia pledged to

Oil falls after Saudi pledge; investors keep wary eye on Israel
Economy

Oil heads for 2% weekly gain on tight U.S. supply, China demand

Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during

Oil heads for 2% weekly gain on tight U.S. supply, China demand
Business|Economy|News

Oil settles lower as U.S. business activity cools, concerns over Middle East ease

Oil prices fell on Wednesday as worries over conflict in the Middle East eased and business activity in the United States slowed, although a fall in U.S. crude oil

Oil settles lower as U.S. business activity cools, concerns over Middle East ease
Business|Economy|News

Oil holds near 3-week low as US sanctions interrupt easing tensions

Oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the

Oil holds near 3-week low as US sanctions interrupt easing tensions

Follow