By Julianne Geiger – Aug 06, 2026, 11:30 AM CDT Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the September official selling price for Arab Light by 50 […]
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal Read More »
By Gail Tverberg – Aug 06, 2026, 11:00 AM CDT Oil’s muted response to the Hormuz disruption reflects weak purchasing power and fragile demand. Slowing energy consumption has historically coincided with financial crises, conflict, and political instability. Falling asset prices, layoffs, defaults, and government failures could precede a painful economic restructuring. With the recent closure
Weak Energy Demand May Signal a Much Bigger Economic Problem Read More »
A stock broker walks past a digital board showing share prices at the Pakistan Stock Exchange (PSX) in Karachi on March 10, 2026. — AFP Market is taking a sigh of relief, says analyst. Earnings season also boosting market: analyst. PSX closed at 177,083.22 points on previous day. The Pakistan Stock Exchange (PSX) rebounded sharply on
PSX surges on renewed US-Iran peace hopes, decline in global oil prices Read More »
The U.S. stock market is rallying toward a record on Tuesday (August 4, 2026) as companies keep piling up profits and oil prices ease. The S&P 500 climbed 1.7% and is on track to top its all-time high set a couple months ago. The Dow Jones Industrial Average added 966 points, or 1.8%, to its
U.S. stocks leap toward record as profits keep piling up, oil prices ease Read More »
By Julianne Geiger – Aug 04, 2026, 1:19 PM CDT Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one. West Texas Intermediate was trading at $75.64 per barrel shortly before 2 p.m. ET, down $4.70, or 5.85%, while Brent had fallen $4.61 to $79.16. Both
Oil Markets Price In an Iran Deal That Does Not Exist Yet Read More »
By Julianne Geiger – Aug 04, 2026, 11:30 AM CDT India’s Oil and Natural Gas Corporation more than doubled its quarterly profit as higher crude and natural gas prices—and a weaker rupee—more than made up for another drop in production. ONGC reported net income of 170.34 billion rupees, or about $1.8 billion, for the quarter
ONGC Profit More Than Doubles as Oil Prices Surge Read More »
Stocks rise despite higher oil prices as Iran tensions persist https://www.investing.com/news/economy-news/asia-stocks-move-higher-on-wall-street-lead-oil-steady-4832646
Stocks rise despite higher oil prices as Iran tensions persist Read More »
Stocks stabilised in Asia on Tuesday after last week’s tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks. South Korea’s Kospi swung between gains and losses, with chip giants SK hynix and
Stocks mixed as Seoul stabilises, oil prices rise with eyes on Mideast Read More »
News Investigators/ Some Abuja residents have commended the Dangote Petroleum Refinery for reducing the ex-depot price of Premium Motor Spirit, otherwise known as petrol, from N1,330 per litre to between N1,265 and N1,300 per litre. The reduction came after nearly two weeks of fuel price increases driven by volatility in global crude oil prices. The
Abuja Residents Laud Dangote Refinery Petrol Price Cut Read More »
By Charles Kennedy – Aug 03, 2026, 12:30 PM CDT President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Iran. In a Truth Social post, Trump instructed producers to “get your consumer (retail!) Oil Prices DOWN,
Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO Read More »
