SINGAPORE: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market participants assessed a US decision to move personnel from the Middle East ahead of talks with Iran over the latter’s nuclear-related activity. Brent crude futures were down 49 cents… https://www.arabnews.com/node/2604251/business-economy
Oil Updates — prices ease as market assesses Middle East tension Read More »
Home Market News HPCL, BPCL shares fall up to 4% after Brent crude crosses $70 per barrel mark Rising oil prices are generally beneficial for upstream oil explorers such as Oil India and ONGC as it will result in the increase in prices of the products refined by them. Shares of India’s downstream oil refiners,
HPCL, BPCL shares fall up to 4% after Brent crude crosses $70 per barrel mark Read More »
WASHINGTON/BAGHDAD: The United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to heightened security risks in the region, U.S. and Iraqi sources said on Wednesday. The four U.S. and two Iraqi sources did not specify which security risks had prompted
People walk past an anti-US mural on a street in Tehran, Iran, June 5, 2025. Majid Asgaripour | Via Reuters Crude oil futures rose more than 4% on Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that the two countries will reach a nuclear deal. Brent crude futures rose
Oil prices rise more than 4% on escalating Middle East tensions Read More »
WTI is holding above $64.00/barrel on Monday, a seven-week high. Crude Oil markets are betting that summer travel and easing US-China trade tensions will bolster demand. OPEC’s latest production increase hasn’t hit global supplies yet, but it could come soon, and WTI prices are poised for another turn lower. US West Texas Intermediate (WTI) Crude
Crude Oil gains ground as energy markets hope for US-China trade solutions Read More »
Cotton futures posted 16 to 26 point gains across most contracts on Friday, as July was up 56 points this week. Crude oil prices were up $1.43/barrel, closing in on $65, with the US dollar index back up $0.466 to $99.170. The managed money crowd in cotton futures and options added 3,386 contracts to their
Cotton Pushes Higher into Friday’s Close Read More »
A sharp drop in oil prices to around $60 per barrel has cast a shadow over the record-breaking shareholder payouts from Western energy supermajors, according to a recent report from Rystad Energy. The independent energy research firm warns that unless market conditions improve, the industry may be forced to slash both investment and investor returns
Oil price slide threatens bumper shareholder payout Read More »
Cotton futures are trading with 75 to 107 point losses across most contracts on Wednesday’s midday. Crude oil prices are down 70 cents/barrel, with the US dollar index back down $0.489 to $98.670. The next week is looking at precip across much of TX to the East Coast, putting some pressure on futures are midday.
Cotton Falling Weaker at Midday Read More »
By Rystad Energy – Jun 04, 2025, 3:00 PM CDT Falling crude oil prices are squeezing cash flows for oil and gas companies, forcing a reassessment of investment strategies. Major oil companies may need oil prices around $80 per barrel to sustain current shareholder payouts, leading to potential borrowing or cuts in investment and buybacks.
Oil Industry Profitability Under Pressure Read More »
Saudi Arabia, the world’s biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+
Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost Read More »
