Europe's inflation falls to a two-year low. It offers confidence, but rising oil prices are imminent.

Inflation, which has been a problem for Europeans, fell sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations, and haircuts - and that the European Central Bank won't have to further restrict the economy by...

Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.

Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...

Quarterly Profit for Exxon Hits All-Time High, Almost Equals Apple's

On Friday, Exxon Mobil Corp. reported a quarterly profit that nearly matched that of tech giant Apple, shattering analysts' forecasts thanks to rising energy prices.

With rising natural gas and oil prices, the company's net profit for the third quarter of 2018 was $19.66 billion...

Premium for VLSFO

As a response to expectations that supply limitation will relax in the next weeks, the very low sulphur fuel oil (VLSFO) cash premium continued its losses on Tuesday, bringing it down to a level that hasn't been seen in two months. This was done in response to forecasts that supply constraint...

For a second day, oil prices are climbing due to supply issues

After Russia, a major energy provider to the area, halted gas delivery through a major pipeline, concerns about a tightening European supply increased, driving up oil prices on Tuesday for a second day.

By 1359 GMT, Brent crude futures had increased by $1.25, or 1.2 per cent, to $106.40...

Oil Prices Spike as Dollar Drops but Interest Rates Continue to Rise.

Supply fears, stronger Equity markets, and a fall in the U.S dollar have resulted in oil prices rising above 1% from Monday.

Due to some fearing that rising interest could lower the demand for fuel, the increase in oil prices varies. The price of Brent Crude Futures per barrel for Septe...

Impact Of Hike In Petrol Prices

In an attempt to escape the impact of rising oil prices, thousands of drivers are racing to automobile repair shops to install liquefied petroleum gas (LPG) or electric systems in their cars. Energy Reform's president, Surasak Nittiwat, said that the business has seen a 200 percent year-over-...

The state has imposed a price cap on oil refineries

To better control energy inflation, energy authorities are considering setting a price restriction on oil sold by Thai refineries, with current measures to combat the problem set to expire this month.

According to Energy Minister Supattanapong Punmeechaow, the Energy Ministry has organi...

Despite global supply concerns, oil remains around a two-month high

On Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain in 1-1/2 months, boosted by the potential of an EU ban on Russian oil and the start of the summer driving season in the US.

Brent crude futures for July fell 9 cents to $1...

Is the recent increase in gas prices beneficial to the United States

Last week, the average price of gas at the pump in the United States was $4.58 per gallon. It will almost certainly rise above $5.00 shortly, as it is currently above $6 in California.

In comparison to Europe, gas prices in the United States are low. The price of a trip to London for th...

UAE Fiscal Standing Receives a Dramatic Boost on Higher Oil Prices

According to IMF, higher oil prices have caused a massive improvement in the economic outlook of the Gulf countries. The IMF released a report that shows that the UAE’s 2022 forecast has shifted from a 0.2% deficit to an 8.1% surplus.

This will cause the public debt to slash from ...

Oil prices are falling as China's economic slowdown harms demand

According to Reuters, oil prices were neutral on Friday as China's COVID-19 lockdowns dragged on the forecast for petroleum demand, but supply disruption fears stemming from Western sanctions limiting Russia's crude and product exports supported prices.

Brent crude futures were ...

Oil prices are rising as the United States and Europe explore further sanctions against Russia

On Tuesday, oil prices rose further on rising supply fears, as the United States and its European allies considered putting further sanctions on Russia for its military assault in Ukraine, and Iran nuclear discussions appeared to have come to a halt.

Brent, the global benchmark for two-...

After an attack on an Aramco oil plant, oil prices have risen and begun to recover

Oil prices increased on Friday, recovering from early losses, as traders hurried to purchase following a missile strike on Saudi Arabia's state-run oil corporation Aramco's storage facility.

Brent crude increased $1.20, or 0.7%, to $119.92 per barrel, while West Texas Intermedia...

As the Ukraine crisis roils oil prices, Johnson talks with Saudi and UAE leaders

During a tour to the Gulf, British Prime Minister Boris Johnson met with Saudi Crown Prince Mohammed bin Salman (MBS) in Riyadh to discuss shifting away from dependency on Russian oil and gas supplies in the wake of Moscow's invasion of Ukraine.

Saudi energy minister Prince Abdulazi...

Russia's Invasion on Ukraine to Have Adverse Effects on Oil Prices

As the situation between Russian and Ukraine worsens, the biggest issue on the table in the West right now is what type of consequences this was conflict was going to have on the oil prices.

Facts are that Russia happens to be one of the largest producers of oil in the world. It was sta...

Oil Prices Would Soar in the US and Europe if Russia Invades Ukraine

If Russia goes ahead with Washington’s prediction of invading Ukraine, oil and gas prices across the world would soar even more.

The pandemic had already caused the worst energy crisis in recent times with oil prices shot up to seven-year highs. Now, a conflict between Ukraine and...

Australian share market elevates

Highlights : 

• The energy and mining sector boosts the Australian economy
• The Energy stocks were among the top gainers of rise in the Australia’s rise. The oil prices were tracked and it gained overnight on hopes of demand recovery in 2022. An overall rise o...

Oil Prices Surge in the US With Decline in Crude Inventories

On Wednesday, a decline in US inventories led to a sharp increase in oil prices with an already boosting demand.

Brent Crude saw an increase of 16 cents, or 0.2 percent, at 79.10 dollars per barrel. West Texas Intermediate crude rose by 5 cents, or 0.07 percent, to 76.03 dollars per bar...

Drop in Oil Prices as Omicron Cases Surge in Europe and Around the World

On Monday, nearly 3 percent of oil prices fell due to concerns of the Omicron spreading rapidly in Europe and the United States. Investors are worried that the spread would reduce the demand for fuel.

Oil prices of Brent crude futures decreased by 2.6 percent at 71.60 dollars per barrel...