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Tag: Brent crude

oil prices in global market
World
  • Web Desk
  • Sep 08, 2025
Oil prices edge higher as OPEC+ slows output hike

Oil prices inched up in early Asian trade on Monday, recovering some ground after last week’s sharp losses, as OPEC+ agreed to ease production at a slower pace starting in October amid worries about weakening global demand.

Oil prices global
World
  • Web Desk
  • Sep 03, 2025
Oil prices steady as weak US demand offsets inventory decline

Oil prices held their ground in Asian trading on Wednesday, keeping most of the gains from the previous session that were driven by US sanctions.

international oil prices
World
  • Web Desk
  • Aug 08, 2025
Oil prices head for steepest weekly drop since June amid tariff concerns

Oil prices held steady in early Asian trading on Friday but were on track for their sharpest weekly fall since late June, as fresh tariffs stoked fears about a slowdown in the global economy.

oil prices in global market
World
  • Web Desk
  • Aug 04, 2025
Oil prices dip as OPEC+ announces fresh output hike for September

Oil prices edged lower in early Asian trading on Monday after OPEC+ announced a significant boost in production for September.

Saudi Arabia’s recent indications of a potential increase in oil production and market share sent global oil futures plummeting more than 3%
Business
  • Web Desk
  • May 01, 2025
Saudi Arabia signals shift to increased oil production

Crude oil prices fell sharply by 7 per cent in the global market, with the Brent crude trading at $70 per barrel.
Business
  • Web Desk
  • Apr 04, 2025
Crude oil prices decline amid tariffs, OPEC production increase

The decline is attributed to a combination of geopolitical tensions, trade policies and production decisions by major oil-producing nations.

Oil prices
World
  • Reuters
  • Mar 05, 2025
Oil prices drop for third session as OPEC+ plans output hike

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns US tariffs on Canada, Mexico and China will slow economic and fuel demand growth hammered investor sentiment.

Stocks: gold rises as tariff news looms
Latest
  • Reuters
  • Jan 07, 2025
Stocks lose ground, US yields rise after strong US data

Labor Department data also showed US job openings unexpectedly increased in November although a softening in hiring pointed to a slowing labor market.

OPEC
Latest
  • Reuters
  • Dec 06, 2024
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions

OPEC and its allies push back the start of oil output rises by three months until April and extend the full unwinding of cuts by a year until the end of 2026

global oil prices dip
World
  • Web Desk
  • Sep 11, 2024
Global oil prices rebound as hurricane threatens output

This increase occurred due to a drop in US oil stocks and worries that Hurricane Francine might disrupt oil production in the US.

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