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oil-price

When war comes for the economy
Editorial 3 days ago

PREMIUM
When war comes for the economy

A war economy is not necessarily the mobilization of force, but conflict used as a lever on prices and supply chains.
Stocks mixed as Seoul stabilizes, oil prices rise with eyes on Mideast
Markets 5 days ago

Stocks mixed as Seoul stabilizes, oil prices rise with eyes on Mideast

South Korea's Kospi swung between gains and losses, with chip giants SK hynix and Samsung, which have been the poster boys of a month-long AI-themed rout, center of attention again.
Inflation eases despite pressure from oil prices
Economy 6 days ago

PREMIUM
Inflation eases despite pressure from oil prices

Consumer price index growth cooled to 2.88 percent year-on-year in July despite ongoing pressure from high global oil prices, according to the latest report from Statistics Indonesia (BPS).
Oil giants report blowout profits on war, say gas prices could stay high
Companies 1 week ago

Oil giants report blowout profits on war, say gas prices could stay high

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.
Asian stocks stutters after rout, Fed leaves markets guessing on rates
Markets 1 week ago

Asian stocks stutters after rout, Fed leaves markets guessing on rates

Brent futures slipped below US$90 per barrel, after jumping over 7 percent a day earlier as fighting in the Middle East escalated, although data showed tankers continued to make their way out of the region despite the continued strikes.
Asian stock rout deepens on AI worries ahead of tech earnings
Markets 1 week ago

Asian stock rout deepens on AI worries ahead of tech earnings

Oil prices jumped after fresh attacks in the Middle East shattered the relative calm of recent days in the US-Iran war as investors fret about the impact of depleting supplies on prices and global rates.
Oil prices sink as US-Iran pause fuels fresh Hormuz hopes
Markets 1 week ago

Oil prices sink as US-Iran pause fuels fresh Hormuz hopes

Concerns about the sustainability of the AI boom and questions over the eye-watering sums pumped into the sector continue to dog traders, as tech firms bear the brunt of selling.
Oil settles over $100 as Houthi attacks intensify Middle East supply risks
Markets 2 weeks ago

Oil settles over $100 as Houthi attacks intensify Middle East supply risks

Goldman Sachs said Brent might exceed $120 a barrel in the fourth quarter and average $100 next year if the strait remains disrupted through 2027.
Oil rises to six-week highs amid escalating Iran war
Markets 2 weeks ago

Oil rises to six-week highs amid escalating Iran war

Brent crude futures rose 2 percent to US$96 per barrel in early trading after the US launched a new round of strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea.
Stop Mideast escalation
Editorial 2 weeks ago

PREMIUM
Stop Mideast escalation

As the protracted Mideast conflict continues to send economic shock waves across the globe, ASEAN must leverage its diplomatic weight to restore international law vis-à-vis the Hormuz strait before power politics dictates the world's most vital waterway.
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