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View all search resultsoil-price
Markets 1 week ago
Iran says oil blockade will continue until attacks end, Trump threatens to hit harder
Iran's Revolutionary Guards said on Tuesday they would not allow "one liter of oil" to be shipped from the Middle East if US and Israeli attacks continue, prompting a warning from President Donald Trump that the US would hit Iran much harder if it blocked exports from the vital energy-producing region.
Middle East and Africa 1 week ago
Iran war sends oil prices soaring on supply fears
As Mojtaba Khamenei was appointed Iran's new leader, the benchmark price for a barrel of crude soared beyond $100 for the first time since Russia's invasion of Ukraine four years ago, prompting swift reactions across the world.
Markets 1 week ago
Shares slide, oil surges on risk of lengthy Middle East conflict
Share markets slid in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the US dollar in demand.
Regulations 1 week ago
PREMIUM
Fuel price hike in the cards if budget ‘can’t bear’ oil subsidy
Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending elsewhere, such as on the free meals program.
Markets 1 week ago
US weighs oil futures market action to combat price spikes, White House says
The US Treasury Department is expected to announce measures aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market, a senior White House official said.
Markets 1 week ago
Stocks set for tough week, oil eyes big gains as Middle East war rages
Asia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil prices were poised for their biggest jump in four years in a turbulent week for global markets as the conflict in the Middle East showed few signs of easing.
Companies 2 weeks ago
Airline stocks remain under pressure; Asian carriers see surge in demand, prices jump
Asian airline shares remained under pressure on Tuesday as the US and Israeli war against Iran escalated, with carriers closely monitoring fuel price spikes and many seeing a surge in bookings as passengers switch from Middle Eastern airlines.
