Commodities Market News - International Business Times, Singapore

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Crude Prices Rise Over Supply Deficit Concerns, Recovery in China Demand

Brent crude futures rose 71 cents, or 0.8%, to $94.64 a barrel by 0622 GMT while U.S. West Texas Intermediate crude futures were at $91.55...

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Oil Price Outlook: Major Producers to Keep Supplies Tight Amid Increase in US Output

Brent crude futures for November traded down 3 cents at $88.52 a barrel by 0648 GMT.

EU Concerned Over Rising Petroleum Products Made of Russian Crude Entering European Markets

The EU executive vice president Valdis Dombrovskis said that oil products processed from Russian crude oil are reaching...

Saudi Aramco Second Quarter Profit Plunges 38% Output Cuts Fail to Boost Crude Prices

In addition to lower crude prices, weaker refining and chemicals margins also pushed Aramco's profits down.

Saudi Arabia and Kuwait Claim Full Rights to Huge Persian Gulf Gas Field After Iran Plans Drilling

Kuwait and Saudi Arabia said on Thursday they have the full rights to conduct gas exploration in the gas field, which...

Shell Makes $5 Billion Profit in Q2; Climate Activists Stage Protest at London Headquarters

Shell, like other oil and gas majors, had hugely benefited last year from the bumper price surges in oil and gas in the...

Global Food Inflation Set to Soar as India Bans Rice Export

India is a key player in the global grains market, and accounts for a whopping 40 percent of the global rice trade.

Saudi Arabia, Russia Extend Oil Output Cuts to Boost Prices Amid Falling Demand

Monday's decision to enforce more cuts in August propped up crude oil prices.

Singapore joins IEA as SE Asia oil demand set to rise 80% by 2040

Opec Says Global Oil Demand Will Soar 23% by 2045 Despite the Rise of EV Industry

The Organization of the Petroleum Exporting Countries (OPEC) said on Monday that global oil demand is expected to zoom...

Oil Prices Rise as Concerns Over Russian Instability Roils Markets

Brent crude futures rose 95 cents, or 1.3%, to $74.80 a barrel by 2300 GMT on Sunday. U.S. West Texas Intermediate...

Oil Plunges 4% as Interest Rate Hikes Outweigh Lower US Oil Supplies

Brent futures settled down $2.98, or 3.9%, to $74.14 a barrel. U.S. West Texas Intermediate (WTI) crude futures were...

Will oil price stay higher after Opec-Russia output reduction?

Cracks Within Oil Cartel after Saudi Arabia Cuts Crude Output Further; Opec+ 'Hanging by a Thread'

Following the Saudi output cuts, US crude oil prices rose 2.4 percent to $73.47 per barrel and the Brent crude futures...

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OPEC+ Begins Meetings That May Agree Further Output Cuts

OPEC+, which groups the Organization of the Petroleum Exporting Countries and...

ExxonMobil Signals Massive Boost in its Shale Oil Output from Permian Basin

Exxon Mobil Chief Executive Darren Woods clarified that the company aims to...

Russia's Crude Exports Rise Above the Levels Before War as Western Sanctions Fail

Russia's seaborne crude oil exports stood at 3.5 million barrels per day in the...

Crude Prices Set to Rise; Saudi-Russian Output Strategy to Keep Hurting the US

Saudi Arabia, a close ally of the United States, has in the recent past,...

Saudi Oil Giant Aramco Reports Record Profit of $161 Billion for 2022

In 2022, Saudi Aramco's net income saw a 46.5-per cent increase compared to...

Malaysia jails 8 Indonesians for hijacking oil tanker last year

Dark Fleet of 600 Oil Tankers Carry Russian Crude Despite Western Sanctions - Report

Data shows that New Delhi and Beijing bought a record amount of crude oil from...

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018.

Iran Attacked Oil Tanker Operated by Israeli-Owned Company in Persian Gulf, Benjamin Netanyahu Says

The incident happened in the Arabian Sea, approximately 300 nautical miles off...

Tesla to Buy Out Sigma Lithium Corp? Shares of Battery Metals Miner Jump 21% on Speculation

Sigma is finishing construction of a hard rock lithium mine in Brazil that it...

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

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Commodities Market News - International Business Times, Singapore

Crude Prices Rise Over Supply Deficit Concerns, Recovery in China Demand

Oil Price Outlook: Major Producers to Keep Supplies Tight Amid Increase in US Output

EU Concerned Over Rising Petroleum Products Made of Russian Crude Entering European Markets

Saudi Aramco Second Quarter Profit Plunges 38% Output Cuts Fail to Boost Crude Prices

Saudi Arabia and Kuwait Claim Full Rights to Huge Persian Gulf Gas Field After Iran Plans Drilling

Shell Makes $5 Billion Profit in Q2; Climate Activists Stage Protest at London Headquarters

Global Food Inflation Set to Soar as India Bans Rice Export

Saudi Arabia, Russia Extend Oil Output Cuts to Boost Prices Amid Falling Demand

Opec Says Global Oil Demand Will Soar 23% by 2045 Despite the Rise of EV Industry

Oil Prices Rise as Concerns Over Russian Instability Roils Markets

Oil Plunges 4% as Interest Rate Hikes Outweigh Lower US Oil Supplies

Cracks Within Oil Cartel after Saudi Arabia Cuts Crude Output Further; Opec+ 'Hanging by a Thread'

OPEC+ Begins Meetings That May Agree Further Output Cuts

ExxonMobil Signals Massive Boost in its Shale Oil Output from Permian Basin

Russia's Crude Exports Rise Above the Levels Before War as Western Sanctions Fail

Crude Prices Set to Rise; Saudi-Russian Output Strategy to Keep Hurting the US

Saudi Oil Giant Aramco Reports Record Profit of $161 Billion for 2022

Dark Fleet of 600 Oil Tankers Carry Russian Crude Despite Western Sanctions - Report

Iran Attacked Oil Tanker Operated by Israeli-Owned Company in Persian Gulf, Benjamin Netanyahu Says

Tesla to Buy Out Sigma Lithium Corp? Shares of Battery Metals Miner Jump 21% on Speculation

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's