Trends - asia oil - Business Recorder

Markets

Oil prices advance despite concern over more US tariffs

LONDON: Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S....

Updated 10 Feb, 2025 08:52pm

Markets

Saudi Arabia cuts December light crude prices for Asia

Top oil exporter Saudi Arabia has cut the price for the flagship Arab light crude it sells to Asia in December by 50...

Published 06 Nov, 2024 08:15am

Markets

Iran lowers July light crude oil price to Asia

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $2.60 a barrel above...

Published 24 Jun, 2024 11:40am

Markets

Saudi Arabia may cut July oil prices to Asia for first time in 5 months

SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may cut prices for most crude grades it sells to Asia in...

Published 29 May, 2024 11:14am

Markets

Asia’s collapsing refinery margins undermine bullish crude case: Russell

LAUNCESTON: There is an increasing disconnect between the forecasts for strong global oil demand growth this year,...

Published 18 Apr, 2023 11:30am

Markets

China and India keep Asia’s crude oil imports robust in March: Russell

LAUNCESTON: Asia’s imports of crude oil stayed at relatively robust levels in March, as strong inflows to the...

Published 06 Apr, 2023 10:47am

Markets

Russian sanctions shift oil price-making power to Asia from Europe

LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a...

Published 14 Mar, 2023 12:00pm

Markets

Asia diesel profits wane as China boosts exports, market adapts to Russia: Russell

LAUNCESTON: The profit for making diesel in Asia has dropped to the lowest in almost a year, a sign that the market...

Published 20 Feb, 2023 10:43am

Markets

Saudi Arabia may raise July crude oil prices for Asia

SINGAPORE: Top oil exporter Saudi Arabia may raise prices of all grades of crude it sells to Asia in July following...

Published 06 Jun, 2022 09:38am

Markets

Kuwait raises May crude prices to Asia to record levels

SINGAPORE: Kuwait has raised the official selling prices for two crude grades it sells to Asia in May to record...

Published 11 Apr, 2022 10:34am

Markets

Oil slips ahead of US jobs report

US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel

Published 03 Sep, 2021 09:57am

Markets

Brent oil may drop more to $70.47

It could be technically interpreted as a break below $71.86.

Published 01 Sep, 2021 09:29am

Markets

Brent oil may retest resistance at $73.58

The rise looks very slow and the correction triggered by $73.58 is too deep

Published 31 Aug, 2021 10:43am

Markets

US oil may retest resistance at $69.73

The surge on Aug. 27 confirmed an extension of the uptrend from the Aug. 23 low of $61.74

Published 30 Aug, 2021 10:45am

Markets

US oil may retest support at $66.96

The failures suggest the formation of a top around $68.35

Published 27 Aug, 2021 10:38am

Markets

Brent oil may retest support at $70.47

It represents a weak market sentiment that could drive the price further down

Published 27 Aug, 2021 10:35am

Markets

Brent oil may drop to $70.47

The divergence makes a break above a resistance at $71.86 doubtful

Published 26 Aug, 2021 11:00am

Markets

US oil may stabilise around $66.96 and rise

The current shallow correction is regarded as a pullback towards the former resistance at $66.96, now a support

Published 25 Aug, 2021 10:44am

Markets

Brent oil may test resistance at $71.86

Support is at $70.47, a break below which could cause a fall to $69.09

Published 25 Aug, 2021 10:41am

Markets

US oil may rise to $67.48

Oil could be rising towards the peak of a wave b at $69.62 or the peak of the wave (b) at $74.21

Published 24 Aug, 2021 11:03am

Markets

US oil may bounce to $64.01 before falling

The contract is riding on a wave c from $69.62, which is expected to travel to $60.54

Published 23 Aug, 2021 09:58am

Markets

Brent oil may bounce to $67.39 before falling

The bounce will have little impact on the steady downtrend, which may extend into $59.55-$62.01 range, as the wave c did not complete around $65.98

Published 23 Aug, 2021 09:56am

Markets

Oil rises but set for 5% weekly drop as Delta variant spreads

Broader investor risk aversion also weighed on oil with the US dollar jumping to a nine-month high on signs the US Federal Reserve is considering reducing stimulus this year

Published 20 Aug, 2021 12:09pm

Markets

Oil drops to below $66, lowest since May, on demand concerns

LONDON: Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker...

Updated 19 Aug, 2021 08:53pm

Markets

US oil may keep bouncing to $68.49

On the daily chart, oil failed to break a support at $66.44 again. Trending signals are rather mixed, as the tug of war between bulls and bears around $66.44 has not ended

Published 17 Aug, 2021 10:40am

Markets

Brent oil may bounce more to $70.95

The current wave c has briefly pierced above a resistance at $69.67

Published 17 Aug, 2021 10:34am

Markets

Brent oil may fall to $69.07

This relation, along with the deep fall from the Aug. 12 high of $71.90, suggests a completion of the bounce

Published 16 Aug, 2021 12:32pm

Markets

Oil prices slide as Chinese fuel demand falters

Brent crude was down 75 cents, or 1.1%, at $69.84 a barrel by 0442 GMT. US oil fell by 76 cents, or 1.1%, to $67.68 a barrel

Published 16 Aug, 2021 10:26am

Markets

US oil may retest resistance at $69.30

8 The contract could be riding on a wave (d), the fourth wave of a presumed wedge developing from the July 6 high of $76.98. Three smaller waves make up this wave

Published 13 Aug, 2021 11:41am

Markets

Brent oil may retest resistance at $71.85

Three smaller waves make up this wave. The current wave c has briefly travelled above its 76.4% projection level of $71.85. Chances are it may extend to $72.71

Published 13 Aug, 2021 11:38am