Oil prices

Extreme weather takes oil high

Extreme weather takes oil high

As extreme weather grips the American state of Texas which plunged into darkness amid rising demand for electricity,...
Published 17 Feb, 2021 07:35am
Oil hits 13-month highs as market re-balances
Markets

Oil hits 13-month highs as market re-balances

  • Prices rally as producers rein in supply.
  • Brent, WTI hit highest levels since January 2020.
  • US stimulus hopes, tighter supplies support rally.
  • Possible strike could hit Norway's crude production.
Published 15 Feb, 2021 07:12pm
Tokyo rubber futures fall
Markets

Tokyo rubber futures fall

TOKYO: Japanese rubber futures fell on Friday after Sino-US tensions prompted selling and as a pullback in oil ...
Published 13 Feb, 2021 04:11am
Oil edges higher but demand fears set in
Markets

Oil edges higher but demand fears set in

  • Brent crude was up 29 cents, or 0.5%, at $61.43 a barrel.
  • Prices have risen over recent weeks partly owing to oil production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and other producers in the group known as OPEC+.
Published 12 Feb, 2021 09:02pm
Oil drops after strong rally, demand hopes limit losses
Markets

Oil drops after strong rally, demand hopes limit losses

  • Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign US inflation data and a very dovish outlook from the Federal Reserve.
Published 11 Feb, 2021 10:02am
North Dakota oil prices surge and output stalls as pipeline's fate awaited
Markets

North Dakota oil prices surge and output stalls as pipeline's fate awaited

  • The deal with Atlas Crest Investment Corp, announced on Wednesday, is expected to provide $1.1 billion of proceeds to the company which makes electric aircraft with vertical take-off and landing.
  • Separately, United Airlines said it would buy $1 billion of Archer's aircraft, with an option to buy an additional $500 million of aircraft, as part of its decarbonization efforts.
Published 10 Feb, 2021 06:29pm
Tokyo rubber futures rise
Markets

Tokyo rubber futures rise

TOKYO: Japanese rubber futures reached a three-week high on Monday, extending gains for a third straight session, as...
Published 09 Feb, 2021 04:43am