Trends - Oil - Business Recorder

Markets

Oil heads for first weekly gain in three as US-Iran tensions rise

Brent crude futures edged down 19 cents, or 0.3%, to $71.47
US West Texas Intermediate crude declined by 13 cents, or 0.2%, to $66.30

Updated 20 Feb, 2026 02:22pm

Markets

Oil prices rise 2pc to six-month high

NEW YORK: Oil prices rose about 2percent on Thursday to their highest in six months, as traders worried about...

Published 20 Feb, 2026 05:29am

Markets

Oil prices rise 2% to six-month high on concern over potential US-Iran conflict

Brent futures were up $1.23, or 1.8%, to $71.58 a barrel

Updated 19 Feb, 2026 10:13pm

Markets

Oil rises 4pc

HOUSTON: Oil prices rose by more than 4 percent on Wednesday as traders priced in potential supply disruptions amid...

Published 19 Feb, 2026 04:34am

Opinion

‘Trump’s naval push towards Iran’

This is apropos a letter to the Editor titled ‘Trump’s naval push towards Iran’ carried by the newspaper on...

Updated 10 Feb, 2026 07:08am

Markets

Oil pauses as investors eye US-Iran talks

Brent crude futures rose 7 cents, or 0.1%, to $67.62 a barrel
US WTI crude was also up 7 cents, or 0.1%, at $63.36 a barrel

Updated 06 Feb, 2026 05:13pm

Markets

Oil falls 3% on easing supply concerns after US, Iran agree to talks

Brent crude futures were down $2.33, or 3.35%, at $67.13 per barrel
US WTI crude was down $2.23, or 3.42%, at $62.91

Updated 05 Feb, 2026 09:40pm

Markets

Oil steadies as investors weigh supply, possible US-Iran de-escalation

Brent crude futures gained 17 cents to $66.47 per barrel

Updated 03 Feb, 2026 07:22pm

Markets

Oil falls 5pc on US-Iran de-escalation

NEW YORK: Oil prices fell 5 percent on Monday after US President Donald Trump said Iran was “seriously talking” with...

Published 03 Feb, 2026 06:05am

Markets

Oil prices fall sharply on US-Iran de-escalation

Brent crude futures were down $3.34, or 4.8%, at $65.98 per barrel

Published 02 Feb, 2026 04:52pm

Markets

Indian Oil, Vitol venture talks hit snag over some terms, sources say

IOC was expecting the proposed joint venture to handle a fraction of its overall imports

Published 02 Feb, 2026 03:54pm

Print

Trump says he welcomes Chinese investment in Venezuelan oil

WASHINGTON: US President Donald Trump said Saturday he would “welcome” Chinese investment in Venezuela’s oil...

Published 02 Feb, 2026 03:57am

Markets

Brent crude nears six-month high on Iran attack concerns

Brent crude futures up $2.61, or 3.8%, to $71.01 a barrel at 1404 GMT

Updated 29 Jan, 2026 07:50pm

Markets

Oil prices hover around four-month high

NEW YORK: Oil prices rose to their highest since late September on Wednesday after a winter storm disrupted US crude...

Published 29 Jan, 2026 05:59am

Markets

Oil prices hover around four-month high, buoyed by weak dollar and outages

Brent crude futures ticked up 38 cents, or 0.6%, at $67.95 a barrel

Updated 28 Jan, 2026 06:31pm

Markets

Oil futures surge more than USD1 a barrel

HOUSTON: Oil prices rose by more than USD1 a barrel on Tuesday as producers reeled from a winter storm that hobbled...

Published 28 Jan, 2026 05:34am

Markets

Oil jumps over 1% on US storm disruption, Kazakh oilfield’s slow restart

Brent crude futures were up 90 cents or 1.4%, at $66.49 a barrel

Updated 27 Jan, 2026 07:33pm

Markets

Oil prices steady as end of European outages counters US disruption

LONDON: Oil prices steadied on Monday after climbing more than 2 percent in the previous session on output...

Published 27 Jan, 2026 05:11am

Markets

US allows China to purchase Venezuelan oil but not at ‘undercut’ prices of Maduro days, official says

The US will control Venezuela's oil sales, ensuring majority oil is sold to the US at fair prices

Published 22 Jan, 2026 11:43pm

Markets

Oil slips as Trump tones down threats against Greenland and Iran

Brent crude was down $1.07 cents, or 1.6%, at $64.17 a barrel

Updated 22 Jan, 2026 04:37pm

Markets

Oil prices dip on supply build expectations, Greenland tension

Brent futures were down 12 cents, or 0.2%, to $64.80 a barrel

Updated 21 Jan, 2026 04:56pm

Markets

Oil steadies as investors assess US tariff threats over Greenland

Brent futures for March gained 23 cents, or 0.36%, at $64.17 a barrel

Updated 20 Jan, 2026 05:26pm

Markets

Oil steadies as Iran supply fears ease

CALGARY: Oil prices steadied on Monday as civil unrest in Iran subsided, reducing the likelihood of a US attack that...

Published 20 Jan, 2026 06:03am

Markets

Oil steadies as Iran supply fears ease and Greenland moves into spotlight

Brent crude was down 32 cents at $63.81

Updated 19 Jan, 2026 09:04pm

Markets

Sanctioned Serbian oil refinery resumes production

BELGRADE: Serbia’s sole refinery, majority owned by Russian companies, resumed its work on Sunday due to a...

Published 19 Jan, 2026 05:15am

Print

Line fill financing cost: OCAC urges Ogra to review existing recovery methodology

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has requested Oil & Gas Regulatory Authority (Ogra) to...

Published 19 Jan, 2026 05:15am

Markets

Oil prices rise 1% as supply risks remain in focus

Brent crude was up 84 cents, or 1.3%, to $64.60 a barrel

Updated 16 Jan, 2026 07:27pm

Markets

Oil falls after Trump comments ease Iran fears

HOUSTON: Oil prices fell around 4 percent and were poised to end a five-day streak of gains on Thursday after US...

Published 16 Jan, 2026 05:52am

Markets

Oil plunges after Trump comments ease Iran fears

Brent futures were down $2.19, or 3.3%, at $64.33 a barrel

Updated 15 Jan, 2026 07:04pm

Markets

Oil climbs as Iranian supply concerns overshadow unexpected build in US stockpiles

NEW YORK: Oil prices rose on Wednesday for a fifth straight session on fears of Iranian supply disruptions due to a...

Published 15 Jan, 2026 06:06am