News

Global Oil Prices Rise Ahead of EPRA’s Fuel Prices Review
The Central Bank of Kenya (CBK) has revealed that global oil prices have risen ahead of the Energy and Petroleum Regulatory Authority (EPRA) July-August review. In its weekly Bulletin on Friday, July 11,
Oil prices rise on strong gasoline demand, Red Sea attacks
Oil prices rose on Wednesday as investors weighed strong U.S. gasoline demand data, attacks on shipping in the Red Sea, and a forecast for lower U.S. oil production. Brent crude futures were up 38 cents,
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Summer gas prices lowest since 2021 as weekly averages rise
The gas price average in Texas has only declined, reaching the lowest since 2021 while national averages grow every week.
Oil prices rise on strong demand signals ahead of OPEC+ decision
Expectations that Saudi Arabia will raise its August crude oil prices for buyers in Asia to a four-month high as well as firm premiums for Russian ESPO Blend crude oil were also supporting the notion of robust demand,
Oil Prices Rise on Seasonal Demand, Geopolitical Tensions
Oil prices were rising, with Brent crude up 0.4% at $68.91 a barrel, and WTI up 0.5% at $66.91 a barrel. Market fundamentals for oil remain fundamentally tight on bullish seasonal demand, while new Houthi attacks on cargo vessels transiting the Red Sea are adding a risk premium,
Oil Prices Hold Steady Amid Fresh Set Of Trump Tariffs, Rise In US Gasoline Demand
Crude oil prices held ground early on Thursday as investors assessed the impact of fresh tariffs imposed by President Donald Trump, amid a rise in U.S. gasoline demand. Uncertainties about global trade further heightened on Wednesday after Trump unveiled 50% tariffs on goods from Brazil,
UAE stocks rise as oil gains on IEA's market outlook
Stock markets in the United Arab Emirates rebounded on Friday, led by gains in oil prices, while U.S. tariffs and possible ...
BP says oil and gas production set to rise after renewing focus on fossil fuels
BP has said it expects to report higher oil and gas production for the second quarter, after the energy giant renewed its ...
Business Line4d
Crude oil prices fall as industry data shows increase in US inventories; copper futures rise post Trump tariff
The increase in the forecast is driven largely by higher near-term prices due to a more significant geopolitical risk ...
Devdiscourse6d
Trade Tensions Rise as Tariff Decision Looms
Asian stock markets and oil prices face uncertainty as the U.S. signals tariff changes without clarification. President Trump ...
Saudi oil exports to China to rise to over two-year high in August, sources say
SINGAPORE: Saudi Arabia's crude oil exports to China are set to rise to the highest in more than two years in August, five ...
Rediff Money2d
Cottonseed Oil Cake Futures Rise on Fresh Bets
Cottonseed oil cake futures prices rose on Friday due to increased demand and speculative trading. Prices increased by Rs 6 to Rs 3,190 per quintal on the National Commodity and Derivatives Exchange.
Oil Ticks Higher Amid Large U.S. Crude Build, Red Sea Tensions, Tariff Uncertainty
Oil prices edge higher in volatile trading as investors weigh a sharp rise in U.S. crude inventories and global trade risks against attacks on shipping in the Red Sea. Brent crude rises 0.4% to $70.45 ...
Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...