World Business News
Oil Jumps $3 on Houthi Claims of Saudi Energy Attacks
Brent rose US$3.06 to US$95.82 after Houthis claimed attacks on Saudi energy sites and tankers were reported hit near Hormuz.
Category: Brent
World Business News
Oil Falls to Lowest Since August on Iran De-escalation Hopes
Brent crude slid to its lowest since late August after Trump downplayed new strikes on Iran, easing inflation fears and lifting Asian stocks.
World Business News
Iran War Cost Each US Household Nearly US$2,000, Zandi Estimates
The Iran war has cost the average US household nearly US$2,000, mostly through higher energy and transport costs, Moody's Analytics' Mark Zandi estimates, as…
World Business News
Aramco Q3 Profit Jumps 34.5% as War Lifts Oil Prices
Saudi Aramco's third-quarter net profit rose 34.5% to US$36.25 billion on higher oil prices and a gain from selling its Malaysian PRefChem stake to…
World Business News
Oil Slides on Hormuz Deal Hopes as Goldman Lifts Brent Forecast
Oil prices fell sharply on Monday on hopes of a US-Iran deal to reopen the Strait of Hormuz, even as Goldman Sachs raised its…
Stocks and Markets
AI Jitters and Oil Surge Hit Global Stocks
Global stocks fell as AI trade weakened and oil prices surged, with US tech shares and Asian markets leading declines.
War
Brent Crude Rises as Hormuz Talks Stall and US Diesel Policy Looms
Brent crude rises to $105 as Hormuz talks stall and US considers diesel export ban, tightening global energy markets.
Stocks and Markets
Global Equities Stagnate as US Treasury Yields and Crude Oil Surge
Wall Street closed flat as 10-year US Treasury yields hit 5.22% and Brent crude climbed past US$106.77/bbl.
oil and gas
Energy shock deepens as central banks tighten on rising inflationary risks
US retail diesel prices hit $6.50, central banks tighten policies amid inflation concerns, and the Trump-Xi summit looms.
Airlines
MAG Faces RM7.5 Billion Cost Surge Amid Fuel Shock
MAG warns of RM7.5b cost surge from fuel prices, trims flights and raises fares as global airlines face similar pressures.
oil and gas
US-Venezuela oil deal: A major opportunity, but a long road to recovery
A US-Venezuela oil deal may reshape production long-term but faces political risks; recovery is expected to be gradual and brownfield-led.
oil and gas
Gasoline, diesel and jet fuel stocks at historically low levels
US crude oil prices fell over $2 per barrel due to a significant stock build, impacting refined product supply globally.
oil and gas
Oil & Gas: Rising Dual Chokepoint Risks
Renewed US-Iran tensions have decreased vessel traffic in the Strait of Hormuz, impacting oil prices and export risks for Saudi Arabia.
oil and gas
Saudi Arabia Reroutes Oil via Red Sea Pipelines to Bypass Blockades
Overland pipelines help bypass Gulf blockades, but shipping delays and rising costs continue to strain Saudi exports.
oil and gas
Oil Market Faces New Phase of Recovery Risks
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and draining global buffers.
oil and gas
Red Sea and Hormuz Chokepoints Pressure Global Oil Supplies
Oil supply routes face mounting pressure as Houthi threats disrupt Red Sea shipments and attacks target Strait of Hormuz transits.