bent crude

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken 24 February, 2022. PHOTO: REUTERS/Dado Ruvic/Illustration
Global Economy

Oil price set to surge further on Iranian talks delays

Last week, the Brent benchmark rose 21% to close at $118.11 a barrel and US crude gained 26% to close at $115.68, levels not seen 2013 and 2008, respectively, as Russia struggled to sell oil amid...

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016. Photo :Reuters
Global Economy

Oil rises above $112 as Ukraine conflict offsets Iran supply hope

Photo: Collected
Global Economy

Oil rises to near $89 on Russia-Ukraine tension

An aerial view shows Shibushi National Petroleum Stockpiling Base in Kagoshima prefecture, Japan January 18, 2019, in this photo taken by Kyodo. Photo :Reuters
Global Economy

Oil prices slip after China cuts import quotas

Photo: Collected
Global Economy

Oil prices climb towards $80 on tight supply, stocks fall

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. Photo:Reuters
Global Economy

Oil falls a third day, Brent crude set for worst week since 1991