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Commodities
Oil up 1% on Tuesday
Oil prices edged up around 1 per cent on Tuesday, recovering from a near four-year low after a steep selloff…
China rejects US ‘blackmail’ as global trade tensions escalate
China has rejected what it called "blackmail" by the US, as the global trade war triggered by President Donald…
Libya to offer 22 oil blocks in 1st bidding round since 2007
Libya plans to offer 22 oil exploration and development blocks—equally divided between onshore and offshore…
Egypt raises wheat procurement price, launches support package for farmers
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, has made the wheat crop a top priority,…
Oil down on Monday
Oil prices extended last week's losses on Monday, with West Texas Intermediate (WTI) crude, a key US benchmark,…
Goldman Sachs cuts ’26 oil price forecasts
Goldman Sachs has lowered its 2026 average price forecasts for Brent and West Texas Intermediate (WTI) crude by $4,…
S. Arabia cuts oil prices to Asia
Saudi Arabia lowered May crude oil prices for Asian buyers to a four-month low after OPEC+ unexpectedly announced…
OPEC+ reaffirms commitment to market stability with production adjustment
OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to…
OPEC+ accelerates oil output hike, driving prices lower
OPEC+ unexpectedly announced a larger-than-planned oil production increase of 411,000 barrels per day in May,…
Oil falls 3% on Thursday
Oil prices fell over 3 percent on Thursday after US President Donald Trump announced new tariffs, sparking concerns…
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