Oil climbs as Saudi pipeline outage, fresh attacks heighten supply concerns
BEIJING: Oil prices rose nearly 2% on Tuesday as concerns over supply disruptions lingered after attacks on Saudi Arabian energy infrastructure left the kingdom's East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf.
Oil markets survived the Iran war sprint. Now comes the marathon
THE widening of the Mideast conflict into Yemen and drone strikes on a critical Saudi oil pipeline highlight an uncomfortable reality: the Iran war is no longer a short-lived energy supply shock, but a prolonged, unpredictable test of global economic endurance.
Supply squeeze likely to support oil price upside
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research has maintained its bullish outlook for crude oil prices, driven by worsening supply bottlenecks and Middle East geopolitical tensions.
The high oil price dilemma
PETALING JAYA: Consumers may be shielded from higher fuel prices at the pump, but elevated crude oil prices resulting from the latest Middle East conflict could still filter through the economy, pushing up prices as businesses manage rising costs.
Oil prices up over 3% following new strikes on Saudi, Strait of Hormuz
SINGAPORE: Oil prices rose more than 3% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline.
Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz
BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline.
CPO prices likely to hold above RM4,000
PETALING JAYA: Crude palm oil (CPO) prices are expected to remain firm in the coming months despite rising palm oil inventories, as stronger energy prices, biodiesel demand and growing weather risks provide a floor for prices, analysts say.
Gold on track for third straight weekly loss as US inflation data looms
GOLD prices headed for a third consecutive weekly fall, despite edging higher on Friday, as market expectations for a Federal Reserve interest rate hike strengthened, while traders awaited a key U.S. inflation report later in the day.
Oil prices set to end week over US$100 for first time in nearly 4 months
SINGAPORE: Oil prices rose on Friday and both major benchmarks are on track to end the week at over $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies.
Oil jumps over 6% on more tanker attacks
Oil prices jumped more than 6% on Thursday, with both major benchmarks trading at over US$100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies.
