Oil Price

Aramco reports $26 bn profit in Q1, down 4.6% on lower oil prices

Saudi Arabia's state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year. Aramco, formally known as the Saudi Arabian Oil Co, had revenues of $108.1 billion over the quarter, the company reported in a filing on Riyadh's Tadawul stock exchange. The company saw $107.2 billion in revenues and profits of $27.2 billion the same quarter last year. Aramco's stock traded over $6 a share Thursday, down from a high of around $8 last year. It has dropped over the past year as oil prices have dipped, and in recent months, as the OPEC+ oil cartel announced restoring production more rapidly and as uncertainty driven by US tariffs has rippled through Middle Eastern markets. Benchmark Brent crude traded Friday at over $63 a barrel, down from highs of over $80 in the last year.

Oil up $1 as US imposes new sanctions on Chinese buyers of Iranian crude

Brent crude futures rose $1.06, or 1.64%, to $65.73 a barrel by 12:18 p.m. EDT (1618 GMT) while US West Texas Intermediate crude rose $1.02, or 1.66%, to $62.35

Crude oil may bounce to $72 in short-term; long-term view bearish: Analyst

Oil prices have recorded seven straight weekly declines since Donald Trump took office on January 20

Oil posts weekly losses as US ready to impose tariffs on Canada, Mexico

Trump will include a process for Canada and Mexico to seek specific exemptions for certain imports, adding that new tariffs would become effective on March 1

Oil prices fall marginally as Hurricane Rafael expected to start weakening

Hurricane Rafael, which has caused 391,214 barrels per day of US crude oil production to be shut, is expected to move slowly

Crude oil can hit low $60s by 2025-end despite geopolitical conflict

Oil price outlook: Given the low level of oil inventories, there could be a sustained geopolitical premium in crude price until the conflict is resolved in the short-term

Oil prices slide more than $2 as investors digest weak US job data

U.S. job growth slowed more than expected in July as unemployment increased to 4.3 per cent, pointing to possible weakness in the labor market and greater vulnerability to recession

Crude oil strategy for Budget 2024 day: WTI eyes breakout, next target: $82

Budget 2024-25: How to trade WTI crude oil today? Find out strategy, key levels here

Stocks, Gold, Bitcoin: Where should you invest for the rest of 2024?

Stock market strategy: Equities, analysts said, have priced-in most positives and are likely to adjust to the fundamentals now with growth in earnings needed to justify high valuations

Sebi removes NSDL IPO from abeyance; Oil drops close to July low

Inox India's and Stanley's IPO comprise secondary share sale of 22.11 million and 9.13 million shares, respectively

Saudi Aramco forecast to cut oil price to Asia as competition heats up

The state-owned Saudi Arabian producer will reduce the official selling price of Arab Light by $1.05 a barrel for January from the previous month, according to the median estimate

Broader markets witness fresh turbulence amid Israel-Hamas conflict

This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent

War in Ukraine: How one year of conflict changed geopolitics and economics

Friday marks the one-year anniversary of the Russia-Ukraine war, have a look at how the conflict that nobody believed would last this long changed the world

Oil prices set to end turbulent 2022 with second straight annual gain

Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia's invasion of Ukraine sparked supply concerns

Oil rises in thin trade on concerns over winter storm impact across US

Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $80.41 a barrel, up 85 cents, or 1.1%

European sanctions on Russian oil lead to a traffic jam on Turkey's coast

The government in Ankara is insisting the ships have a letter from their insurer guaranteeing cover while in Turkish waters -- something that's yet to happen

Proposed G7 oil price cap to have little immediate impact on Russia

G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues

Opec raises long-term oil demand view, calls for $12.1 trillion investment

"Oil is expected to remain the number one fuel in the global primary energy mix," the report said

Africa shows how hard it's becoming to pump crude oil: Report

Crude production in western Africa has fallen by one-third since 2010 and is expected to drop again this year

Oil prices dip amid recession fears, weak demand but supply cuts support

Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.