oil prices

Saudi Aramco cut November crude prices for Asian buyers to their lowest levels in six years, as record freight costs and regional disruptions reshape oil flows

IEA chief Fatih Birol says oil prices have begun to fall after a coordinated decision to release 100 million barrels of oil and fuel reserves

Brent crude futures were down $1.69, or 1.55 per cent, at $107.06 a barrel by 1128 GMT, while US West Texas Intermediate futures were down $2.6, or 2.46 per cent, at $103.23 a barrel

An overwhelming majority of 68 out of 72 economists polled by Reuters had forecast that the RBI will stand pat on its benchmark interest rates

Oil prices tumbled more than 6 per cent on Monday, raising hopes of a diplomatic solution to de-escalate the conflict surrounding the Strait of Hormuz

Morgan Stanley said it now models an implied global oil market surplus of 4.8 million barrels per day in 2027

US and Iranian officials were considering returning to Pakistan for further talks as early as the coming weekend. Pakistan’s army chief arrived in Tehran on Wednesday as a mediator

The US and Iran have agreed to a two-week ceasefire, subject to Iran’s agreement to pause its blockade of oil and gas supplies through the Strait of Hormuz

Brent crude was up 9 cents, or 0.14 per cent, at $65.33 a barrel by 0320 GMT. West Texas Intermediate for March rose 13 cents, to $60.75 a barrel

US West Texas Intermediate crude futures rose 44 cents, or 0.72 per cent, to $61.94, after rising 8.9 per cent and 7.7 per cent in the previous week