G7 to discuss joint release of emergency oil reserves, French source says
World 17:30 09/03/2026G7 finance ministers will on Monday discuss the possible release of emergency oil reserves, a French government source said, in response to surging oil prices resulting from the Middle East conflict.
Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover
World 14:05 07/03/2026Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base‑case forecast are rapidly growing further.
Global oil, gas shipping costs surge as Iran vows to close Strait of Hormuz
World 14:46 03/03/2026SINGAPORE - Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the U.S.-Iran conflict intensified after Tehran targeted ships passing through the Strait of Hormuz, according to shipping data and industry sources on Tuesday.
Asian stocks extend record rally while oil, dollar drift
World 12:36 06/01/2026TOKYO -- Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average (.DJI) hit an all-time peak.
OPEC+ pauses oil output hikes beyond December amid glut fears
World 17:25 03/11/2025OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers' group moderates plans to regain market share due to rising fears of a supply glut.
OPEC oil output rises further in September, survey finds
World 10:23 03/10/2025OPEC's oil output rose further in September after an OPEC+ agreement to raise production, a Reuters survey found on Thursday, mainly due to higher production by the United Arab Emirates and Saudi Arabia.
Top shipping players want overhaul of UN ship fuel emissions deal
World 14:59 21/09/2025LONDON/ATHENS - A group of top shipping companies including leading Greek players said on Thursday they want changes to a United Nations deal tabled for adoption in October that seeks to cut marine fuel emissions, adding complications to the draft accord after U.S. opposition.
India's ethanol drive imperils its push for edible oil self-sufficiency
World 15:33 12/08/2025NASHIK, India - India's drive to produce more ethanol is leading its farmers to switch away from growing oilseeds, undermining government efforts in the world's largest buyer of cooking oils to reduce costly imports.
OPEC+ agrees in principle to another large oil output hike, sources say
World 18:51 03/08/2025OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on Sunday as concerns mount over potential supply disruptions linked to Russia.
EnQuest to finalise $84 million Vietnam oilfield acquisition soon, CEO says
Economy 10:34 22/06/2025UK explorer EnQuest expects to complete the acquisition of Harbour Energy's business in Vietnam in the next month or two and plans to drill new wells to increase oil production there, CEO Amjad Bseisu said.
OPEC+ set to agree July oil output hike this week, sources say
World 10:26 28/05/2025OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase market share.
Asian countries look to buy more US energy to offset trade imbalance
World 10:41 21/04/2025SINGAPORE - Asian governments are looking to buy more U.S. oil and gas as they scramble to lower their trade surplus with Washington in hopes of easing their tariff burdens under President Donald Trump's sweeping new import duties.
