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Iran war sends oil price soaring as Khamenei son takes charge
AFP, Published on 09/03/2026
» TEHRAN — The Iran war sent oil prices soaring on Monday after Tehran marked the appointment of its new supreme leader with a new barrage of missiles targeting Israel and the Gulf energy industry.
Oil prices fall after Opec+ postpones meeting
AFP, Published on 23/11/2023
» VIENNA - International oil prices fell Wednesday after a key ministerial meeting of the Organization of the Petroleum Exporting Countries (Opec) and its allies was pushed back from Sunday to Nov 30.
Global stocks edge higher but oil sinks
AFP, Published on 05/10/2023
» LONDON - Asian and European stocks rose on Thursday after modest Wall Street gains as investors kept a wary eye on US bond yields, while oil sank further on stubborn demand fears.
US stocks fall after latest Fed rate hike as oil prices slide
AFP, Published on 04/05/2023
» NEW YORK - Wall Street stocks declined along with the dollar after the Federal Reserve's latest interest rate hike Wednesday, while US oil prices slid below $70 a barrel amid recession worries.
Oil prices dive, Europe gas price hits lowest level since 2021
AFP, Published on 05/01/2023
» NEW YORK - Global oil prices plunged Wednesday over China demand concerns and European gas prices sank to their lowest levels since November 2021 as mild winter weather reduced needs.
Opec+ likely to maintain oil output levels
AFP, Published on 04/12/2022
» VIENNA: Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh sanctions against Moscow coming into force.
Gas crisis fears recede for now as Europe stockpiles
AFP, Published on 31/10/2022
» LONDON - With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency.
Opec+ expected to slash oil output
AFP, Published on 05/10/2022
» VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to 2 million barrels per day in a bid to prop up slumping prices.
OPEC+ to meet amid economic downturn fears
AFP, Published on 05/09/2022
» VIENNA: Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.
Fed attacks US inflation with another interest rate hike
AFP, Published on 28/07/2022
» WASHINGTON: The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are squeezing American families.