Showing 1 - 10 of 66
Trade and Middle East Conflicts Drive Oil Prices
Published on 25/06/2025
» From 1 April to 18 June 2025, ICE Brent crude oil prices declined by USD 5.68 per barrel compared to the previous quarter, averaging USD 69.28 per barrel. The drop followed an announcement by eight OPEC+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—to increase crude oil production from April to July 2025. The additional output, which totalled 1.37 million barrels per day, reversed earlier voluntary cuts. Saudi Arabia is now pushing for a full reinstatement of its 2.2 million barrels per day in voluntary cuts by September 2025 to regain global market share.
Stocks drop, gold and oil up as Israel hits Iran
Bloomberg News, Published on 13/06/2025
» SINGAPORE — Stocks fell along with equity-index futures and investors rushed to the safety of haven assets after Israel attacked Iran’s nuclear programme sites in a major escalation of tensions in the Middle East. Crude oil jumped 11%, the biggest move in more than three years.
Beijing warns nations not to cut US trade deals at China's expense
Bloomberg News, Published on 21/04/2025
» SINGAPORE - China warned countries against striking deals with the US that could hurt Beijing’s interests, upping the ante in the trade war with Washington and showing how others risk getting caught in the middle.
Global Oil Prices Drop Amid Economic and Geopolitical Pressures
Published on 12/12/2024
» Crude Oil Market Overview
Tech rebound supports Asian equities
Business, Nuntawun Polkuamdee, Published on 23/11/2024
» RECAP: Asian equities rose on Friday, with technology stocks in the region rebounding from a selloff that had been prompted by concerns over the revenue outlook for Nvidia Corp.
Gold prices tipped to keep rising this week
Business, Nuntawun Polkuamdee, Published on 29/10/2024
» The Gold Research Center (GRC) expects gold prices to continue to rise this week, driven by three key supporting factors: the ongoing crisis in the Middle East, expectations surrounding the Bank of Japan's (BoJ) monetary policy meeting, and persistent weakness in US economic indicators.
The final countdown
Business, Post Reporters, Published on 28/10/2024
» All eyes are on next week's US presidential election as the political and economic policies of the world's biggest economy impact every nation across the globe, including Thailand.
Thai businesses are concerned about effect on oil prices, shipping costs and the local currency
Business, Post Reporters, Published on 14/10/2024
» Amidst a stagnant domestic economy, geopolitical tensions in the Middle East are regarded as a crucial factor that could greatly impact the Thai private sector as the war between Israel and Hamas drags on for over a year with no end in sight.
Oil prices rise on US storm, fears of Israel-Iran conflict
Reuters, Published on 10/10/2024
» SINGAPORE - Oil prices rose on Thursday underpinned by a spike in fuel demand as a major storm barreled into Florida and concerns about potential supply disruptions in the Middle East amid heightened tensions between Israel and major oil producer Iran.
Oil price could hammer indebted fuel fund
Business, Yuthana Praiwan, Published on 07/10/2024
» Escalating tensions between Israel and Iran are expected to drive up global crude oil prices, affecting the Oil Fuel Fund Office's (Offo) debt repayment plan, says an official at the Energy Ministry.