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By Christian Moess Laursen Saudi Arabia's national oil company first-quarter profit fell and missed analysts' forecasts due to a lower volume of crude oil sold and weaker refining and...
Oil prices rose slightly as Saudi Arabia increased its June crude prices for key regions and the possibility of a Gaza ceasefire diminished, raising concerns about the Israel-Hamas conflict impacting the oil-producing region. Brent crude futures rose to $83.24 a barrel, and U.S. West Texas Intermediate crude futures reached $78.40 a barrel. Saudi Arabia's move to raise prices suggests strong demand expectations for the summer. Despite easing geopolitical tensions, last week saw the largest weekly decline in oil prices in three months due to weak U.S. jobs data and Fed rate cut speculation.
Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could...
By Giulia Petroni Top oil exporter Saudi Arabia raised the June price for its flagship Arab Light crude to Asian customers for the third consecutive month, signaling confidence in the demand...
SINGAPORE: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.