Oil climbs after touching six-week lows as China eyes reserves

Oil prices rose slightly on Thursday after dropping to six-week lows as investors wondered about how much crude major economies would release from their strategic reserves and how much that … Read More

Energy crunch: How high will oil prices climb?

Oil continued to climb on Monday with global benchmark Brent nearing $80 a barrel, its highest price since October 2018, as tight supply fuels a crude rally and demand in … Read More

Nord Stream 2 pipeline ‘dangerous geopolitical weapon’: Ukraine

Kyiv sees the soon-to-be-completed Nord Stream 2 pipeline carrying Russian gas to Europe and bypassing Ukraine as “a dangerous geopolitical weapon”, President Volodymyr Zelenskyy said. The Ukrainian leader was speaking … Read More

Oil posts longest run of losses since March as recovery sputters

Oil fell for a fourth day, marking its longest run of losses since March, pressured by a rising dollar and economic data illustrating the U.S. recovery’s uneven path. Futures declined … Read More

Saudi Aramco confirms data leak after reports of cyber ransom

Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom from the world’s most-valuable oil producer. “Aramco recently became aware of the indirect release of … Read More