Global Oil Price

EXPLAINER / What impact can the Israel/Hamas war have on oil?

A war between Islamist group Hamas and Israel poses one of the most significant geopolitical risks to oil markets since Russia's invasion of Ukraine last year.

Stocks tumble, oil jumps in shaky start to fourth quarter

The final quarter of the year got off to a shaky start on Monday, with world stocks languishing at their lowest levels since late 2020 - when the global economy was still reeling from the COVID-19 pandemic.

Oil plunges to 8-month low on strong dollar, recession fears

Oil prices plunged about 5 per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

Is civilisation in decline, clashing or rejuvenating?

Rising uncertainties are making global compromise and cooperation more unlikely

Oil prices climb over $2/bbl ahead of OPEC+ meeting

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day.

Oil prices edge higher on tight supply, firmer demand expectations

Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer.

Global oil price highest since 2008

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil.

October 15, 2023
October 15, 2023

What impact can the Israel/Hamas war have on oil?

A war between Islamist group Hamas and Israel poses one of the most significant geopolitical risks to oil markets since Russia's invasion of Ukraine last year.

October 3, 2022
October 3, 2022

Stocks tumble, oil jumps in shaky start to fourth quarter

The final quarter of the year got off to a shaky start on Monday, with world stocks languishing at their lowest levels since late 2020 - when the global economy was still reeling from the COVID-19 pandemic.

September 25, 2022
September 25, 2022

Oil plunges to 8-month low on strong dollar, recession fears

Oil prices plunged about 5 per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

September 8, 2022
September 8, 2022

Is civilisation in decline, clashing or rejuvenating?

Rising uncertainties are making global compromise and cooperation more unlikely

September 5, 2022
September 5, 2022

Oil prices climb over $2/bbl ahead of OPEC+ meeting

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day.

May 25, 2022
May 25, 2022

Oil prices edge higher on tight supply, firmer demand expectations

Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer.

March 7, 2022
March 7, 2022

Global oil price highest since 2008

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil.

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