US July payrolls seen rising 80,000 after 57,000 gain in June* Money markets show traders split on whether Fed will raise rates next month* Brent falls as investors shrug off tensions, focus on Hormuz deal Global stocks headed for their strongest weekly gain since May on Friday, ahead of major US jobs data, as investor […]
Oil prices skidded, and stocks wobbled on Monday as hopes of a peace deal in the Middle East grew, while the yen jumped suddenly again after the U.S. and Japan confirmed joint intervention to prop up the frail currency. Crude oil prices tumbled more than 5% on Monday as markets reacted to signs of a […]
MUSCAT: Oman has launched the engineering, procurement and construction (EPC) tender process for the next phase of development of the Ras Markaz Crude Oil Park, inviting qualified Omani and international contractors to prequalify for one of the Sultanate of Oman’s largest oil storage infrastructure projects. The move advances the next phase of the Ras Markaz […]
SINGAPORE: The dollar slumped against its major peers in Asian trading on Monday after the U.S. paused its bombing campaign in Iran during the weekend, prompting a drop in oil prices and boosting global investor confidence. Against the yen, the U.S. dollar was down 0.2% at 163.585 yen, its biggest decline since July 10. The […]
LONDON — We’ve all been down this road before. President Donald Trump issues a blitz of punitive tariffs on allies and rivals, straining trade, rattling bond markets, raising prices and injecting more uncertainty into the global economy. The difference now is that the United States is at war with Iran, key trade and energy routes […]
Hong Kong: Brent crude hit its highest price on Monday since June due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war. Crude has surged over the past week as Washington and Tehran traded fire, raising fears of a […]
Side ENGALURU: Oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, as improving supply conditions in the Middle East eased market concerns. Brent crude futures for August delivery declined $1.28, or 1.74 per cent, to $72.46 a barrel by 0845 GMT. US West Texas Intermediate crude fell […]
London: Oil shipments through the Strait of Hormuz picked up on Friday after the United States and Iran signed a ceasefire deal, with Gulf producers preparing to raise exports despite concerns over conditions set by Tehran for using the vital waterway. Washington and Tehran released the text of an interim agreement signed on Wednesday to […]
LONDON: Oil prices fell almost 3 per cent on Thursday to their lowest since the first trading day of the Iran war, as a US-Iran interim deal to end the conflict, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.53, or 1.9%, at […]
Brent crude futures dove below $80 and are down more than a third from recent peaks following reports that the U.S. will waive sanctions on Iranian oil, under a deal to end the war. The prospect of extra supply added to optimism about the resumption of Middle East exports and helped push yields on U.S. […]
