The Business Times

Opec

Energy & Commodities

Oil up 1% as Middle East tension offsets large US crude stocks build

[NEW YORK] Oil prices gained about 1 per cent on Wednesday, as investors worried about escalating tensions between Iran and the US, which were preparing to resume negotiations, while a weekly report s...

Brent futures fell 24 cents, or 0.3 per cent, to settle at US$68.80 a barrel on Tuesday.
Energy & Commodities

Oil prices steady as Iran-US tensions and US data eyed

[NEW YORK] Oil prices were little changed on Tuesday as the market waited for direction from news on diplomatic relations between the US and Iran, efforts to end Russia’s war in Ukraine and data on th...

Brent crude oil futures settled up 99 cents, or 1.5 per cent, at US$69.04 a barrel on Monday.
Energy & Commodities

Oil settles up more than 1% after US urges caution for vessels near Iran

[NEW YORK] Oil prices settled more than 1 per cent higher on Monday after the US Department of Transportation issued an advisory to US-flagged vessels to stay as far as possible from Iranian territory...

Brent crude futures fell 49 cents, or 0.72 per cent, to US$67.56 a barrel by 0134 GMT on Monday.
Energy & Commodities

Oil drops as US, Iran pledge to continue talks

[SINGAPORE] Oil prices fell on Monday after the US and Iran pledged to continue talks over the Middle Eastern producer’s nuclear programme, easing concerns about a possible conflict that could disrupt...

Brent crude futures settled lower at US$1.91, or 2.75 per cent, at US$67.55 per barrel.
Energy & Commodities

Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks

[HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies.

Iran was the third-biggest Opec crude producer in 2025, according to US Energy Information Administration data.
Global Enterprise

Oil prices climb 2% after US shoots down Iranian drone, worries about armed boats

[NEW YORK] Oil prices climbed about 2 per cent on Tuesday after the US shot down an Iranian drone approaching a US aircraft carrier and armed boats approached a US-flagged vessel in the Strait of Horm...

Iran and the US will resume nuclear talks on Friday, officials from both countries told Reuters.
Energy & Commodities

Oil settles down over 4% on US-Iran de-escalation, easing supply worries

[NEW YORK] Oil prices fell more than US$3 per barrel on Monday after US President Donald Trump said Iran was “seriously talking” with Washington, signaling a de-escalation of tensions with the Opec me...

Brent crude futures were down US$2, or 2.9 per cent, to US$67.28 per barrel at 0100 GMT on Monday.
Energy & Commodities

Oil prices fall by 3% on US-Iran de-escalation

[TOKYO] Oil prices fell 3 per cent on Monday as US President Donald Trump said over the weekend Iran was “seriously talking” with Washington, signalling de-escalation with an Opec member after risks o...

The meeting of eight Opec+ members took place as Brent crude closed near US$70 a barrel on Friday, close to the six-month high of US$71.89 it hit on Thursday.
Energy & Commodities

Opec+ agrees to keep oil output unchanged as Iran tensions boost prices

They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand.

Brent futures rose US$2.31, or 3.4 per cent, to settle at US$70.71 a barrel, while US West Texas Intermediate gained US$2.21, or 3.5 per cent, to settle at US$65.42 on Thursday.
Energy & Commodities

Oil prices surge 3% to five-month high on worries US could attack Iran

Iran is the third-biggest crude producer in Opec

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