for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Key Benchmarks

IndexLastChangeChange %
4,410.000.000.00%
2,925.25+24.24+0.84%
237.680.000.00%

Commodities Futures

FutureExpireLastChangeChange %
$84.36+0.60+0.72%
$86.18+0.65+0.76%
--$31.12-0.86-2.69%
$2.49+0.01+0.48%
--$58,090.00-310.00-0.53%
$6,342.00+59.00+0.94%
$735.50+3.25+0.44%
--$75,250.000.000.00%
$2.55+0.01+0.56%
$5.56+0.28+5.27%
$232.13+12.91+5.89%
--$75,800.00-210.00-0.28%

Advertisement

Top Stories

1/10
Sudan halts entry of fuel vessels into its waters to avoid fines, energy min tells Asharq TV

Sudan decided to halt the entry of vessels carrying fuel into its territorial waters to avoid incurring fines due to delays in offloading, Asharq TV channel cited the country's energy minister as saying on Sunday.

Bahrain aims to reach net zero carbon emissions in 2060 - BNA

Bahrain's Cabinet said the Gulf country aims to reach net zero carbon emissions in 2060, to help tackle climate change and protect the environment, the state news agency (BNA) reported on Sunday.

Oil prices extend gains to multi-year highs on tight supply

Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.

Twin peaks: Whether it's supply or demand, oil era heads for crunch time

Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than anticipated accompanied by wild price spikes.

Latest News

Sweden's SSAB sees strong steel demand as profit beats forecasts

Steelmaker SSAB on Monday reported third-quarter earnings above forecasts helped by surging steel prices and said it expected demand to remain good during the final months of 2021, even if it injected a note of caution about development in Europe.

Saudi SABIC targets carbon neutrality by 2050 - statement

Petrochemicals giant Saudi Basic Industries Corp (SABIC) announced plans on Saturday to meet carbon neutrality by 2050, the company said in a statement on the sidelines of the Saudi Green Initiative summit.

Gazprom may cut off gas to Moldova if contract not signed by December

Gazprom will suspend gas exports to Moldova if it does not get payment for previous supplies and no contract for December is signed, the Interfax news agency quoted the Russian gas giant as saying on Saturday.

Aramco aims for net zero emissions from operations by 2050, CEO says

Saudi Aramco aims to achieve net zero emissions from its operations by 2050 while also expanding its maximum sustained production capacity to 13 million barrels per day, Chief Executive Amin Nasser said on Saturday.

TotalEnergies CEO says gas price spike unlikely to be sustained

The chief executive of French company TotalEnergies said on Saturday the recent gas price spike had been caused by a strong demand rebound post COVID-19 and prices were likely to stabilise after winter.

China's steel group says must ensure supply, control price in volatile market

The China Iron and Steel Association (CISA) said on Saturday that industry players must ensure supply, while keeping prices stable in what is a "complex, volatile, unstable and uncertain market situation."

Pragmatic approach needed for climate action, oil and gas remain important, says ADNOC CEO

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber on Saturday stressed the importance of oil and gas in meeting energy requirements and said climate action should not be an economic burden on developing nations.

U.S. appeals court hints at support for Rio's Resolution copper mine

A U.S. appeals court on Friday questioned whether it had the power to override an act of Congress that gave Rio Tinto Ltd land in Arizona for its Resolution copper mine, which has been challenged by Native Americans. "It'd be nice if Congress or someone would make more sense...

U.S. FERC's Glick urges Northeast generators to buy fuel before winter

U.S. Federal Energy Regulatory Commissioner (FERC) Richard Glick on Friday urged power generators in the Northeast to buy enough fuel for the winter as global supply shortfalls have caused oil and gas prices to soar.

Oil hovers below recent highs; ends week up

Oil traded just below multi-year highs on Friday with bullish sentiment about low supplies tamped by concerns from world leaders that demand disruptions from the COVID-19 pandemic may not be over.

Venture Global seeks U.S. OK to start commissioning La. Calcasieu LNG

U.S. liquefied natural gas company Venture Global LNG asked federal regulators on Friday for permission to start commissioning liquefaction systems at the company's Calcasieu Pass LNG export plant in Louisiana.

Truckers in Brazil disband blockade after provoking fuel shortages

Truckers blockading a major refinery in the Brazilian state of Minas Gerais disbanded on Friday, allowing fuel supplies to normalize in the nation's second most populous state.

Exclusive-Citgo boards in last-ditch talks with Washington to keep creditors at bay

The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington's protection while Citgo pursues negotiations with creditors...

U.S. oil & gas rig count falls for first week in seven -Baker Hughes

U.S. energy firms this week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose to fresh seven year highs.

Indian refiners' September crude processing ticks up on firm demand

Indian refiners' crude oil throughput in September edged higher from the previous month, government data showed on Friday, as refineries boosted output to meet surging demand.

Ukraine offers to increase gas transit to Europe

Ukraine is ready to increase its gas transit to Europe by 55 bcm and is also ready to meet a request to pump more gas to Moldova to plug shortfalls there, Oleksiy Danilov, secretary of the security and defence council, told a briefing on Friday.

'Containergeddon' drives sugar, rice shippers back to bulk vessels

Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion that the industry is calling "containergeddon", according to traders.

Operations at Mexican oil refinery resumed this week -source

Operations at Mexican national oil company Pemex's Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with knowledge of the matter told Reuters on Friday.

Japan aims for 36-38% of energy to come from renewables by 2030

Japan has set an ambitious target for renewable energy in the nation's electricity mix by 2030 as it aims to tackle climate change and achieve its 2050 carbon neutral goal.

EU in talks with China on magnesium shortages

The European Commission is holding talks with China to ease severe shortages of magnesium, it said on Friday, after industry groups warned of potential plant shutdowns that could hit millions of jobs.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up