Possibility of further US sanctions, tariffs on Russian oil buyers hangs over market

TOKYO, June 4 — Oil prices edged lower in early Asian trade on Wednesday, weighed down by a loosening supply-demand balance following increasing OPEC+ output and lingering concerns over the global economic outlook due to tariff tensions.

TOKYO, May 29 — Oil prices rose on Thursday after a United States (US) court blocked President Donald Trump's tariffs from taking effect, while the market was watching out for potential new US sanctions curbing Russian crude flows and an OPEC+ decision on hiking output in July.

NEW YORK, May 7 — Oil prices steadied on Wednesday after bouncing back from a sharp sell-off earlier in the week as investors turned their focus to United States (US)-China trade talks this weekend.

LONDON, May 6 — Oil gained more than US$1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent prices down in the previous session, although concerns about a market surplus persisted.

HOUSTON, April 8 — Oil prices ticked higher on Tuesday but remained near four-year lows as recession fears exacerbated by trade conflict between the United States (US) and China, the world's two biggest economies, offset a recovery in equity markets.

LONDON, April 3 — Oil prices declined on Thursday as the decision by the OPEC+ group to speed up its unwinding of oil output cuts in May compounded already-heavy losses following United States (US) President Donald Trump's announcement of sweeping new tariffs on Wednesday.

KUALA LUMPUR, Dec 26 — The ringgit finished stronger against the US dollar today, supported by rising oil prices which benefitted Malaysia as an oil exporter.

KUALA LUMPUR, Dec 24 — The ringgit maintained its upward trajectory to close higher against the United States (US) dollar and major currencies, mainly lifted by rising oil prices.

ISTANBUL, Oct 2 — Oil prices surged over two per cent on Wednesday following escalating tensions in the Middle East, as concerns grew that Iran's largest-ever military strike against Israel could lead to further conflict and disrupt crude oil production in the region, Anadolu Agency reported.

SINGAPORE, Aug 5 — Oil prices hovered at eight-month lows today as fears of a recession in the United States, the world’s top oil consumer, offset concerns that escalating tensions in the Middle East may affect supplies from the largest producing region.

LONDON, July 26 — Oil prices slipped today and were on track for a third consecutive weekly decline, pressured by muted demand in China and hopes of a Gaza ceasefire deal that could ease Middle East tensions and accompanying supply concerns.

LONDON, July 10 — Oil prices rebounded today following three days of declines after an industry report showed the United States' (US) crude and fuel stockpiles falling last week, indicating steady demand and the outlook for interest rate cuts improved.

ANKARA, June 12 — Oil prices rose today due to a strong demand outlook in the United States (US), the world's largest oil consumer, and ongoing uncertainties regarding the timing of the US Federal Reserve's (US Fed) interest rate cut, reported Anadolu Agency.

NIBONG TEBAL, June 10 — Twelve Malaysian companies have been listed among the 15 top-performing companies in Southeast Asia in the first five months of this year, according to Economy Minister Rafizi Ramli.

LONDON, May 29 — Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak summer demand season.

TOKYO, April 12 — Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil-producing region.

TOKYO, March 8 — Oil prices rose on Friday, driven by growing demand in the United States and China, the world's biggest oil consumers, and as the US Federal Reserve gave a positive signal on possibility of rate cuts.

BENGALURU, Nov 3 — Oil prices gained more than US$2 a barrel on Thursday, breaking a three-day declining streak as risk appetite returned to financial markets a day after the United States' (US) Federal Reserve kept benchmark interest rates on hold.

LONDON, Nov 2 — Oil gained one per cent today to snap its three-day decline, as risk appetite returned to financial markets after the United States (US) Federal Reserve kept benchmark interest rates on hold.