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.

MOSCOW, May 14 — The Organisation of the Petroleum Exporting Countries (OPEC) has kept its forecast for the global oil demand growth in 2025 unchanged at 1.3 million barrels per day (BPD) and expects it at the level of 105 million barrels per day, according to its new report released on Wednesday.

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.

MOSCOW, May 4 — Eight Opec+ countries that adhere to voluntary oil production cuts, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, will increase oil production by an additional 411,000 barrels per day in June from the level in May, according to an official communique by Opec released yesterday.

NEW YORK, April 4 — United States (US) tech heavyweights, banks and oil majors fell sharply on Friday after China retaliated to Trump's tariffs with steep duties, amplifying worries of a global economic downturn.

KUALA LUMPUR, March 22 — The ringgit is anticipated to trade within the 4.42–4.45 range against the US dollar next week, with short-term volatility contingent upon broader market dynamics.

BRASILIA, Feb 19 — Brazil announced yesterday its decision to join Opec+, a bloc that gathers members of the Organisation of the Petroleum Exporting Countries (Opec) and observer nations, reported Xinhua.

ANKARA, Sept 5 — Oil prices climbed today due to speculation that the OPEC+ group may delay planned production increases.

VIENNA, Aug 2 — The Joint Ministerial Monitoring Committee (JMMC) of Opec+, the Organisation of the Petroleum Exporting Countries (Opec) and its allies, yesterday confirmed the oil-producer group’s commitment to its current output policy, reported Xinhua.

KUALA LUMPUR, April 15 — The ripple effects of higher oil prices on Asia Pacific (Apac) economies and globally are expected to be felt if the current development of Middle East tension is not defused soon, said a research house.

KUALA LUMPUR, Jan 4 —The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 “on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart).

VIENNA, Dec 1 — The Organisation of the Petroleum Exporting Countries (Opec) and its allies, a group known as Opec+, on Thursday announced further production cuts for next year to bolster oil prices that have recently tumbled amid a weakening economic backdrop, reported Xinhua.

KUALA LUMPUR, Nov 28 — Malaysia’s Producer Price Index (PPI), which measures the prices of goods at the factory gate, declined by 0.3 per cent year-on-year (y-o-y) in October 2023 after recording a 0.2 per cent growth in September, the Department of Statistics Malaysia (DoSM) said.

KUALA LUMPUR, Nov 25 — The ringgit is expected to trade range-bound ahead of the next set of tier-one United States (US) economic data on Friday (December 1) of which the key US non-farm payroll (NFP) will be released, an analyst said.

KUALA LUMPUR, Oct 27 — Malaysian Rating Corporation Bhd (MARC Ratings) foresees the Brent oil prices to remain elevated to hover around US$85 to US$95 for the remainder of 2023 and within the range of US$80 to US$100 per barrel in 2024.

ANKARA, Oct 10 — Oil prices drifted lower on Tuesday over easing concerns that the ongoing clashes between Israel and Palestine will have a limited impact on oil trading, reported Anadolu.

VIENNA, July 6 — Four countries have been consulted to join the Organisation of the Petroleum Exporting Countries (OPEC), its Secretary-General Haitham Al Ghais said.

VIENNA, June 5 — The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Sunday (June 4) agreed to adjust their overall production level to 40.46 million barrels per day (bpd) next year, reported Xinhua.