Standard Chartered Hikes Long-Term Oil Price Forecasts Despite Export Rebound
Global oil prices pulled back on Tuesday as investors weighed recovering Middle Eastern production against ongoing regional conflict.
Global oil prices pulled back on Tuesday as investors weighed recovering Middle Eastern production against ongoing regional conflict.
Saudi Arabia is ramping up crude oil shipments through the Strait of Hormuz following attacks on its strategic East-West pipeline.
The Malaysian ringgit opened higher against the US dollar and major currencies on Tuesday morning, trading at 4.0750 to 4.0805 against the greenback.
Global oil markets surged on Tuesday, as Brent crude approached 110 dollars a barrel following the suspension of Saudi crude loadings at Yanbu and new export disruptions in Libya.
Global crude prices climbed by nearly 3 per cent on Monday following fresh military strikes on Saudi Arabia and Gulf shipping lanes, coupled with the postponement of diplomatic…
The conflict, fueled by Iran’s support for the Houthis, has drawn Pakistan into a balancing act between its Gulf alliances and its strategic ties to Tehran.
Saudi Arabia temporarily shut down its 1,200-kilometer East-West pipeline following aerial drone strikes on September 10, 2026.
Saudi Arabia has shut down its critical East-West oil pipeline following multiple drone attacks that originated from Iraq, according to the Saudi Energy Ministry.
Saudi Arabia temporarily closed its critical East-West pipeline after drone strikes sparked fires south of Medina on September 10, 2026.
Saudi Aramco’s East-West Pipeline sustained significant structural damage in a Houthi drone strike, with U.S. officials confirming the unmanned aircraft originated from Iraq.