Wall Street reports 65% chance that U.S. will intervene in Iran—Goldman Sachs says OPEC will be key buffer in oil ...

Rising tensions between the U.S., Iran, and Israel have fueled speculation about possible U.S. military intervention, with Goldman Sachs reporting a 65% chance of action against Iran by July, leading to increased oil price volatility and shipping costs, …

Core sectors grow at nine-month low of 0.7% in May, dragged by oil, gas, fertilisers & electricity

The cement sector, too, witnessed robust growth of 9.2% in May 2025, although this was on a low base as the sector had contracted 0.6% in May of last year. Representational file image. | Photo Credit: B. Velankanni Raj Growth in the eight core sectors of …

Navy destroys 800 illegal refineries, recovers 171,000 barrels of stolen oil in two years 

The Nigerian Navy has destroyed over 800 illegal refineries and recovered 171,000 barrels of stolen crude oil as part of its nationwide crackdown on oil theft over the past two years. The operations also led to the arrest of 76 vessels and at least 242 …

Rubber market ends lower following oil price drop

KUALA LUMPUR: The Malaysian rubber market ended lower today in tandem with the downtrend in the regional rubber futures markets, a dealer said. She said the market was also dragged down by the fall in crude oil prices. “Oil prices fell sharply in Asian …

Indian bond yields end a tad higher on week amid worries over oil surge

MUMBAI: Indian government bond yields ended marginally higher for the week on Friday, as elevated oil prices dampened sentiment, overshadowing dovish commentary from the central bank chief. The yield on the benchmark 10-year bond ended at 6.3087%, compared …

Crude oil prices swing amid war escalation risk

Oil Prices Climb for Third Straight Week

Crude oil prices were set for another weekly gain today, the third in a row, as Israel and Iran continued to bomb each other with no sign of willingness on either side to switch to diplomacy. At the time of writing, Brent crude was trading at $77.04 per …

How High Will Oil Prices Go on a Middle East Supply Disruption?

Crude oil prices could rise by between 15% and 20% from pre-war levels in case of disruption of 1.1 million barrels daily in production, Citi analysts have said, putting Brent crude’s wartime price at between $75 and $78 per barrel. If the supply …

Oil drops, European stocks climb as Trump delay…

The price of Brent oil, the world's main international contract, slid Friday while Europe's major stock markets rebounded as concerns over a war escalation in Iran eased. Brent dropped more than two percent, weighing on the share prices of energy …

Palm oil logs sixth weekly gain, highest in two months

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday, logging a sixth consecutive weekly gain, despite weak demand in key markets. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange rose 11 ringgit, …