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A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. Photo: REUTERS/Eli Hartman/File Photo

Oil holds near two-week lows while diesel cracks hit record peak

Brent crude futures rose 37 cents, or 0.37%, to $99.62 a barrel by 0958 GMT while West Texas Intermediate futures lost 44 cents, or 0.49%, to $90.08.

Industrial facilities of the PCK oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal Hanschke

Saudi Arabia cancels oil shipments to European refineries after attacks

Oil tankers pass through the Strait of Hormuz. Photo: Reuters

Rising fuel prices fuel protests as US-Iran war squeezes global energy supplies

OpenAI logo is seen in this illustration created on 11 June 2026. Photo: Reuters

AI-linked stocks slump after top lab CEOs call for slowing technology's development

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil prices jump more than 3% after new strikes on Saudi Arabia, Strait of Hormuz

US President Donald Trump meets with Canadian Prime Minister Mark Carney in the Oval Office at the White House in Washington, DC, US, May 6, 2025. Photo: REUTERS/Leah Millis/File Photo

Trump hits Canada with import bans, 50% tariffs

A cargo ship with containers docks at a terminal of the Yantian port in Shenzhen, Guangdong province, China October 30, 2025. Photo: REUTERS/Tingshu Wang/File Photo

China's trade booms as focus turns to expected Trump-Xi summit

Yen and US dollar banknotes are seen in this illustration taken March 19, 2025. Photo: REUTERS/Dado Ruvic/Illustration

What's behind the selloff in world bond markets?

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS

Oil extends gains as Trump issues fresh Iran warning

AI-driven cyber risk is top concern for global financial stability: Watchdog

AI-driven cyber risk is top concern for global financial stability: Watchdog

US Treasury Secretary Scott Bessent speaks during a press conference in Washington, DC, US, December 17, 2025. Photo: REUTERS/Aaron Schwartz/File Photo

G20 countries should consider more trade barriers on China to cut imbalances: Bessent

US President Donald Trump gives a thumbs-up as he walks to board Marine One following his arrival aboard Air Force One at Morristown Municipal Airport in Morristown, New Jersey, US, on 31 July 2026. Photo: Reuters/File

Trump weighs new 7.5% tariff on China over cheap exports

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: File/Reuters

Oil falls ahead of US announcement on new Iran sanctions