Oil prices/Crude oil

Venezuela inks gas deals with BP, two other foreign companies

Venezuela has the world’s largest proven reserves of oil and also boasts large deposits of natural gas.

New attacks on shipping as US-Iran war talks hit fresh impasse

A video released by the Iran-aligned Houthis shows a drone launching from an undisclosed location in Yemen.

How China became the world’s great oil power

Chinese stocks of crude, fuels and polymers, though bigger than outsiders realised, are finite.

Nigerians’ cost of living pain deepens as election looms

FILE PHOTO: People push a cargo cart through Balogun Market in the Marina business district of Lagos, Nigeria, December 2, 2025. REUTERS/Sodiq Adelakun/File Photo

Asia stocks edge higher, oil up amid Gulf confusion

Iran said on Aug 9 that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages.

World food prices hit 3-year high in July as weather and war weigh: UN agency

Wars and El Nino have created a perfect storm of higher costs and lower crop yields.

Oil extends gains as Iran strikes targets in Strait of Hormuz

West Texas Intermediate rose above $78 a barrel, after surging almost 3% in the previous session.

Iran says deal with Oman on Strait of Hormuz agreed in principle

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, July 29, 2026. REUTERS/Stringer REFILE - QUALITY REPEAT

World faces fresh food price surge, FAO warns

Combines harvesting wheat in a field in Ukraine’s Kharkiv region on Aug 3, amid Russia’s invasion of Ukraine.

Oil falls for third day on signs of progress towards Hormuz deal

The previous US-Iran ceasefire lasted less than a month before collapsing over the Strait of Hormuz.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.