Brent crude Tag

The benchmark for US crude broke through US$90 a barrel yesterday for the first time since 2014 as a cold weather snap across the US exacerbates ongoing supply concerns, amid broader geopolitical tensions. West Texas Intermediate crude surged by 2.3% to close trading at $90.27 a...

Saudi Aramco has reported a 44.4% drop in net profit for the 2020 financial year, as the COVID-19 pandemic took a chunk out of global fuel demand and prices fell accordingly. The state-run Saudi Arabian oil giant made US$49 billion in net income last year -...