Oil climbed on optimism that demand prospects in China may brighten as one of its megacities loosens lockdown restrictions.

Oil settled close to a one-week high as news of a US plan to refill emergency crude reserves largely offset broader inflation concerns.

This is the latest escalation in tensions between Turkey and Greece.

European farm and food groups said soaring energy prices could lead to shortages of fruit and vegetables.

Add the rapid drop in the value of the yuan to the litany of challenges facing global commodities prices.

Capricorn Energy has cut its operational loss to $37.3M for the first half of the year, from $47.4M in the corresponding period in 2021.

Energy companies have paid tribute to Queen Elizabeth II.

Island Drilling has won a contract with Trident Energy for the provision of the Island Innovator drilling rig for a drilling campaign off Equatorial Guinea.

Oil dropped as additional Covid-related lockdowns in China heightened risk-off sentiment across markets, halting the rally that followed the OPEC+ meeting earlier this week.