Oil
2 stories
The latest CapitalWire reporting and analysis tagged Oil.
Business
Big Oil Raises 2027 Capex as Brent Above $114 Redraws the Investment Cycle
The world's largest energy producers are lifting 2027 capital budgets for the first time in three years, prioritising upstream oil and gas over buybacks as $114 crude changes the supply calculus.
Markets
Oil Shock Deepens: Brent Tops $114 as Middle East Supply Risks Compound
Brent crude held above $114 a barrel after Houthi attacks on Saudi facilities, an evacuation at Saudi Aramco's headquarters and Libyan outages stacked supply risks, keeping the global inflation impulse firmly bid.