Oil edges up after less-than-expected US inventories rise BENGALURU: Oil prices were up slightly in light volumes on Wednesday after government data showed a... Published 26 Jan, 2023 05:58am
Markets Gulf markets rise on China demand optimism DUBAI: Gulf stock markets closed higher on Tuesday on expectations of economic recovery in the world’s second... Published 25 Jan, 2023 06:25am
Business & Finance OPEC+ panel unlikely to tweak oil policy LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next ... Published 25 Jan, 2023 06:25am
Markets OPEC+ panel unlikely to tweak oil policy at Feb. 1 meeting, sources say LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week,... Published 24 Jan, 2023 05:45pm
Markets Oil up more than 1pc, on track for second week of gains NEW YORK: Oil rose by about $1 a barrel on Friday and headed for a second straight weekly gain, spurred largely by... Published 23 Jan, 2023 08:05am
Markets Davos 2023: Big oil comes in from the cold on energy transition DAVOS: A different type of energy transition has taken place at this year’s World Economic Forum (WEF)... Published 20 Jan, 2023 06:34pm
Markets Oil heads for second week of gains on China demand outlook LONDON: Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening... Updated 20 Jan, 2023 08:38pm
Markets Gasoil margins fall on cautious sentiment amid firm oil SINGAPORE: Asia’s 10-ppm sulphur gasoil margins extended losses on cautious trading sentiment amid firmer oil... Published 19 Jan, 2023 05:58am
World Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy DAVOS: Saudi Arabia’s ambassador to the United States said on Wednesday that maintaining the long-standing strategic... Published 18 Jan, 2023 05:25pm
Markets Oil prices hit two-week highs NEW YORK: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating... Published 18 Jan, 2023 06:22am
Markets India’s Russian oil binge drags down OPEC’s share to lowest in 2022 NEW DELHI: Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases,... Published 17 Jan, 2023 09:32pm
Markets OPEC says Chinese oil demand to rebound in 2023 after drop LONDON: OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19... Published 17 Jan, 2023 07:48pm
Markets Oil prices hit two-week highs on hopes of China demand rebound LONDON: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating... Updated 17 Jan, 2023 08:08pm
Markets Oil still in sight of recent highs on Chinese demand recovery hopes NEW YORK: Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions ... Published 17 Jan, 2023 06:02am
Markets UAE energy minister: OPEC+ faces oil market volatility in both supply and demand CAIRO: OPEC+ is facing “volatile prospects” in oil markets both in supply and demand, UAE energy minister Suhail... Published 14 Jan, 2023 08:27pm
Markets OPEC oil output rises despite production target cuts LONDON: OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the wider... Published 04 Jan, 2023 08:44pm
BR Research 2022 and oil – a turbulent affair The volatility seen in oil prices in 2022 was phenomenal. From climbing to a record high in fourteen years hitting... Published 02 Jan, 2023 09:33am
Markets Oil falls over 3%, still set for weekly gain on demand hopes LONDON: Oil fell over 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks,... Updated 16 Dec, 2022 07:56pm
Markets Oil prices rise by $2 amid forecasts for 2023 demand uptick LONDON: Oil prices rose more than $2 on Wednesday after OPEC and the International Energy Agency (IEA) both forecast... Published 15 Dec, 2022 06:00am
Business & Finance OPEC sticks to 2022, 2023 oil demand growth forecasts, after downgrades LONDON: OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several... Published 13 Dec, 2022 07:18pm
Print Xi calls for oil trade in yuan RIYADH: President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a... Updated 10 Dec, 2022 09:56am
Markets OPEC+ agrees to keep output levels unchanged Representatives of 13 members, led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October Published 04 Dec, 2022 06:51pm
Markets Opec+ likely to maintain oil output levels VIENNA: Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output... Published 04 Dec, 2022 11:08am
Opinion Energy hungry Europe can’t look to US shale to fill any OPEC gap US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling... Published 04 Dec, 2022 03:37am
Business & Finance OPEC+ will keep oil policy unchanged in review talks LONDON/DUBAI: OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on... Published 04 Dec, 2022 03:37am
Business & Finance OPEC set to stick or cut more amid plan to cap Russian oil price LONDON: Major oil producers are expected to stick to their current output strategy or even slash production further... Updated 03 Dec, 2022 09:58am
Markets OPEC+ seen heading for oil policy rollover, cut not ruled out LONDON/DUBAI: OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources... Published 02 Dec, 2022 07:11pm
Markets Oil rises as China eases Covid curbs, dollar weakens NEW YORK: Oil rose about $2 a barrel on Thursday after top crude importer China eased Covid curbs in two major... Published 02 Dec, 2022 05:47am
Markets OPEC oil output drops in November: survey LONDON: OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the... Published 01 Dec, 2022 05:47am
Markets Saudi, Iraqi energy ministers meet, review oil markets The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+... Published 25 Nov, 2022 09:50am
Budget 2024-25 updates: Pakistan targets 3.6% growth, 38% higher FBR taxes as Aurangzeb presents proposals