Lower oil prices defy robust forecasts for global demand Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in... Published 17 Sep, 2022 04:27am
Markets Nigeria’s oil output at 32-year low as thieves hobble output LAGOS: Nigeria’s crude oil production fell below 1 million barrels per day (bpd) in August, figures from its... Updated 09 Sep, 2022 07:41pm
Markets OPEC+ agrees small oil production cut LONDON: OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have... Published 06 Sep, 2022 04:08am
Markets Oil slides 3pc as China lockdowns stoke demand fears HOUSTON: Oil prices tumbled 3% on Thursday, as new COVID-19 lockdown measures in China added to worries that high... Published 02 Sep, 2022 06:00am
Markets Oil slides 3% as China lockdowns stoke demand fears LONDON: Oil prices tumbled 3% on Thursday, as new COVID-19 lockdown measures in China added to worries that high... Updated 01 Sep, 2022 09:06pm
Markets OPEC+ sese bigger 2022 surplus, risks to oil demand growth LONDON/MOSCOW: The oil market will likely see a bigger-than-expected surplus this year, OPEC+ said in a report on... Published 31 Aug, 2022 05:51pm
Print Oil dives nearly $6 a barrel HOUSTON: Oil prices fell nearly $6 a barrel on Tuesday, the steepest decline in about a month, on fears that fuel... Published 31 Aug, 2022 05:50am
Business & Finance Indian rupee slips to record low MUMBAI: The Indian rupee dropped to an all-time low versus the dollar on Monday on bets the Federal Reserve will ... Published 30 Aug, 2022 06:21am
Markets Saudi Arabia may cut October crude prices for Asia SINGAPORE: Top oil exporter Saudi Arabia could slash October prices for most crude grades it sells to Asia after a... Published 29 Aug, 2022 02:28pm
Markets Oil edges higher on prospect of OPEC+ supply cut LONDON: Oil edged higher on Monday to extend last week’s gains as potential OPEC+ output cuts and conflict in Libya... Updated 29 Aug, 2022 05:15pm
Markets Oil prices rise on signals Opec might cut output NEW YORK: Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but... Published 28 Aug, 2022 06:10am
Markets Oil ends higher on US response to Iran nuclear deal comments NEW YORK: Oil prices ended Wednesday higher after a volatile trading session on concerns that the United States will... Published 25 Aug, 2022 06:08am
Markets With Iran deal looming, OPEC+ weighs oil cuts DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to... Published 23 Aug, 2022 08:35pm
Markets Oil jumps above $3/bbl on possible OPEC+ supply tightening NEW YORK: Oil prices soared more than $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output... Updated 23 Aug, 2022 08:41pm
Markets Saudi says OPEC+ can confront market challenges, including by cutting output Saudi Arabia’s Energy Minister said OPEC+ has the means and flexibility to deal with challenges, including by... Published 22 Aug, 2022 10:30pm
Print Blame policymakers, lawmakers for oil price rises: OPEC RIYADH: Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices,... Published 19 Aug, 2022 05:57am
Markets OPEC chief says blame policymakers, lawmakers for oil price rises LONDON: Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices,... Published 18 Aug, 2022 09:24pm
Markets Oil falls $2 on demand concerns but set for weekly gain LONDON: Oil prices fell on Friday, depressed by recession fears clouding the demand outlook, but remained on track... Updated 12 Aug, 2022 07:33pm
Markets Oil rises as IEA hikes 2022 demand growth forecast NEW YORK: Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand ... Published 12 Aug, 2022 05:44am
Print Oil demand rises as gas prices surge: IEA Prices of natural gas and electricity have jumped to new records Updated 12 Aug, 2022 10:18am
Markets OPEC, unlike IEA, sees lower 2022 oil demand growth LONDON: OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing... Published 11 Aug, 2022 05:50pm
Opinion Saudi, UAE save oil firepower in case of winter supply crisis OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil... Published 05 Aug, 2022 06:27am
Business & Finance HCCI chief seeks ‘sound economic plan’ from govt HYDERABAD: Presi-dent of Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that appreciation... Published 05 Aug, 2022 06:27am
Markets OPEC+ sees slightly smaller oil market surplus this year, sources say LONDON: OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a... Published 02 Aug, 2022 06:27pm
Markets Oil sinks about 4pc after weak factory data sparks demand concerns NEW YORK: Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the ... Published 02 Aug, 2022 06:58am
BR Research Crude oil – where from here? Oil markets are predicted to be tight for next year, which means prices will stay elevated. OPEC and IEA forecast a... Published 01 Aug, 2022 08:32am
Markets Qatar outperforms Gulf bourses on oil price rise, corporate earnings DUBAI: Most stock markets in the Gulf ended higher on Sunday, with the Qatari index outperforming the region as it... Published 01 Aug, 2022 05:54am
Markets VLSFO spread narrows 7pc in July SINGAPORE: The HiLo fuel oil spread, which is the price difference between front-month 0.5% very low sulphur fuel ... Published 31 Jul, 2022 05:39am
Opinion Europe’s dependence on Russian natural gas Since the start of the Russian-Ukraine war, Nord Stream gas pipeline has been the focus for energy supply to Germany... Published 30 Jul, 2022 03:39am
Markets OPEC+ production struggles widen to nearly 3mn bpd MOSCOW: The OPEC+ group produced almost 3 million barrels per day less crude than foreseen by its quotas in June as... Published 29 Jul, 2022 09:15pm