Oil slides 1% as weaker IEA demand outlook offsets rate cut hopes LONDON: Oil fell by about 1% on Friday as slowing demand forecast by the International Energy Agency (IEA) offset... Updated 16 Feb, 2024 07:13pm
BR Research Oil price: Firm for now After a relative calm of six days, things have started to heat up again in and around the Red Sea – offering bullish... Published 15 Feb, 2024 08:43am
Markets Oil holds firm on OPEC demand forecast and U.S. fuel stocks LONDON: Oil prices edged higher on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from... Updated 14 Feb, 2024 08:54pm
Markets OPEC sticks to oil demand view, sees better economic growth LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and... Published 13 Feb, 2024 06:02pm
Markets Iraq committed to OPEC, will not produce more than 4mn bpd: minister BAGHDAD: Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also... Published 12 Feb, 2024 05:02pm
Business & Finance Oil heads for weekly gain NEW YORK: Oil prices were on track for gains of 6% on a week-on-week basis amid persistent tensions in the Middle... Published 10 Feb, 2024 05:48am
Markets OPEC+ committee meeting expected to keep output policy unchanged LONDON/DUBAI/MOSCOW: A committee of OPEC+ ministers on Thursday is not expected to make any recommendations to... Published 01 Feb, 2024 03:48pm
Markets IEA to expedite 2025 oil demand forecast, OPEC also moves early LONDON: The International Energy Agency is bringing forward publication of its first 2025 oil demand forecast to... Published 26 Jan, 2024 04:58am
BR Research Oil prices: Resilient in tough times The Red Sea remains a battle zone. Vessels are rerouting despite a heavy presence of naval fleets to counter the... Published 24 Jan, 2024 07:46am
Markets Saudi Arabia’s November crude exports hit 5-month high Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third... Published 22 Jan, 2024 06:32pm
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Markets Malaysian palm oil ends at nearly two-month peak on robust China demand KUALA LUMPUR: Malaysian palm oil futures rose on Thursday to their highest closing in nearly two months, buoyed by... Published 19 Jan, 2024 05:37am
Markets OPEC sticks to 2024 oil demand view, sees more growth in 2025 LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and said... Published 17 Jan, 2024 05:53pm
World Kuwait forms first government under new emir and prime minister DUBAI: Kuwait on Wednesday formed a government headed by Prime Minister Sheikh Mohammed Sabah al-Salem al-Sabah, the... Published 17 Jan, 2024 02:49pm
Markets Citi lowers Brent price outlook for 2024 and 2025 on oversupply fears Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but... Published 12 Jan, 2024 12:30pm
World Saudi Arabia says focused on all kinds of energy, not just oil RIYADH: Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not... Published 10 Jan, 2024 03:21pm
Markets Rising prices cap India’s thirst for Russian oil NEW DELHI: Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an... Published 10 Jan, 2024 03:07pm
Markets Oil prices firm on Middle East crisis and Libya outage LONDON: Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s... Updated 09 Jan, 2024 09:29pm
Markets Oil falls over 3% as Saudi price cuts add to demand concerns NEW YORK: Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in... Updated 08 Jan, 2024 09:42pm
World Kuwait emir appoints Sheikh Mohammed Sabah al-Salem al-Sabah as prime minister DUBAI: Kuwait’s new emir Sheikh Meshal al-Ahmad al-Sabah on Thursday appointed Sheikh Mohammed Sabah al-Salem... Published 04 Jan, 2024 06:10pm
Business & Finance OPEC stresses OPEC+ unity, after Angola exit DUBAI/LONDON: OPEC said on Wednesday that cooperation and dialogue within the wider OPEC+ oil producer’s alliance... Published 04 Jan, 2024 05:41am
Markets Oil prices jump on disruption fears after latest Red Sea attack LONDON: Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle... Updated 02 Jan, 2024 05:02pm
BR Research Will oil fare better in 2024? From Russia and Ukraine still engaged in war, to Israel’s onslaught in Gaza, from big shipping companies refusing to... Published 01 Jan, 2024 07:21am
Markets Oil prices fall ahead of long holidays NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could... Published 24 Dec, 2023 04:00am
Markets Malaysian palm oil futures down NEW DELHI: Malaysian palm oil futures fell for a fifth consecutive week as demand dropped ahead of a long holiday... Published 24 Dec, 2023 04:00am
Markets Oil prices gain around 1% as Red Sea tension persists LONDON: Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on... Updated 22 Dec, 2023 10:03pm
Markets Oil falls as Angola decides to exit OPEC NEW YORK: Oil prices fell by roughly $1 a barrel on Thursday after Angola said it would exit the Organization of the... Published 22 Dec, 2023 05:22am
Business & Finance Angola to quit OPEC over oil production quotas disagreement LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil... Published 22 Dec, 2023 05:22am
Markets Angola says it is leaving OPEC LUANDA/LONDON: Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is... Published 21 Dec, 2023 06:29pm