Oil little changed as surprise crude stock build caps gains HOUSTON: Oil prices were broadly steady on Wednesday after three key forecasters predicted that global oil... Updated 12 Jun, 2024 09:45pm
Markets China’s commodity imports are soft, even those that look strong LAUNCESTON, (Australia): China’s imports of major commodities were either openly weak in May, such as the decline... Published 11 Jun, 2024 03:17am
Markets Oil pares gains after US data deflates expectations of near term rate cut LONDON: Oil pared gains on Friday as demand concerns intensified after strong U.S. jobs data soured hopes of the... Updated 07 Jun, 2024 08:10pm
BR Research Oil stutters: Bounce back likely Having dropped to the lowest since February 2024 – Brent oil is staging a comeback of sorts, and all signs indicate... Published 07 Jun, 2024 08:09am
Markets Saudi says OPEC+ can pause or reverse oil output boost ST PETERSBURG: OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister... Published 07 Jun, 2024 06:24am
Markets OPEC head rejects criticism over oil deal, says demand is good ST PETERSBURG: OPEC Secretary General Haitham Al Ghais on Thursday defended the recent adjustments to the OPEC+ oil... Published 06 Jun, 2024 01:45pm
Markets Oil drops as OPEC+ decision spotlights shaky demand HOUSTON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this... Published 05 Jun, 2024 08:17am
Markets Oil dives 3%, OPEC+ decision fails to allay demand worries NEW YORK: Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the... Updated 03 Jun, 2024 09:04pm
Markets Abu Dhabi index jumps ahead of OPEC+ meeting DUBAI: Stock markets in the United Arab Emirates closed higher on Friday, with the Abu Dhabi index leading gains... Published 03 Jun, 2024 06:30am
Print OPEC+ extends deep oil production cuts into 2025 LONDON/DUBAI: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to... Updated 03 Jun, 2024 09:21am
Markets OPEC+ extends oil cuts to third quarter, discusses 2025, sources say LONDON/DUBAI: OPEC+ agreed on Sunday to prolong its deep oil output cuts in 2024 and was discussing extending them... Published 02 Jun, 2024 06:02pm
Print OPEC+ set to decide oil output policy for 2024, possibly into 2025 LONDON/DUBAI: Despite moving Sunday’s oil output decision-making meeting online, several OPEC+ ministers plan to fly... Updated 02 Jun, 2024 12:23pm
Markets Oil prices steady before stocks and inflation data, OPEC+ meeting LONDON: Oil prices were broadly steady on Thursday, ahead of U.S. crude oil stockpiles data, inflation data and an... Updated 30 May, 2024 05:28pm
Business & Finance India’s Reliance to buy Russian oil in roubles NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal... Updated 29 May, 2024 08:37am
Markets Oil steadies as OPEC+ restraint balances interest rate concerns LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2... Updated 28 May, 2024 04:38pm
Markets Oil rises ahead of inflation data after downbeat week HOUSTON: Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the... Updated 27 May, 2024 10:06pm
Business & Finance Iran plans to raise oil output to 4m barrels per day DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news... Published 27 May, 2024 05:52am
Markets Oil falls 1% as sticky US inflation weighs on demand at the pump HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates... Updated 21 May, 2024 09:30pm
Markets Oil prices steady NEW YORK: Oil prices were stable on Monday as the market awaited further clues on the likely path of US interest... Published 21 May, 2024 03:39am
Markets Saudi Arabia’s crude exports hit nine-month high in March Saudi Arabia’s crude oil exports rose for the second straight month in March, reaching their highest in nine months,... Published 20 May, 2024 05:19pm
Markets Oil prices rise after positive US economic data LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,... Updated 16 May, 2024 07:37pm
Markets IEA trims 2024 oil demand growth forecast, widens gap with OPEC LONDON: The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening... Published 15 May, 2024 08:57pm
Markets OPEC sticks to oil demand view, shifts key forecast to OPEC+ LONDON: OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would... Published 14 May, 2024 05:54pm
World US energy secretary to visit Saudi Arabia, UAE next week, officials say US Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on... Published 11 May, 2024 10:41am
Markets Oil prices set for steepest weekly drop in 3 months LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months... Updated 03 May, 2024 05:37pm
Markets Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed... Published 02 May, 2024 11:04am
Markets OPEC oil output falls in April, led by Iran and Iraq, survey finds LONDON: OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran,... Published 01 May, 2024 04:14am
Markets Oil slips after Iran plays down reported Israeli attack Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli... Updated 19 Apr, 2024 08:40pm
Markets Oil sheds more than $1/barrel after Iran attack NEW YORK: Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less... Updated 15 Apr, 2024 08:50pm
Markets Oil falls on US refinery outage, persistent inflation Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for... Updated 12 Apr, 2024 08:49am