Oil prices climb focus on OPEC NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a... Published 29 Nov, 2023 05:09am
Markets Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a... Updated 28 Nov, 2023 09:37pm
Markets Oil prices dive on US crude build and China concerns Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors in New... Updated 16 Nov, 2023 09:58pm
Markets Oil climbs as IEA lifts demand growth forecast, US inflation cools LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,... Updated 14 Nov, 2023 08:39pm
Markets Oil steady on caution over demand outlook and Fed rates LONDON: Oil prices held steady on Monday, with market caution heightened by waning demand in the United States and... Updated 13 Nov, 2023 06:48pm
Markets Oil set for third weekly decline as demand worries weigh LONDON: Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market... Updated 10 Nov, 2023 09:04pm
Markets Brent oil hovers above $80 after this week's downward spiral LONDON: The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning... Updated 09 Nov, 2023 08:07pm
Markets Oil prices fall on demand concerns BENGALURU: Oil prices fell about 3% to their lowest since late August on Tuesday, as demand concerns arose from ... Updated 08 Nov, 2023 06:57am
Markets Oil prices at 2-1/2 month lows as China data offset supply cuts LONDON: Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of... Updated 07 Nov, 2023 07:18pm
Markets Oil heads for weekly losses as Mideast worries ease, China demand uncertain SINGAPORE: Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns... Updated 03 Nov, 2023 03:06pm
Markets Oil rises 1% after Fed, BoE keep rates unchanged LONDON: Oil gained 1% on Thursday to snap a three-day decline as risk appetite returned to financial markets after... Updated 02 Nov, 2023 07:00pm
Markets Oil slightly up as further ECB rate hikes unlikely HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central... Published 01 Nov, 2023 05:57am
Markets Oil edges higher as further ECB rate hikes unlikely HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central... Updated 31 Oct, 2023 09:50pm
Markets Oil falls over 3% as concerns about Mideast supply ease HOUSTON: Oil slipped more than 3% on Monday with U.S. crude oil futures falling more than $3 a barrel as fears eased... Updated 30 Oct, 2023 09:03pm
Markets Oil rises more than $1 on fears of spread of Middle East conflict SINGAPORE: Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria... Published 27 Oct, 2023 09:46am
Markets Oil falls after US stockpiles climb, Middle East tensions in focus SINGAPORE: Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving... Updated 26 Oct, 2023 12:41pm
Markets Oil prices fall after weak European economic data BENGALURU: Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from... Published 25 Oct, 2023 06:19am
Markets Oil drops over 2pc as diplomatic moves in Gaza war ease supply NEW YORK: Oil prices fell over 2% on Monday as diplomatic efforts in the Middle East intensified in an attempt to... Published 24 Oct, 2023 05:05am
Markets Oil prices fall ahead of Biden Middle East trip NEW YORK: Oil prices edged lower on Tuesday as investors wait to see if US diplomatic efforts and a trip by ... Published 18 Oct, 2023 06:09am
Markets Oil rises about 1% despite surge in US crude stockpiles NEW YORK: Oil prices rose on Thursday on expectations that U.S. interest rates had peaked, but gains were capped by... Updated 12 Oct, 2023 09:21pm
Markets Oil prices surge 4% on worries of escalation in Middle East conflict HOUSTON: Oil prices surged 4% on Monday, recouping some of the steep losses last week, as clashes between Israel and... Updated 09 Oct, 2023 08:31pm
Markets Oil prices hold steady, Russia rolls back diesel export ban LONDON: Oil prices were stable but on course for a week-on-week loss, as demand fears due to macroeconomic headwinds... Published 08 Oct, 2023 03:12am
Markets Cnergyico imports Pakistan’s first private-sector Russian crude cargo KARACHI: Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil,... Updated 02 Oct, 2023 03:50pm
Business & Finance Nearby Brent crude spread hits 2023 high on tight supply LONDON: The spread between the front and second month contract for global oil benchmark Brent has widened to its... Published 29 Sep, 2023 06:24am
Markets Oil prices edge higher as economic outlook balances tight supply NEW YORK: Oil prices edged higher on Tuesday after reaching a two-week low earlier in the session, as investors... Updated 26 Sep, 2023 08:44pm
Markets Oil prices nearly flat as Russia eases fuel export NEW YORK: Oil prices were nearly flat in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains... Published 26 Sep, 2023 06:33am
Markets Oil prices rise as Russia fuel export ban stokes supply concerns LONDON: Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted... Updated 22 Sep, 2023 05:49pm
Markets Oil prices eased ahead of Fed rate decision NEW YORK: Oil prices eased on Wednesday ahead of the US Federal Reserve’s interest rate decision, with investors... Published 21 Sep, 2023 06:08am
Markets Oil prices hit 10-month highs on mounting supply concerns Oil prices jumped over 1% on Tuesday to 10-month highs, as weak U.S. shale output compounded supply concerns from... Updated 19 Sep, 2023 08:57pm
Markets Oil prices extend gains toward $95 on tight supply HOUSTON: Global oil benchmark Brent crude neared $95 a barrel on Monday, with investors focused on the prospect of a... Published 19 Sep, 2023 06:31am