Oil climbs $2 on easing Omicron fears and Iran delay LONDON: Oil prices rose $2 on Tuesday, extending the previous day's almost 5% rebound, as concerns over the impact ... Published 07 Dec, 2021 05:31pm
Markets Oil rebounds towards $72 on Omicron hopes, Iran talks LONDON: Oil climbed by $2 a barrel towards $72 on Monday on hopes the Omicron coronavirus variant would have a less... Published 06 Dec, 2021 06:44pm
Markets Oil rises as OPEC+ poised to act if demand weakens LONDON: Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy... Updated 03 Dec, 2021 04:20pm
Markets Oil prices climb over 4% ahead of OPEC meeting despite Omicron concerns LONDON: Oil prices rose more than 4% on Wednesday, still struggling to recoup losses of more than 16% in November, ... Published 01 Dec, 2021 05:37pm
Markets Oil dips, focus on OPEC+ response to US-led oil LONDON: Oil prices dipped in thin trading on Thursday, the US Thanksgiving holiday, as investors eyed how major... Published 26 Nov, 2021 05:15am
Markets Oil steady as investors question reserve release LONDON: Oil prices were steady on Wednesday as investors questioned the effectiveness of a US-led release of oil ... Published 24 Nov, 2021 07:13pm
Markets Oil prices retreat in face of supply and demand pressures LONDON: Oil prices fell on Monday as rising COVID-19 cases in Europe and a potential release of Japanese oil ... Updated 22 Nov, 2021 05:32pm
Markets Oil drops below $80 on European COVID concerns LONDON: Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to... Published 19 Nov, 2021 05:46pm
Markets Oil near six-week low as China readies crude reserve release LONDON: Oil prices slid to six-week lows on Thursday before recovering some ground, as China said it was moving to... Published 18 Nov, 2021 04:09pm
Markets Oil prices slide as China readies release of crude from strategic reserves TOKYO: Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves... Published 18 Nov, 2021 09:48am
Markets Oil drops on oversupply warnings, rising COVID-19 cases LONDON: Oil prices fell on Wednesday after the International Energy Agency (IEA) and OPEC warned of impending... Published 17 Nov, 2021 08:11pm
Markets Oil prices head for weekly dip as dollar firms LONDON: Oil prices fell on Friday, wiping out gains from the previous session as the dollar continued to firm on... Published 12 Nov, 2021 05:20pm
Markets Oil prices dip after US inventory report NEW YORK: Oil prices edged lower after US crude stocks rose modestly, one day after an industry report suggested... Published 10 Nov, 2021 09:46pm
Markets Oil approaches $84 as lifting of US travel ban boosts demand LONDON: Oil rose towards $84 a barrel on Tuesday, gaining for a third session, as the US lifting of travel... Published 09 Nov, 2021 05:08pm
Markets Oil rises after OPEC+ rebuffs US call to boost output LONDON: Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a US call to raise supply to... Published 05 Nov, 2021 07:23pm
Markets Oil prices rise 2% ahead of OPEC+ meeting LONDON: Oil prices rose more than 2% on Thursday, lifted by expectations that OPEC and its allies will stick to slow... Published 04 Nov, 2021 04:56pm
Markets Oil down after API data shows US inventory build-up LONDON: Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in... Published 03 Nov, 2021 06:35pm
Markets Oil prices extend gains to multi-year highs on tight supply WTI touches highest since Oct 2014, Brent hits three-year high Published 25 Oct, 2021 05:45pm
Markets Oil falls as China considers intervention to ease coal crunch Chinese coking coal and coke futures slide API shows larger than expected rise in US crude stocks Market eyes EIA inventory data due later on Wednesday Updated 20 Oct, 2021 07:06pm
Markets Brent oil nears $80 a barrel on tight supply Brent crude nears three-year high WTI hits $75 a barrel, highest since July Goldman Sachs sees Brent at $90 a barrel by year-end Updated 27 Sep, 2021 06:10pm
Markets Oil holds above $75 as storm-hit U.S. supply returns slowly Brent dips but still set for more than 3% weekly gain Slow post-Ida production recovery bolsters prices Updated 17 Sep, 2021 05:24pm
Markets Oil slips as slower demand expectations weigh Saudi Arabia cuts prices to Asia; US, Europe prices steady China Aug crude oil imports rise as refiners resume buying Over 80% of oil output in Gulf of Mexico still offline Updated 07 Sep, 2021 08:35pm
Markets Oil down after deep Saudi price cuts spur demand concerns Saudi cuts Oct prices for Asia by at least $1/bbl US Gulf Coast oil industry struggles with Ida recovery US oil rig count falls most since June 2020 -Baker Hughes Published 06 Sep, 2021 05:09pm
Markets Oil steady as US jobs report disappoints New Covid variant appears to restrain US job growth US Gulf Coast struggles to recover after storm OPEC+ agrees to boost production Global demand outlook bright on recovery hopes Updated 03 Sep, 2021 07:50pm
Markets Most Gulf bourses fall, tracking oil prices; Abu Dhabi gains Abu Dhabi index hit a new record-high Oil falls 4% on china virus curbs, strong dollar Published 09 Aug, 2021 07:03pm
Markets Most Gulf markets firm on higher oil prices Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel "The spread of the delta variant remains an ongoing concern however and could still affect how markets view economic development in the short term." Published 27 Jul, 2021 08:26pm
Markets Oil falls amid dollar strength; demand picture still bullish Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel. US West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.6%, at $70.65 a barrel, after retreating 1.5% on Thursday and is also set to be flat on the week. Published 18 Jun, 2021 05:26pm
Markets Oil prices reach fresh multi-year highs NEW YORK: Oil prices reached fresh multi-year highs on Friday, heading for a third straight week of gains on an... Published 12 Jun, 2021 05:04am
Markets Brent oil benchmark hits 2-year high, WTI highest since 2018 Top US diplomat sees hundreds of sanctions on Iran to remain. API shows drawdown in US crude stocks; EIA data due later Wed. Oil demand expected to grow in H2 as lockdowns ease. Published 09 Jun, 2021 06:28pm
Markets Oil steady after sharp rise on improved demand picture Brent steady after settling at highest since January 2020. WTI hit highest since October 2018 on Wednesday. New round of Iran nuclear deal talks next week. Published 03 Jun, 2021 07:44pm