Oil prices climb 2% on China stimulus, Middle East conflict Oil prices climbed about 2% to a three-week high on Tuesday on news of monetary stimulus from China, the world’s top... Updated 24 Sep, 2024 09:09pm
Markets Oil edges higher on Middle East tensions, storm worries HOUSTON: Oil prices ticked up on Monday as investors worried about supply after tensions in the Middle East... Updated 23 Sep, 2024 08:43pm
Markets Oil prices edge higher on US crude stocks, market awaits Fed decision NEW YORK: Oil prices were up on Wednesday on falling crude inventories in the United States, whiles the market... Updated 18 Sep, 2024 08:40pm
Markets Oil prices rise on supply shocks, prospect of US interest rate cuts NEW YORK: Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will... Updated 17 Sep, 2024 09:47pm
Markets Russian rouble weakens despite central bank rate hike MOSCOW: The Russian rouble weakened against the US dollar on Monday despite the central bank’s surprise... Published 16 Sep, 2024 02:33pm
Markets OPEC again lowers 2024, 2025 global oil demand growth view LONDON: OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this... Published 10 Sep, 2024 07:05pm
Markets China’s August crude oil imports fall 7% on weak demand, refining margins BEIJING: China’s crude oil imports in August fell 7% year-on-year, customs data showed on Tuesday, as weak refining... Published 10 Sep, 2024 11:09am
Markets Morgan Stanley cuts Brent crude price view as market signals demand softness Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is... Published 09 Sep, 2024 04:46pm
Markets Russian rouble weakens on first day of reduced yuan sales by central bank MOSCOW: The Russian rouble weakened against the dollar and China’s yuan on Friday, the first day of a reduction in... Published 06 Sep, 2024 03:35pm
Markets Oil falls more than 2% after US jobs data, set for weekly drop Brent crude futures down $1.62, or 2.23%, to $71.07 a barrel Updated 06 Sep, 2024 10:02pm
Markets Oil prices up on big storage withdrawal NEW YORK: Oil prices edged up about 1% on Thursday on a bigger-than-expected withdrawal from US inventories and a... Published 06 Sep, 2024 07:04am
Business & Finance Oil rises nearly 2pc NEW YORK: Oil prices gained more than $1 a barrel on Thursday after US economic data allayed fears of recession in... Published 16 Aug, 2024 06:56am
Markets Oil dips as demand concerns outweigh Middle East supply fears LONDON: Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in... Updated 06 Aug, 2024 07:25pm
Markets Oil drops as US recession fears spark broader selloff HOUSTON: Oil fell on Monday, trailing a stock market selloff sparked by fears of a U.S. recession, though declines... Updated 05 Aug, 2024 08:34pm
Markets Oil prices steady as OPEC sticks to oil policy HOUSTON: Oil prices were little changed on Thursday as investors weighed producer group OPEC+’s decision to keep its... Updated 01 Aug, 2024 07:58pm
Markets Oil steadies near lowest since early June as China concerns weigh LONDON: Oil steadied on Tuesday near its lowest levels since early June as worries about demand in China were... Updated 30 Jul, 2024 04:52pm
Markets Oil prices stabilise after Golan Heights attack LONDON: Oil prices were stable on Monday as fears of a widening conflict in the Middle East after a rocket strike in... Updated 29 Jul, 2024 05:38pm
Markets Brent, US crude futures fall on sagging China demand HOUSTON: Brent and U.S. oil crude futures fell more than $2 a barrel on Friday on declining Chinese demand and hopes... Updated 26 Jul, 2024 09:56pm
Markets Oil slips on gloomy Chinese demand outlook Oil prices slipped on Thursday as lacklustre Chinese consumption signalled weaker demand from the world’s biggest... Updated 25 Jul, 2024 08:15pm
Markets Oil prices rise off six-week lows as US fuel stocks decline HOUSTON: Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but were still close... Updated 24 Jul, 2024 08:45pm
Markets Oil prices gain 1% on big US storage withdrawal, weaker US dollar NEW YORK: Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles... Updated 17 Jul, 2024 08:48pm
Markets Oil prices edge down on worries about Chinese demand HOUSTON: Oil prices declined on Tuesday on worries of a slowing Chinese economy crimping demand and despite a... Updated 16 Jul, 2024 09:58pm
Markets Oil holds its ground as Chinese demand concerns weigh LONDON: Oil held its ground on Monday as downward pressure from concern about demand in top importer China offset... Updated 15 Jul, 2024 07:41pm
Markets Kuwait cuts Aug crude prices for Asia, document shows SINGAPORE: Kuwait has cut the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in August by 70... Published 12 Jul, 2024 11:38am
Markets China June crude oil imports fall 11% on year, H1 imports down 2.3% SINGAPORE: China’s crude oil imports in June dropped 11% from a high base a year earlier and first-half imports fell... Published 12 Jul, 2024 11:02am
Markets Oil rises as US inflation eases LONDON: Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s... Updated 12 Jul, 2024 11:16pm
Markets Oil edges up as US inflation data raises rate cut hopes LONDON: Oil prices rose on Thursday with the Brent benchmark holding above $85 a barrel, as hopes rose for rate cuts... Updated 11 Jul, 2024 06:39pm
Markets Oil rises after U.S. posts crude, gasoline stock draw HOUSTON: Oil prices roses on Wednesday after a jump in U.S. refining activity last week prompted a bigger draw than... Updated 10 Jul, 2024 09:33pm
Markets Oil slips as Gaza talks ease supply worries, Hurricane Beryl in focus Oil prices edged lower on Monday after gaining for four weeks as supply disruption worries eased on hopes of a... Updated 08 Jul, 2024 07:02pm
BR Research Oil’s wild ride – a balancing act Crude oil prices have remained relatively higher in 2024, with some dips when global organizations cut their demand... Published 08 Jul, 2024 08:40am