OPEC expects slower 2025 oil supply growth from rivals after price drop LONDON: OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers... Published 14 May, 2025 05:38pm
Markets Oil falls after US crude inventories rise NEW YORK: Oil prices edged lower on Wednesday after government data showed U.S. crude oil stockpiles rose... Updated 14 May, 2025 09:43pm
Markets Crude oil climbs more than $1 on tariff cuts, outlook HOUSTON: Crude oil futures climbed more than $1 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs... Updated 13 May, 2025 10:56pm
Markets Oil prices jump over 3% on US-China tariff reductions TOKYO: Oil prices rose more than $2 in Asian trading on Monday after the US and China said they would ease some of... Updated 12 May, 2025 01:01pm
Markets China April crude oil imports up 7.5% on strong inflows of Iran, Russia supplies China’s April crude oil imports slowed from the previous month but rose 7.5% from a year earlier due to abundant... Published 09 May, 2025 12:00pm
Markets Oil steadies as market eyes US-China trade talks NEW YORK: Oil prices steadied on Wednesday after bouncing back from a sharp sell-off earlier in the week as... Updated 07 May, 2025 08:08pm
Markets Europe and China, ME tensions: Oil prices climb 4pc on signs of more demand NEW YORK: Oil prices climbed about 4% on Tuesday on signs of higher demand in Europe and China, rising tensions in... Published 07 May, 2025 06:06am
Markets Brazil’s Petrobras lowers diesel prices for third time this year SAO PAULO: Brazilian state-run oil company Petrobras will reduce the price of diesel sold to distributors by an... Published 05 May, 2025 08:18pm
Markets Oil prices drop as OPEC+ accelerates output hikes, surplus looms LONDON: Oil prices fell more than 1% on Monday after OPEC+ decided over the weekend to further speed up oil output... Updated 05 May, 2025 05:13pm
Markets Oil falls as traders weigh potential US-China trade talks LONDON: Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some caution about... Updated 02 May, 2025 06:52pm
Markets Oil steady after drop on US economic contraction, possible Saudi supply rise NEW DELHI: Oil prices steadied on Thursday a day after a steep decline triggered by signs that Saudi Arabia, the... Published 01 May, 2025 01:51pm
Markets Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S.... Updated 29 Apr, 2025 08:50pm
Markets Oil prices stable amid economic uncertainty, OPEC+ supply fears LONDON: Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and... Updated 28 Apr, 2025 05:47pm
Markets Oil set for weekly fall amid supply pressure, tariff uncertainty LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3% on the back of oversupply concerns... Updated 25 Apr, 2025 06:49pm
Markets Oil regains ground after 2% drop on potential OPEC+ output increase LONDON: Oil prices recovered some losses on Thursday, with investors weighing a potential OPEC+ output increase... Updated 24 Apr, 2025 05:03pm
Markets Oil prices fall nearly 2%, sources say OPEC+ to consider accelerating oil output in June HOUSTON: Oil prices fell almost 2% on Wednesday as sources said OPEC+ could accelerate its oil output increases next... Updated 23 Apr, 2025 08:33pm
Markets Oil prices stage recovery on new Iran sanctions, equities rally NEW YORK: Oil prices rose more than $1 per barrel on Tuesday as new U.S. sanctions against Iran and rising equity... Updated 22 Apr, 2025 09:36pm
Markets China’s crude oil imports from Russia rebound in March; imports from Malaysia surge Imports from top supplier Russia - including via pipelines and tankers - rebounded in March after a fall in the... Published 20 Apr, 2025 10:19am
Markets Japan crude import down TOKYO: Japan’s customs-cleared crude oil imports fell 7.1% in the 2024 financial year from a year earlier, while... Published 20 Apr, 2025 02:50am
Markets Oil set for weekly rise on new Iran sanctions LONDON: Oil prices rose to the highest in two weeks on Thursday after the United States imposed new sanctions to... Updated 17 Apr, 2025 04:28pm
Markets Oil rises as US issues new sanctions targeting Chinese importers of Iranian oil HOUSTON: Oil prices rose more than $1 a barrel on Wednesday after Washington issued new sanctions targeting Chinese... Updated 16 Apr, 2025 09:27pm
Opinion Stranded gas, strangled industry While the current decline in global energy prices would benefit most manufacturing economies, it poses a serious... Published 16 Apr, 2025 06:29am
Markets HSBC lowers Brent price forecasts on trade tensions, sluggish oil demand HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction... Published 15 Apr, 2025 04:36pm
Markets Pakistan mulls US oil imports to ease trade imbalance, sources say Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US Updated 15 Apr, 2025 10:09pm
Markets Oil prices dip after IEA cuts demand growth outlook LONDON: Oil prices inched down on Tuesday after the International Energy Agency followed OPEC in slashing its oil... Updated 15 Apr, 2025 05:33pm
Markets OPEC cuts global oil demand growth forecasts LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the... Published 15 Apr, 2025 05:54am
Markets OPEC cuts global oil demand growth forecasts, citing US tariffs LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the... Published 14 Apr, 2025 06:23pm
Markets BP makes oil discovery off US Gulf coast BP has made an oil discovery at the Far South field in the U.S. Gulf of Mexico, it said on Monday, as the energy... Published 14 Apr, 2025 05:17pm
Markets Goldman Sachs expects oil prices to decline through 2026 Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of... Published 14 Apr, 2025 08:01am
Markets Oil rises on tariff exemptions and Chinese imports rebound LONDON: Oil prices rose 1% on Monday after U.S. exclusions on some tariffs and Chinese data showing a sharp rebound... Updated 14 Apr, 2025 05:29pm