Markets Oil prices rise after US debt deal, all eyes on OPEC meeting LONDON: Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil... Updated 02 Jun, 2023 05:50pm
Markets OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite... Published 01 Jun, 2023 07:40pm
Markets Oil steadies as U.S debt bill progress balanced by higher inventories LONDON: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on... Updated 01 Jun, 2023 03:17pm
Markets Brent oil may fall into $71.99-$72.83 range Brent oil may break a support of $73.35 per barrel and fall into a range of $71.99-$72.83. The contract is riding on... Published 31 May, 2023 10:13am
Markets Oil falls on weak China data, stronger US dollar LONDON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised... Updated 31 May, 2023 07:44pm
Markets Oil slides 4% on worries about US debt ceiling, OPEC+ talks NEW YORK: Oil prices fell by about 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt... Updated 30 May, 2023 09:48pm
Markets Asia naphtha refining profit margin down NEW DELHI: Asia’s naphtha refining profit margin was down slightly on Monday after rising about 16% last week,... Published 30 May, 2023 03:37am
Markets Oil dips as rate hike bets offset US debt deal HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand... Updated 29 May, 2023 09:57pm
Markets Brent oil may retest support of $75.11 Brent oil may retest a support of $75.11 per barrel, a break below which could open the way towards $73.65. The deep... Published 26 May, 2023 09:59am
Markets Oil prices up 1% as US closes in on debt deal HOUSTON: Oil prices rose 1% on Friday as U.S. officials appeared close to striking a debt ceiling deal, and as the... Updated 26 May, 2023 10:07pm
Markets Brent oil still targets $79.81 Brent oil still targets $79.81 per barrel, as suggested by its wave pattern and a projection analysis. The contract... Published 25 May, 2023 10:00am
Markets Oil down nearly 3% as Russia downplays additional OPEC+ cuts LONDON: Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of... Updated 25 May, 2023 08:00pm
Markets Brent oil may test resistance at $78.32 Brent oil may test a resistance at $78.32 per barrel, a break above could lead to a gain to $79.81. The contract has... Published 24 May, 2023 10:37am
Markets Brent oil may approach resistance $77.40 again Brent oil may approach a resistance at $77.40 per barrel again, as it refused to fall to its May 15 low of $73.49.... Published 23 May, 2023 09:39am
Markets Oil rises on supply outlook, Saudi speculator warning LONDON: Oil rose on Tuesday supported by optimism the U.S. would avoid a debt default, a tighter market outlook and... Updated 23 May, 2023 08:57pm
Markets Asia to drive oil demand growth in second half, says Vitol DUBAI: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a... Published 22 May, 2023 10:21pm
Markets Brent oil may revisit May 15 low of $73.49 Brent oil may revisit its May 15 low of $73.49 per barrel, as it has completed a bounce from this level. The bounce... Published 22 May, 2023 09:28am
Markets Brent oil may retest resistance zone of $76.65-$77.40 Brent oil may retest a resistance zone of $76.65-$77.40 per barrel, as suggested by its wave pattern and a rising... Published 19 May, 2023 09:48am
Markets Brent oil may retest resistance at $77.40 after correction Brent oil may retest a resistance at $77.40 per barrel, probably after a shallow correction to $75.90. The surge on... Published 18 May, 2023 09:49am
Markets Oil prices broadly stable as all eyes on US debt talks LONDON: Oil prices were broadly stable on Thursday as traders warily watched for signs of progress on talks to raise... Updated 18 May, 2023 06:31pm
Markets Brent oil neutral in $74.43-$76.09 range Brent oil looks neutral in a range of $74.43-$76.09 per barrel, and an escape could suggest a direction. The... Published 17 May, 2023 12:22pm
Markets Oil rises on debt ceiling, demand optimism Oil prices rose 2% on Wednesday as optimism on oil demand and US debt ceiling negotiations outweighed supply... Updated 17 May, 2023 09:38pm
Markets Brent oil may test resistance zone of $76.09-$76.65 Brent oil may test a resistance zone of $76.09-$76.65 per barrel, a break above which could lead to a gain to... Published 16 May, 2023 10:58am
Markets Brent oil may break support at $73.68 and fall more Brent oil may test a support at $73.68 per barrel, with a good chance of breaking below this level and falling... Published 15 May, 2023 10:05am
Markets Oil prices rise as tight supplies compete with economic concerns LONDON: Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a... Updated 15 May, 2023 05:34pm
Markets Brent oil may retrace further to $73.65 Brent oil may retrace further to $73.65 per barrel, as its bounce from $71.28 has completed. The completion was... Published 12 May, 2023 10:39am
Markets Oil prices head for fourth weekly drop as demand fears weigh LONDON: Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the... Updated 12 May, 2023 02:52pm
Markets Oil prices slip 1%, US jobless data and debt-ceiling talks weigh NEW YORK: Oil prices slid about 1% on Thursday as a political standoff over the US debt ceiling stoked recession... Updated 11 May, 2023 09:01pm
Markets China’s April crude oil imports fall to lowest since January BEIJING: China’s crude oil imports fell in April to the lowest level since January, customs data showed on Tuesday,... Published 09 May, 2023 09:22am
Markets Brent oil may retest resistance at $73.39 Brent oil may retest a resistance at $73.39 per barrel, a break above which could lead to a gain to $74.70. The... Published 05 May, 2023 09:59am