Oil edges off low as strong export demand drains US crude stocks HOUSTON: Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown... Published 18 Aug, 2022 05:27am
Markets Indian rupee higher on dollar inflows, risk-on sentiment MUMBAI: The Indian rupee strengthened against the US currency on Wednesday, led by dollar inflows after the long... Published 17 Aug, 2022 12:19pm
Markets Oil edges higher as U.S. crude stocks plunge on strong export demand HOUSTON: Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a... Updated 17 Aug, 2022 09:29pm
Markets Oil falls to 6-month low on economic data, awaits news of Iran nuclear deal NEW YORK: Oil prices fell over 2% on Tuesday to their lowest since before Russia’s invasion of Ukraine, as ... Published 17 Aug, 2022 06:07am
Markets US oil neutral in $87.11-$89.34 range SINGAPORE: US oil looks neutral in a range of $87.11-$89.34 per barrel, and an escape could suggest a... Published 16 Aug, 2022 11:22am
Markets Oil drops as China data weighs LONDON: Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data... Updated 15 Aug, 2022 07:20pm
Markets Oil rises as IEA hikes 2022 demand growth forecast LONDON: Oil prices rose by over 1% on Thursday after the International Energy Agency raised its oil demand growth... Updated 11 Aug, 2022 03:42pm
Business & Finance Oil up, rebounds on renewed gasoline demand, weak dollar NEW YORK: Oil prices rose on Wednesday, rebounding from losses early in the session on lift from encouraging figures... Published 11 Aug, 2022 04:35am
Markets Oil drops on Druzhba pipeline restart, jump in U.S. stocks NEW YORK: Oil prices fell on Wednesday as flows on the Russia-to-Europe Druzhba pipeline resumed and after U.S.... Updated 10 Aug, 2022 08:49pm
Markets Oil up as Russian pipeline halt revives supply constraint fears NEW YORK: Oil edged up on Tuesday, reversing an early decline as worries about tightening supply were revived after... Updated 10 Aug, 2022 09:40am
Markets Oil prices hit lowest since Ukraine invasion NEW YORK: Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of... Published 05 Aug, 2022 06:27am
Markets Oil prices hit lowest since Ukraine invasion amid recession fears LONDON: Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of... Updated 05 Aug, 2022 01:11am
Markets Oil falls 4pc, pressured by surprise US crude, gasoline build HOUSTON: Oil prices slid about 4% on Wednesday, with losses accelerating after US data showed crude and gasoline... Published 04 Aug, 2022 05:43am
Markets Oil falls 3%, pressured by surprise US crude, gasoline build HOUSTON: Oil prices slid 3% on Wednesday, with losses accelerating after US data showed crude and gasoline... Updated 03 Aug, 2022 10:49pm
Markets Oil sinks after weak factory data sparks demand concerns NEW YORK: Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on the demand... Updated 01 Aug, 2022 10:13pm
Markets Oil prices surge $4/bbl as chances of OPEC+ supply boost dim NEW YORK: Oil prices jumped more than $4 a barrel on Friday as attention turned to next week’s OPEC+ meeting and... Published 30 Jul, 2022 03:39am
Markets OPEC+ production struggles widen to nearly 3mn bpd MOSCOW: The OPEC+ group produced almost 3 million barrels per day less crude than foreseen by its quotas in June as... Published 29 Jul, 2022 09:15pm
Markets Oil mixed as US gasoline demand rebounds but recessionary fears loom NEW YORK: Oil prices were mixed on Thursday, as concerns about a potential global recession that would knock energy... Published 29 Jul, 2022 06:14am
Markets Oil rises on US inventory drop, Russian gas cuts LONDON: Oil rose by $2 a barrel on Wednesday as a report of lower inventories in the United States and cuts in... Published 28 Jul, 2022 04:41am
Markets Oil falls on additional SPR release, lower consumer confidence NEW YORK: Oil prices fell on Tuesday, paring gains made earlier in the session on lower consumer confidence and the... Published 27 Jul, 2022 05:23am
Markets Oil rises as dollar strength eases, but Fed weighs HOUSTON: Oil prices rose over 1% on Monday, bolstered by supply fears, a dip in the US dollar and stronger equity... Published 26 Jul, 2022 04:31am
Markets Oil slumps on gasoline stockpiles, rate hikes and resuming supply NEW YORK: Oil prices were down about $3 a barrel on Thursday on higher US gasoline stockpiles and after a European... Published 22 Jul, 2022 06:07am
Markets Oil prices fall after US data shows lackluster gasoline demand NEW YORK: Oil prices fell on Wednesday, after U.S. government data showed lower gasoline demand during the peak... Updated 20 Jul, 2022 09:08pm
Markets Saudi Arabia crude exports dip to 4-month low in May Saudi Arabia's crude oil exports in May slipped to a four-month low at 7.050 million barrels per day, data from the... Published 19 Jul, 2022 07:02pm
Markets Oil prices fall on economic slowdown warnings LONDON: Oil prices fell 2% on Tuesday after soaring by more than $5 barrel in the previous session, weighed by fears... Updated 19 Jul, 2022 08:08pm
Markets Oil jumps on Russia gas supply jitters, weaker dollar NEW YORK: Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower... Published 19 Jul, 2022 06:00am
Markets Physical oil trade tells a different story LONDON/NEW YORK: Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of... Updated 18 Jul, 2022 09:06pm
Markets Oil jumps 2.5pc as no immediate Saudi output boost expected NEW YORK: Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output... Published 16 Jul, 2022 04:20am
Markets Oil prices fall ahead of potential large U.S. rate hike LONDON: Oil prices fell more than $2 before paring losses on Thursday as investors focused on the prospect of a... Updated 14 Jul, 2022 07:16pm
Markets Oil mixed after US stock build, big inflation figure NEW YORK: Oil prices were little changed on Wednesday after US oil inventories rose and after US inflation figures... Published 14 Jul, 2022 05:00am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?