Oil rises 1% after Fed, BoE keep rates unchanged LONDON: Oil gained 1% on Thursday to snap a three-day decline as risk appetite returned to financial markets after... Updated 02 Nov, 2023 07:00pm
Markets Oil slightly up as further ECB rate hikes unlikely HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central... Published 01 Nov, 2023 05:57am
Markets Oil edges higher as further ECB rate hikes unlikely HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central... Updated 31 Oct, 2023 09:50pm
Markets Oil falls over 3% as concerns about Mideast supply ease HOUSTON: Oil slipped more than 3% on Monday with U.S. crude oil futures falling more than $3 a barrel as fears eased... Updated 30 Oct, 2023 09:03pm
Markets Oil rises more than $1 on fears of spread of Middle East conflict SINGAPORE: Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria... Published 27 Oct, 2023 09:46am
Markets Oil falls after US stockpiles climb, Middle East tensions in focus SINGAPORE: Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving... Updated 26 Oct, 2023 12:41pm
Markets Oil prices fall after weak European economic data BENGALURU: Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from... Published 25 Oct, 2023 06:19am
Markets Oil drops over 2pc as diplomatic moves in Gaza war ease supply NEW YORK: Oil prices fell over 2% on Monday as diplomatic efforts in the Middle East intensified in an attempt to... Published 24 Oct, 2023 05:05am
Markets Oil prices fall ahead of Biden Middle East trip NEW YORK: Oil prices edged lower on Tuesday as investors wait to see if US diplomatic efforts and a trip by ... Published 18 Oct, 2023 06:09am
Markets Oil rises about 1% despite surge in US crude stockpiles NEW YORK: Oil prices rose on Thursday on expectations that U.S. interest rates had peaked, but gains were capped by... Updated 12 Oct, 2023 09:21pm
Markets Oil prices surge 4% on worries of escalation in Middle East conflict HOUSTON: Oil prices surged 4% on Monday, recouping some of the steep losses last week, as clashes between Israel and... Updated 09 Oct, 2023 08:31pm
Markets Oil prices hold steady, Russia rolls back diesel export ban LONDON: Oil prices were stable but on course for a week-on-week loss, as demand fears due to macroeconomic headwinds... Published 08 Oct, 2023 03:12am
Markets Cnergyico imports Pakistan’s first private-sector Russian crude cargo KARACHI: Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil,... Updated 02 Oct, 2023 03:50pm
Business & Finance Nearby Brent crude spread hits 2023 high on tight supply LONDON: The spread between the front and second month contract for global oil benchmark Brent has widened to its... Published 29 Sep, 2023 06:24am
Markets Oil prices edge higher as economic outlook balances tight supply NEW YORK: Oil prices edged higher on Tuesday after reaching a two-week low earlier in the session, as investors... Updated 26 Sep, 2023 08:44pm
Markets Oil prices nearly flat as Russia eases fuel export NEW YORK: Oil prices were nearly flat in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains... Published 26 Sep, 2023 06:33am
Markets Oil prices rise as Russia fuel export ban stokes supply concerns LONDON: Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted... Updated 22 Sep, 2023 05:49pm
Markets Oil prices eased ahead of Fed rate decision NEW YORK: Oil prices eased on Wednesday ahead of the US Federal Reserve’s interest rate decision, with investors... Published 21 Sep, 2023 06:08am
Markets Oil prices hit 10-month highs on mounting supply concerns Oil prices jumped over 1% on Tuesday to 10-month highs, as weak U.S. shale output compounded supply concerns from... Updated 19 Sep, 2023 08:57pm
Markets Oil prices extend gains toward $95 on tight supply HOUSTON: Global oil benchmark Brent crude neared $95 a barrel on Monday, with investors focused on the prospect of a... Published 19 Sep, 2023 06:31am
Markets Oil gains for third straight week on tight supply BENGALURU: Oil prices hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded ... Published 18 Sep, 2023 06:32am
Markets OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push... Published 13 Sep, 2023 05:05pm
Markets Oil prices extend multi-month highs on supply concerns LONDON: Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight... Updated 13 Sep, 2023 05:01pm
Markets Oil prices jump 2pc to near 10-month high NEW YORK: Oil prices jumped about 2 percent to a near 10-month high on Tuesday on a tighter supply outlook and OPEC... Published 13 Sep, 2023 06:17am
Markets Oil prices hit 10-month high BENGALURU: Oil prices surged 2% on Tuesday to their highest since November, after Saudi Arabia and Russia extended... Published 06 Sep, 2023 03:37am
Markets Oil prices pare gains on OPEC+ production rises HOUSTON: Oil prices retreated from highs hit earlier on Thursday as data showed rises in production in OPEC+... Published 01 Sep, 2023 05:41am
Markets Oil near flat as investors eye impact of Hurricane Idalia NEW YORK: Oil prices were near flat on Wednesday as investors digested Hurricane Idalia’s path and its effect on... Published 31 Aug, 2023 06:00am
Markets Oil steadies as supply concerns counter macroeconomic jitters LONDON: Oil prices were little changed on Tuesday as investors weighed supply concerns from a hurricane hurtling... Updated 29 Aug, 2023 08:39pm
Markets Oil steady; possible rate hikes stoke demand worry HOUSTON: Oil prices were little changed on Monday, pressured by worries further US interest rate hikes could dent... Published 29 Aug, 2023 06:01am
Markets Oil steadies as China moves to support economy, tropical storm in focus LONDON: Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors... Updated 28 Aug, 2023 05:24pm