Oil slides more than 1% as Chinese GDP dents demand hopes LONDON: Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern... Updated 17 Jul, 2023 05:56pm
Markets Oil dips on Chinese and US data, but OPEC+ cuts limit fall LONDON: Oil prices dipped on Monday after weak economic data from top consumers the United States and China, though... Updated 10 Jul, 2023 08:17pm
Markets Oil prices set for second straight weekly gain after US data LONDON: Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand... Updated 07 Jul, 2023 03:16pm
Markets Oil drops 1% as market frets about risk of US rate hike NEW YORK: Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a U.S. interest rate... Updated 06 Jul, 2023 09:01pm
Markets Oil prices rise ahead of U.S. holiday demand indicators BENGALURU: U.S. crude oil gained 3% on Wednesday, narrowing the price gap with global benchmark Brent in a... Updated 05 Jul, 2023 09:18pm
Markets Oil up as market weighs supply cuts against gloomy economic outlook LONDON: Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia... Updated 04 Jul, 2023 05:54pm
Markets Saudi Arabia extends extra 1 mbpd oil output cut to August DUBAI: Saudi Arabia said on Monday it would extend its voluntary oil output cut of one million barrels per day (bpd)... Published 03 Jul, 2023 03:31pm
Markets Russia to cut oil exports by 500,000 bpd in August, Novak says MOSCOW: Russia will cut oil exports by 500,000 barrels per day in August, President Vladimir Putin’s point man on... Published 03 Jul, 2023 03:07pm
Markets Oil rallies on Saudi and Russian supply cuts for August LONDON: Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August,... Updated 03 Jul, 2023 06:01pm
Markets Oil prices fall on concerns of slow fuel demand, weak China data TOKYO: Oil prices fell on Thursday, paring some of the previous day’s gains, as investors took profits on concerns... Updated 29 Jun, 2023 03:22pm
Markets Brent crude slides to discount against Dubai, first time since Nov 2020 SINGAPORE: Brent crude futures slipped to a discount to Dubai quotes on Wednesday for the first time since November... Published 28 Jun, 2023 10:44am
Markets Goldman says interest rates are a persistent drag on oil’s monthly spreads The monthly price spreads for Brent crude futures are facing significant headwinds from the current higher interest... Published 28 Jun, 2023 10:16am
Markets Oil prices fall ahead of US stocks data LONDON: Oil prices slipped on Tuesday ahead of data shedding light on U.S. appetite for fuel during the summer... Updated 27 Jun, 2023 05:25pm
Markets Asia’s naphtha refining profit margin extends loss NEW DELHI: Asia’s naphtha refining profit margin started the week in losses amid poor demand from petrochemical... Published 27 Jun, 2023 06:15am
Markets Naphtha margin down NEW DELHI: Asia’s naphtha refining profit margin posted a weekly loss of about 74% amid poor demand fundamentals... Published 25 Jun, 2023 02:57am
Markets Oil resumes slide on demand worries after latest rate hikes LONDON: Oil dropped over 2% on Friday and was heading for a weekly decline, as a UK interest rate hike added to... Updated 23 Jun, 2023 07:23pm
Markets Oil slumps with interest rate hikes and inventories in focus LONDON: Oil futures fell on Thursday, with trader concern over the impact of a bigger-than-expected Bank of England... Updated 22 Jun, 2023 06:51pm
Markets Gulf stock markets end mixed DUBAI: Stock markets in the Gulf ended mixed on Monday as investors remained cautious amid volatile oil prices and... Published 20 Jun, 2023 03:16am
Markets Asia’s naphtha refining profit margin falls NEW DELHI: Asia’s naphtha refining profit margin declined by about 98% this week amid poor demand fundamentals and... Published 18 Jun, 2023 06:07am
Markets Oil flat as markets debate US crude stocks build HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large... Published 15 Jun, 2023 06:03am
Markets Oil prices stable as gains capped by demand fears LONDON: Oil prices were broadly stable on Friday and were set for a second week of declines as concern over oil... Updated 09 Jun, 2023 08:04pm
Markets Oil falls on potential Iran deal, weak demand prospects NEW YORK: Oil prices fell $3 a barrel on Thursday as demand weakness and a report the US and Iran may be approaching... Published 09 Jun, 2023 06:20am
Markets Oil rises 1pc on Saudi plan to deepen output cuts from July NEW YORK: Oil prices rose by more than one percent a barrel on Monday after top crude exporter Saudi Arabia pledged... Published 06 Jun, 2023 05:33am
Markets Asia Naphtha, Gasoline margin plunges to November lows, crude rises NEW DELHI: Asia’s naphtha refining profit margin tanked to the lowest since Nov. 11 on Monday after crude oil... Published 06 Jun, 2023 05:33am
Markets Oil jumps 3% on US debt ceiling progress, OPEC+ in focus BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and... Published 01 Jun, 2023 11:26pm
Markets Asia naphtha prices fall NEW DELHI: Asia’s naphtha prices fell on Tuesday after rising briefly in the last session, and the Singapore... Published 31 May, 2023 03:56am
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 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 Oil down $3 as Russia downplays additional OPEC+ cuts NEW YORK: Oil prices fell more than $3 at one point on Thursday, after Russian Deputy Prime Minister Alexander Novak... Published 26 May, 2023 06:48am
Markets Oil prices gain 1pc on falling US stockpiles NEW YORK: Oil prices rose over 1% on Wednesday, after a large unexpected drawdown in US crude inventories and a... Published 25 May, 2023 06:27am