More than 20pc of global oil refining capacity at risk LONDON: More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie... Published 31 Mar, 2024 02:53am
Markets Iraq blames foreign firms for delay in crude exports restart from Iraqi Kurdistan region CAIRO: Iraq’s oil ministry said on Monday that foreign companies operating in Iraqi Kurdistan were partly to blame... Published 25 Mar, 2024 10:33am
Markets Oil falls over demand concerns after US inventory build TOKYO: Oil prices fell on Thursday as concerns over low demand following a surprise US crude inventory build... Updated 21 Dec, 2023 01:04pm
Print Brent lurks near $80 as Red Sea tensions spur jitters LONDON: Global oil benchmark Brent hovered near $80 a barrel on Wednesday amid jitters over global trade disruption... Published 21 Dec, 2023 03:54am
Markets Oil perks up after sharp week-long selloff on supply, demand concerns LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after... Published 18 Nov, 2023 06:03am
Markets Oil falls more than 3pc as concerns about Mideast supply ease HOUSTON: Oil slipped more than 3% on Monday as fears eased that the Israel-Hamas war would disrupt supply from the... Published 31 Oct, 2023 05:26am
World Peak in oil demand ‘in sight’ before end of decade: IEA PARIS: Global oil demand could peak before the end of this decade as the energy crisis has accelerated the... Published 14 Jun, 2023 01:43pm
Markets OPEC holds global oil demand view steady, cites US debt ceiling risks LONDON: OPEC’s global oil demand forecast for 2023 was held steady for a third month on Thursday, with the ... Published 12 May, 2023 05:59am
Markets Russia’s oil exports rose but revenue fell ahead of price cap: IEA LONDON: Global oil demand growth will slow next year but will still be at a robust 1.7% as China recovers from... Published 14 Dec, 2022 05:10pm
World India seeks to use global energy challenge as opportunity, says minister NEW DELHI: India, the world's third biggest oil import, hopes to convert the current global oil challenges from the... Published 24 Nov, 2022 11:35pm
Markets Saudi crude exports surge to 29-month high in September BENGALURU: Saudi Arabia’s crude oil exports rose for a fourth straight month in September to the highest in 29... Published 18 Nov, 2022 05:53am
Markets OPEC+ supply shortfall now stands at 3.5pc of global oil demand LONDON: OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global... Published 21 Sep, 2022 05:57am
Markets Oil demand to return to pre-Covid level in 2023: IEA PARIS: Global oil demand will return to pre-pandemic levels next year as China’s consumption recovers from Covid... Published 15 Jun, 2022 03:27pm