Oil up more than 1pc, on track for second week of gains NEW YORK: Oil rose by about $1 a barrel on Friday and headed for a second straight weekly gain, spurred largely by... Published 23 Jan, 2023 08:05am
Markets Oil prices up 1pc to near 7-week high NEW YORK: Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the US dollar and... Published 19 Jan, 2023 06:31am
Markets China’s COVID-19 reopening set to push 2023 oil demand to new high: IEA LONDON: The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record... Published 18 Jan, 2023 02:24pm
World World enters ‘new age’ of clean energy manufacturing: IEA PARIS: The world is at the “dawn of a new industrial age” of clean energy technology manufacturing that will triple... Published 12 Jan, 2023 02:55pm
Markets Oil prices rise by $2 amid forecasts for 2023 demand uptick LONDON: Oil prices rose more than $2 on Wednesday after OPEC and the International Energy Agency (IEA) both forecast... Published 15 Dec, 2022 06:00am
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
Print Europe can do without Russian gas: IEA PARIS: Europe faces a major shortfall of natural gas in 2023 if Russia completely cuts off deliveries but has... Published 13 Dec, 2022 05:58am
World EU could face gas shortage next year, IEA warns BRUSSELS: The European Union has enough gas for the winter but could face a shortage next year if Russia cuts... Published 12 Dec, 2022 06:00pm
Markets Energy crisis fuels renewables boom: IEA PARIS: The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to... Published 06 Dec, 2022 11:07am
Markets Diesel demand could shrink next year, IEA says LONDON: The International Energy Agency (IEA) on Tuesday forecast a small decline in diesel and gasoil demand next... Published 15 Nov, 2022 06:06pm
World Europe could face gas shortage next year: IEA PARIS: Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in ... Published 04 Nov, 2022 05:56am
Markets Oil rises on weaker dollar and supply worry; trade choppy NEW YORK: Oil prices rose on Tuesday, rebounding from an early fall of more than $1 a barrel on lift from a weaker... Published 26 Oct, 2022 05:52am
Print Fossil fuel CO2 emissions up slightly in 2022: IEA PARIS: Global carbon dioxide emissions from fossil fuel combustion are expected to grow just one percent this year... Updated 20 Oct, 2022 09:53am
Markets Oil prices rise on low diesel stocks ahead of winter HOUSTON: Oil prices traded about $1 higher on Thursday, reversing course as low levels of diesel inventory ahead of... Published 14 Oct, 2022 03:39am
World Europe must lower winter gas consumption: IEA PARIS: Europe must ramp down gas consumption to survive the winter given perilously low stocks amid fears of a total... Published 03 Oct, 2022 05:47pm
Markets LNG markets may tighten further in 2023, IEA's Birol says TOKYO: LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia,... Updated 29 Sep, 2022 07:35pm
Opinion Lower oil prices defy robust forecasts for global demand Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in... Published 17 Sep, 2022 04:27am
Markets Oil steadies but remains on track for weekly decline LONDON: Oil steadied on Friday after a sharp fall in the previous session, but pricess remained on track for a... Updated 16 Sep, 2022 05:32pm
Print China lockdowns weigh on global oil demand: IEA PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global... Published 15 Sep, 2022 05:57am
Markets China lockdowns weigh on global oil demand: IEA PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global... Published 14 Sep, 2022 05:37pm
Business & Finance Russia oil output exceeds expectation, but pressure looms: IEA STAVANGER, (Norway): Russia’s oil output has exceeded expectations in the wake of the war in Ukraine but Moscow... Published 30 Aug, 2022 06:21am
Markets OPEC, IEA oil demand views converging, optimistic over risks: Russell LAUNCESTON: The forecast for global crude oil demand was raised by the International Energy Agency (IEA) and lowered... Published 15 Aug, 2022 11:44am
Markets Winter diesel shock looms as tanks dry up ahead of sanctions LONDON: Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications... Published 12 Aug, 2022 10:53pm
Markets Gasoline margin rises NEW DELHI: Asia’s gasoline crack jumped for a third straight session after US inventories dropped in a bullish... Published 12 Aug, 2022 05:44am
Markets Oil rises as IEA hikes 2022 demand growth forecast NEW YORK: Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand ... Published 12 Aug, 2022 05:44am
Print Oil demand rises as gas prices surge: IEA Prices of natural gas and electricity have jumped to new records Updated 12 Aug, 2022 10:18am
Markets OPEC, unlike IEA, sees lower 2022 oil demand growth LONDON: OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing... Published 11 Aug, 2022 05:50pm
Markets Global electricity demand slowing sharply: IEA PARIS: Global demand for electricity is slowing sharply this year due to sluggish economic growth and runaway energy... Published 21 Jul, 2022 06:24am
Markets EU efforts insufficient to get through winter without Russian gas: IEA PARIS: Europe’s efforts to diversify suppliers will not be enough to get it through winter without Russian gas, ... Published 19 Jul, 2022 06:00am
Business & Finance Supply risks still haunt market despite high oil prices: IEA PARIS: High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the... Published 14 Jul, 2022 05:00am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?