Global electricity demand upswing 2021 was an exceptional year globally in many ways, and one of them is the sky-rocketing commodity prices and hence... Published 21 Jan, 2022 06:46am
Print Oil market headed for surplus? LONDON: Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the... Updated 20 Jan, 2022 09:52am
Markets IEA warns of potential volatile year for oil market PARIS: The oil market could face another volatile year but demand is surging higher as the sector has weathered the... Published 19 Jan, 2022 05:57pm
Markets World risks more years of high energy prices, emissions: IEA PARIS: The world faces more years of high energy prices and emissions unless the electricity sector changes faster... Published 14 Jan, 2022 05:56pm
Editorials Dealing with TTP terrorists EDITORIAL: Last Thursday, the so-called Tehreek-e-Taliban Pakistan (TTP), ensconced in Afghanistan, declared the end... Published 17 Dec, 2021 04:30am
Markets Oil slips on rising supply, Omicron worries despite U.S. demand surge NEW YORK: Oil prices fell for a third consecutive day on Wednesday on growing signs that supply growth will outpace... Updated 15 Dec, 2021 11:03pm
Markets IEA sees ‘more comfortable’ year for oil market in 2022 PARIS: The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be ... Published 15 Dec, 2021 06:34am
Business & Finance Dollar firms after a dip NEW YORK/LONDON: The US dollar was down slightly on Tuesday after coming back from a dip that nearly wiped out its... Published 15 Dec, 2021 06:34am
Markets Oil drops toward $73, pressured by Omicron concerns Oil prices dropped toward $73 a barrel on Tuesday after the International Energy Agency (IEA) said the Omicron... Published 15 Dec, 2021 01:14am
Markets IEA urges OPEC to take 'necessary steps' to lower oil prices PARIS: The head of the International Energy Agency on Wednesday called on OPEC and its allies to take measures to... Published 24 Nov, 2021 09:25pm
Markets Oil slumps on oversupply warnings NEW YORK: Oil prices fell on Wednesday, continuing a recent streak of weakness, after OPEC and the International... Published 18 Nov, 2021 03:58am
Markets Oil slumps on oversupply warnings, rising COVID-19 cases in Europe NEW YORK: Oil prices fell on Wednesday, continuing a recent streak of weakness, after OPEC and the International... Published 18 Nov, 2021 01:06am
Opinion Good COP, bad COP: UN climate meet praised and panned The COP26 climate talks resuming Monday have so far unfolded on parallel planes, with high-level announcements... Published 09 Nov, 2021 04:48am
World Britain calls time on coal at COP26 as carbon emissions surge GLASGOW: Britain called an end to the era of coal on Thursday, saying 77 countries had pledged to phase out the... Published 04 Nov, 2021 10:53pm
Opinion From doom to boom, energy stocks power out of Covid shock Big oil is back. After enduring a near-death experience during the Covid crisis when demand plummeted and being... Published 22 Oct, 2021 04:13am
Print OPEC+ misses target again, as some members struggle to raise oil output LONDON: OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the... Published 19 Oct, 2021 03:52am
Markets Oil prices rise, as Saudis dismiss supply concerns NEW YORK: Oil prices rose 1% on Thursday after top oil producer Saudi Arabia dismissed calls for additional OPEC+... Published 15 Oct, 2021 04:08am
Markets US crude stockpiles rise, fuel stocks down in most recent week: EIA Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2 million barrels in the last week, EIA says Published 14 Oct, 2021 08:31pm
Markets Falling spare oil capacity underscores need for more investment, IEA says Shrinking global spare capacity underscores the need for increased investments to meet demand further down the road Updated 14 Oct, 2021 05:18pm
Markets Energy crisis could threaten global economic recovery, says IEA LONDON: A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could... Published 14 Oct, 2021 01:27pm
World Russia can help Europe, not using gas as a weapon, says Putin MOSCOW/BRUSSELS/BEIJING: President Vladimir Putin said on Wednesday Russia was not using gas as a weapon and was... Published 14 Oct, 2021 04:14am
World IEA chief pleads for 'real global action' on climate PARIS: As head of the organisation that advises countries on energy policy, Fatih Birol has a blunt message to... Published 12 Oct, 2021 04:44am
Markets IEA chief pleads for 'real global action' on climate PARIS: As head of the organisation that advises countries on energy policy, Fatih Birol has a blunt message to... Published 11 Oct, 2021 09:51am
Print Hydrogen needs $1.2trn for zero emissions goal: IEA PARIS: Governments must step up investment in low-carbon hydrogen to unlock its potential and help the world achieve... Updated 05 Oct, 2021 09:39am
Markets Oil prices slide as U.S. storm threat wanes NEW YORK: Oil prices edged lower on Thursday, falling from a multi-week high a day earlier on profit taking and as... Published 16 Sep, 2021 11:11pm
Markets Saudi, UAE stocks gain after IEA’s oil demand outlook DUBAI: Stock markets in Saudi Arabia and the United Arab Emirates (UAE) closed higher on Wednesday, a day after the... Published 16 Sep, 2021 04:02am
Markets Saudi, UAE stocks gain after IEA's oil demand outlook Saudi Arabia's benchmark index was up 0.3%, led by gains in material and financial shares Published 15 Sep, 2021 07:05pm
Markets Oil turns negative on weak inflation data, improving storm outlook NEW YORK: Oil prices turned negative on Tuesday after new data from the US Labor Department showed inflation cooling... Published 15 Sep, 2021 04:19am
Markets Oil turns negative on weak inflation data, improving storm outlook Oil prices turned negative on Tuesday after new data from the U.S. Labor Department showed inflation cooling and the... Published 15 Sep, 2021 12:08am
Markets Oil settles lower, pares losses despite weak economic data NEW YORK: Oil prices settled lower on Monday, paring steep losses on weak Chinese economic data after sources told... Published 17 Aug, 2021 04:42am