Global oil's comeback year presages more strength in 2022 NEW YORK: Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and... Published 23 Dec, 2021 11:01am
Markets Oil climbs on weaker dollar, China, amid Omicron caution MELBOURNE: Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some ... Published 22 Dec, 2021 11:14am
Markets Oil prices climb but worries over Omicron linger SINGAPORE: Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron... Published 21 Dec, 2021 12:34pm
Markets Oil prices on track for weekly loss on Omicron uncertainty LONDON: Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron... Published 17 Dec, 2021 08:48pm
Markets Oil slips by more than 1% on rising supply, Omicron LONDON: Oil prices fell for a third day straight on Wednesday on growing signs that supply growth will outpace ... Published 15 Dec, 2021 05:11pm
Markets Oil edges up towards $75, Omicron concerns dominate LONDON: Oil prices edged higher towards $75 a barrel on Tuesday after the International Energy Agency (IEA) said ... Published 14 Dec, 2021 06:58pm
Markets Oil down on Omicron restrictions and China fears LONDON: Oil prices fell on Thursday after measures by some governments to slow the spread of the Omicron coronavirus... Published 09 Dec, 2021 07:48pm
Markets Oil rises as OPEC+ poised to act if demand weakens LONDON: Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy... Updated 03 Dec, 2021 04:20pm
Markets Oil steadies near $80 after US taps emergency reserves LONDON: Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50... Published 23 Nov, 2021 06:21pm
Markets US to release oil from reserves after OPEC+ rebuffs call for more crude WASHINGTON: The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in ... Published 23 Nov, 2021 05:48pm
Markets Oil prices retreat in face of supply and demand pressures LONDON: Oil prices fell on Monday as rising COVID-19 cases in Europe and a potential release of Japanese oil ... Updated 22 Nov, 2021 05:32pm
Markets Oil gains after US infrastructure bill, plans to address prices LONDON: Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy... Published 08 Nov, 2021 06:26pm
Markets Oil rises after OPEC+ rebuffs US call to boost output LONDON: Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a US call to raise supply to... Published 05 Nov, 2021 07:23pm
Markets Oil prices rise 2% ahead of OPEC+ meeting LONDON: Oil prices rose more than 2% on Thursday, lifted by expectations that OPEC and its allies will stick to slow... Published 04 Nov, 2021 04:56pm
Markets Oil prices edge towards new highs on short supply LONDON: Oil prices edged towards new multi-year highs on Tuesday, supported by a global supply shortage and strong... Published 26 Oct, 2021 06:31pm
Markets Oil prices hit a fresh three-year high, climb over $85 a barrel Analysts point to a sharp drop in OECD oil stockpiles to their lowest level since 2015 Updated 15 Oct, 2021 07:12pm
Markets Oil prices climb on upgrade to IEA demand forecast LONDON: Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas... Updated 14 Oct, 2021 07:11pm
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 Oil falls on fears inflation may dent fuel demand growth Brent crude futures fell 70 cents, or 0.8%, to $82.72 a barrel Published 13 Oct, 2021 10:18am
Markets Oil rises as global energy crunch takes hold Oil trades near recent multi-year peaks Global energy crunch shows no signs of easing Fuel switching and demand recovery boosts prices Published 08 Oct, 2021 05:38pm
Markets Oil hits multi-year high on OPEC+ restraint amid global energy crunch OPEC+ on Monday stuck to plan for gradual supply hikes US crude stocks rise 951,000 barrels according to API -report Published 06 Oct, 2021 06:21pm
Markets Oil rises above $78 as OPEC+ meeting looms OPEC and its allies meet on Monday OPEC+ considering boosting supplies, sources say Strengthening US dollar weighs on crude price US oil inventories rise in weekly report Updated 01 Oct, 2021 07:58pm
Markets Oil falls after US inventories swell US oil dipped $1.00 to $73.83. Brent crude for November delivery was down 62 cents at $78.02 a barrel Published 30 Sep, 2021 06:36pm
Markets US has reached out to China about cutting oil imports from Iran WASHINGTON/PARIS: The United States has reached out to China diplomatically about reducing its purchases of Iranian... Published 30 Sep, 2021 04:15am
Markets Oil drops for a second day after rally peters out Brent crude down 62 cents, or 0.8 %, at $78.47 a barrel Updated 29 Sep, 2021 06:26pm
Markets Oil down after deep Saudi price cuts spur demand concerns Saudi cuts Oct prices for Asia by at least $1/bbl US Gulf Coast oil industry struggles with Ida recovery US oil rig count falls most since June 2020 -Baker Hughes Published 06 Sep, 2021 05:09pm
Markets Oil jumps as storm approaches Gulf of Mexico production hub Prices firm on powerful storm forecast in Gulf of Mexico Investors eye Fed speech later today on tapering guidance Brent, WTI on track for about 10% weekly gains Updated 27 Aug, 2021 06:27pm
Markets Indonesia Sept crude palm oil export reference price, export tax set higher September's CPO is set at $1,185.26 per tonne, up from $1,048.62 a month earlier Published 27 Aug, 2021 11:30am
Markets Oil heads for 6% weekly drop as Delta variant spreads Brent, WTI on track for over 6% weekly decline Surging cases of the Delta variant rekindle demand concerns US dollar strength weighs on prices Published 20 Aug, 2021 05:39pm
Markets Oil prices weighed down by weak Asian demand OPEC+ sees no need to meet US call for more supply: sources China refinery output falls to lowest in 14 months US shale oil output to rise to highest since April 2020: EIA Updated 17 Aug, 2021 06:14pm