Saudi Arabia eyes OPEC+ production increase: WSJ Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on... Published 21 Nov, 2022 08:34pm
Markets Asia fuel oil SINGAPORE: Asia’s fuel oil market held steady to slightly softer on Thursday as cash premiums dipped amid thin... Published 19 Aug, 2022 07:06am
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 OPEC+ sees slightly smaller oil market surplus this year, sources say LONDON: OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a... Published 02 Aug, 2022 06:27pm
World U.S. manufacturing slows modestly; excess inventories weigh on new orders WASHINGTON: U.S. manufacturing activity slowed less than expected in July and there were signs that supply... Published 01 Aug, 2022 10:09pm
Markets Oil outshines stocks and dollar in 2022 LONDON: Oil prices are proving resilient to global economic recession fears and have outperformed major equity... Published 01 Aug, 2022 10:03pm
BR Research Crude oil – where from here? Oil markets are predicted to be tight for next year, which means prices will stay elevated. OPEC and IEA forecast a... Published 01 Aug, 2022 08:32am
World Putin and Saudi crown prince talk oil MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman spoke about the oil... Published 22 Jul, 2022 12:50am
Markets Bankrupt Sri Lanka opens oil market to foreign firms COLOMBO: Cash-strapped Sri Lanka announced Tuesday it was opening its oil market to foreign competition, a day after... Published 29 Jun, 2022 05:44am
Markets Oil prices weaken on hawkish Fed rhetoric, concerns about demand NEW YORK: Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that... Updated 23 Jun, 2022 09:15pm
Markets Exxonmobil CEO expects tight oil market to last years DOHA: ExxonMobil CEO Darren Woods on Tuesday said it would take time for energy market volatility to end and that he... Published 21 Jun, 2022 07:15pm
Markets OPEC’s Barkindo says common objective with non-OPEC partners is market stability BAGHDAD: The common objective of the Organization of the Petroleum Exporting Countries and its non-OPEC partners has... Published 18 Jun, 2022 04:46pm
BR Research Oil: Bulls and more bulls There is nothing doing at the oil market, which continues to be tight. What would be usually considered a big deal ... Published 08 Jun, 2022 10:45am
Markets How the Ukraine conflict is reshaping global oil markets LONDON: Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to... Published 30 May, 2022 10:32am
Markets OPEC authorises Iraq to increase output to 4.5mn bpd from June Iraq's representative at OPEC said the organisation had agreed to the country increasing its output to 4.5 million... Published 14 May, 2022 07:35pm
Markets Saudi bourse extends losses; Qatar edges higher Saudi Arabia’s shares fell on Wednesday, extending losses from the previous session as investors booked profits... Published 11 May, 2022 07:01pm
Markets Oil market sinks on China demand fears LONDON: Oil sank Monday on Chinese demand fears, the recent release of strategic reserves, and dimming hope of a... Published 11 Apr, 2022 07:37pm
Markets Global oil supply disruptions approaching 5-6m bpd NEW YORK: Global oil supply disruptions are approaching 5-6 million barrels per day (bpd), according to Reuters’... Published 30 Mar, 2022 06:08am
Markets Oil dips on Russia-Ukraine talks, US inventory data NEW YORK: Oil lost ground for the fifth time in the last six days on Wednesday as traders reacted to hoped-for... Published 17 Mar, 2022 04:53am
Markets Oil slides 2% as Iran talks overshadow Ukraine crisis NEW YORK: Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final... Published 17 Feb, 2022 11:43pm
Markets IEA's Birol again urges OPEC+ to narrow gap between oil targets and output RIYADH: The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to... Published 16 Feb, 2022 01:06pm
Markets Tight oil market could see prices hit $125, says JP Morgan Shortfalls in OPEC+ production and spare capacity concerns are likely to keep the oil market tight and prices could... Published 14 Feb, 2022 06:49pm
Print Saudi Arabia, UAE could ease oil market volatility: IEA LONDON: Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more... Published 12 Feb, 2022 05:09am
Markets Oil prices gain after IEA says market tight LONDON: Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were... Published 12 Feb, 2022 05:09am
Markets Saudi Arabia and UAE could ease oil market volatility, IEA says LONDON: Saudi Arabia and the United Arab Emirates (UAE) could help to calm oil markets if they pumped more crude, ... Published 11 Feb, 2022 07:09pm
Markets Saudi Arabia will help stabilise oil market, Crown Prince tells Japanese PM TOKYO: Saudi Arabia's Crown Prince Mohammed bin Salman told Japanese Prime Minister Fumio Kishida in a phone... Published 03 Feb, 2022 07:01pm
Markets Oil market faces rocky road as shock absorbers wear thin LONDON: An increase in oil output by producer nations cashing in on expensive crude has depleted the cushion of ... Published 27 Jan, 2022 04:05am
BR Research Oil price: Bulls are staying! As international crude oil prices hit a 2-month high earlier this week, hopes of a likely respite are fading fast.... Published 14 Jan, 2022 07:58am
Markets Oil prices extend rise on reduced fears of Omicron-induced demand slump NEW YORK: Oil prices bounced in a light-volume session on Thursday, on signs that the worst effects of the Omicron... Published 24 Dec, 2021 05:43am