Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by... Published 29 Feb, 2024 08:56pm
Markets Kuwait fuel oil exports rise for second month as Al Zour ramps up SINGAPORE: Kuwait’s fuel oil exports rose for a second month in February, according to shiptracking data from Kpler... Published 29 Feb, 2024 05:43pm
Markets Oil prices firm NEW YORK: Brent crude oil prices were little changed on Monday, with lingering supply concerns from tensions in the... Published 20 Feb, 2024 03:09am
Markets Aramco CEO predicts tighter oil markets, sees Red Sea risks DAVOS: Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the... Published 17 Jan, 2024 06:22pm
Markets Oil rises on Chinese demand but European rate hike fears weigh NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the... Updated 03 Mar, 2023 07:33am
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
Business & Finance Oil prices fall nearly 5pc on worry over global economy NEW YORK: Oil fell nearly 5 percent on Wednesday after slumping in the previous session, weighed down by demand... Published 05 Jan, 2023 05:58am
Markets Asia’s spot fuel oil market firms SINGAPORE: Asia’s spot fuel oil market extended gains on Tuesday, although recovery remains capped as monthly... Published 21 Dec, 2022 06:50am
Opinion Russian oil sold to India below price cap in buyers’ market Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil... Published 15 Dec, 2022 06:45am
Print Oil rebounds, but still on track for biggest weekly declines NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly... Updated 10 Dec, 2022 09:59am
Markets OPEC+ seen heading for oil policy rollover, cut not ruled out LONDON/DUBAI: OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources... Published 02 Dec, 2022 07:11pm
Markets Oil rises as China eases Covid curbs, dollar weakens NEW YORK: Oil rose about $2 a barrel on Thursday after top crude importer China eased Covid curbs in two major... Published 02 Dec, 2022 05:47am
Markets Oil prices rise, but Chinese demand worries linger LONDON: Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand... Updated 25 Nov, 2022 07:12pm
Markets Saudi, Iraqi energy ministers meet, review oil markets The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+... Published 25 Nov, 2022 09:50am
Markets Oil prices settle up NEW YORK: Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed... Published 24 Oct, 2022 06:46am
Print With Iran deal looming, OPEC+ weighs oil cuts DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to... Published 24 Aug, 2022 05:08am
Markets Oil falls 3%, pressured by surprise US crude, gasoline build HOUSTON: Oil prices slid 3% on Wednesday, with losses accelerating after US data showed crude and gasoline... Updated 03 Aug, 2022 10:49pm
Markets Oil up 2pc on supply worries ahead of OPEC+ meeting NEW YORK: Oil futures rose about 2% on Tuesday as traders worried that this week’s meeting of OPEC+ producers may... Published 03 Aug, 2022 06:36am
Markets France wants Iran, Venezuela return to oil markets SCHLOSS ELMAU: France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian... Published 27 Jun, 2022 05:29pm
Markets Oil turbulence could last five years, ExxonMobil boss warns DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said... Published 22 Jun, 2022 08:12am
Markets Copper rebounds as oil claws higher, Shanghai lifts curbs LONDON: Copper prices rebounded on Wednesday, boosted by the lifting of COVID-19 lockdowns in Shanghai and gains in... Published 02 Jun, 2022 06:19am
Print Russian, Saudi foreign ministers praise OPEC+ RIYADH: Russian Foreign Minister Sergei Lavrov met Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh on... Published 02 Jun, 2022 06:19am
Markets Oil volatility ‘worse’ without OPEC+ bloc that includes Russia: Saudi DUBAI: Volatility on oil markets sparked by Russia’s invasion of Ukraine would be worse without OPEC+, the Saudi... Published 29 Mar, 2022 07:55pm
Markets ICE canola futures firm CHICAGO: ICE canola futures climbed on Tuesday, supported by firming edible oil markets, traders said. The nearby ... Published 24 Mar, 2022 05:36am
Print US gasoline prices edge lower after hitting record high last week NEW YORK: US gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week... Updated 14 Mar, 2022 03:51pm
Markets Oil markets fret over supply shock as some buyers shun Russia LONDON: While the West debates potential restrictions on Russian oil and gas, there are signs some buyers are... Published 08 Mar, 2022 07:35pm
Print Oil steadies from decade-highs HOUSTON: Oil eased after hitting prices not seen in roughly a decade on Thursday, as sellers jumped on hopes that ... Updated 04 Mar, 2022 10:46am
Print Oil surpasses $100, stocks slump NEW YORK: Oil prices broke above $100 a barrel on for the first time since 2014 and stock markets slumped globally ... Published 25 Feb, 2022 06:19am
Markets Oil price turns negative in response to Ukraine uncertainty NEW YORK: Oil prices turned negative on Wednesday, after rising earlier on reports that Ukraine’s government,... Published 24 Feb, 2022 06:34am
Markets Iraq strengthens grip on India oil market, with highest volumes in 29 months NEW DELHI: India's imports of oil from Iraq surged in January to a 29-month high of about 1.3 million barrels per ... Published 17 Feb, 2022 05:33pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
