Oil falls for fourth straight session, US demand in focus NEW YORK: Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer US... Published 24 May, 2024 06:27am
Markets Oil slips for third day on prospect of US rates staying high NEW YORK: Oil prices fell nearly 1% on Wednesday, retreating for a third straight day on expectations that US... Published 23 May, 2024 05:16am
Markets Oil slips for third day on likely ‘higher for longer’ US rates LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve... Updated 22 May, 2024 05:37pm
Markets Oil down by 1pc on US inflation HOUSTON: Oil prices declined by more than 1% on Tuesday with lingering US inflation poised to keep interest rates... Published 22 May, 2024 05:54am
Markets IEA trims 2024 oil demand growth forecast, widens gap with OPEC LONDON: The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening... Published 15 May, 2024 08:57pm
Markets Oil down on inflation, supply risks in Mideast HOUSTON: Oil prices fell on Tuesday, after fresh US data indicated inflation remains sticky, while potential risks ... Published 15 May, 2024 05:47am
Markets Govt pins increase in prices of petroleum products to global hike in rates The Ministry of Finance has attributed its latest decision of increasing prices of petroleum products to a hike in... Published 16 Apr, 2024 08:26pm
Markets Iran attack on Israel spurs banks to hike oil price forecasts LONDON: Iran’s weekend attack on Israel has increased geopolitical risks in the oil market for the near term,... Published 16 Apr, 2024 03:38am
Markets Oil steadies on US crude inventories data NEW YORK: Oil prices were broadly level on Wednesday, after official numbers were released for US crude stockpile ... Published 28 Mar, 2024 06:30am
Markets Rupee records marginal gain against US dollar Currency settles at 278.14 against the US dollar in inter-bank market Updated 22 Mar, 2024 08:51pm
Markets Oil falls on weaker US gasoline demand, Gaza ceasefire hopes NEW YORK: Oil prices fell on Thursday, pressured by weaker US gasoline demand data and reports of a United Nations... Published 22 Mar, 2024 04:57am
Markets Oil broadly steady after surprise US crude stock drop LONDON: Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S.... Updated 21 Mar, 2024 07:25pm
Markets Oil slips from highs ahead of Fed decision NEW YORK: Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced... Published 21 Mar, 2024 05:22am
Markets Oil prices slips amid concerns over Middle East, China demand LONDON: Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in... Updated 11 Mar, 2024 06:03pm
Markets Oil dips, posts weekly loss as markets weigh Chinese demand HOUSTON: Oil prices closed 1% lower on Friday and fell even more for the week as markets remained wary of soft... Published 10 Mar, 2024 03:03am
Markets Oil up as OPEC+ cuts override China, US demand concerns LONDON: Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid... Updated 06 Mar, 2024 03:08pm
Markets Oil declines on concerns NEW YORK: Oil prices fell for a second straight session on Tuesday as skepticism around China’s economic growth... Published 06 Mar, 2024 04:18am
Markets Oil climbs ahead of OPEC+ decision NEW YORK: Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply... Published 03 Mar, 2024 02:55am
Markets 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 Rupee remains stable against US dollar Currency settles at 279.11 against the US dollar Updated 29 Feb, 2024 05:52pm
Markets Oil prices steady as US data keeps June rate cuts on the table LONDON: Oil prices were little changed Thursday as January U.S. inflation data reinforced expectations for a June... Updated 29 Feb, 2024 07:32pm
Markets Oil gains on potential OPEC+ cuts HOUSTON: Oil prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a ... Published 29 Feb, 2024 04:41am
Markets Oil set for weekly decline with Fed in no rush to cut interest rates LONDON: Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that... Updated 23 Feb, 2024 06:26pm
Markets Oil rises on shipping tensions HOUSTON: Oil futures rose on Thursday as attacks continued on shipping in the Red Sea near Yemen but a large build ... Published 23 Feb, 2024 06:36am
Markets Oil rises on weaker dollar NEW YORK: Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International... Published 16 Feb, 2024 06:02am
Print Russia eyes additional oil export cuts of about 50,000bpd in Dec MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or... Updated 18 Dec, 2023 08:35am
Markets Oil drops on demand worries HOUSTON: Oil prices fell by 4% on Wednesday, and touched their lowest levels since June, as a larger-than-expected... Published 07 Dec, 2023 04:35am
Markets Oil prices slip on concerns HOUSTON: Oil prices dipped about 1% on Thursday, extending losses on expectations that after OPEC+ might not deepen... Published 24 Nov, 2023 05:29am
Markets Oil prices dive HOUSTON: Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors... Published 17 Nov, 2023 06:06am
Markets Oil tumbles on big US crude stocks build, record HOUSTON: Oil prices fell on Wednesday on a bigger-than-expected rise in US crude inventories and record production ... Published 16 Nov, 2023 05:39am