Stocks waver, oil prices fall on recession fears NEW YORK: Stock markets wobbled and oil prices sank on Friday amid growing fears that inflation-fighting interest... Published 20 Jun, 2022 05:51am
Markets Saudi leads decline in Gulf bourses on growth worries DUBAI: Stock markets in the Gulf registered steep losses on Sunday, as investors worried that tighter monetary ... Published 20 Jun, 2022 05:51am
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
Markets Oil slumps 7pc to four-week low on recession worries, strong dollar NEW YORK: Oil prices tumbled about 7% to a four-week low on Friday on worries that interest rate hikes by major... Published 18 Jun, 2022 06:00am
Markets Oil prices fall after rate hikes, but tight supply still in focus LONDON: Oil prices erased early gains to fall to two-week lows on Thursday on the back of inflation concerns... Updated 16 Jun, 2022 05:18pm
Markets Oil prices fall over 1pc as Fed hikes interest rates HOUSTON: Oil prices fell more than 1% on Wednesday as the Federal Reserve raised its target interest rate by... Published 16 Jun, 2022 08:10am
Markets Biden blasts oil refiners for record high gasoline prices, profits WASHINGTON: U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting... Published 15 Jun, 2022 08:19pm
Markets Oil prices fall ahead of expected U.S. interest rate hike LONDON: Oil prices fell on Wednesday on the back of concerns over fuel demand and global economic growth ahead of... Updated 15 Jun, 2022 07:29pm
Markets Oil rises as tight supply outweighs recession, China demand fears LONDON: Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a... Published 15 Jun, 2022 08:22am
Markets Russian oil output up 5% in first half of June Russia’s oil production rose almost 5% in the first half of June compared with May, the Interfax news agency... Published 14 Jun, 2022 05:34pm
Markets Oil jumps 2% as tight supply outweighs recession, China demand fears LONDON: Oil prices rose about 2% on Tuesday as tight global supply outweighed worries that fuel demand would be hit... Updated 14 Jun, 2022 08:01pm
Markets Drilling vs returns. U.S. oil producers' tradeoff as windfall tax threatens U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash ... Published 14 Jun, 2022 12:12am
Markets Oil falls on Beijing’s COVID-19 warning, inflation worries LONDON: Oil dropped almost $1 a barrel on Monday as a flare-up in COVID-19 cases in Beijing and worries about more... Updated 13 Jun, 2022 07:54pm
Markets Major Gulf markets track global peers, oil prices lower DUBAI: Stock markets in the Middle East fell sharply on Sunday, mirroring the previous session’s slide in oil... Published 13 Jun, 2022 06:19am
Markets Biden says ExxonMobil ‘made more money than God’ LOS ANGELES: President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices... Published 12 Jun, 2022 08:24am
Markets Oil dives as US inflation data surges; China imposes lockdowns NEW YORK: Oil prices sank on Friday, after US consumer prices rose more than expected and China imposed new COVID-19... Published 11 Jun, 2022 06:09am
Markets Oil dives as U.S. inflation data surges; China imposes lockdowns NEW YORK: Oil prices sank on Friday, after U.S. consumer prices rose more than expected and China imposed new... Updated 10 Jun, 2022 08:33pm
Pakistan Economic Survey 2021-22: Miftah hopeful forex reserves will rise to $12bn after China payment While launching Economic Survey, finance minister says $2.4bn from Beijing expected soon Updated 09 Jun, 2022 07:52pm
Markets Oil slips on China lockdowns but stays near three-month highs LONDON: Oil prices dipped on Thursday but still hovered near three-month highs after parts of Shanghai imposed new... Updated 09 Jun, 2022 07:10pm
Opinion Oil prices – what to do? – II Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium... Published 09 Jun, 2022 06:18am
Markets Oil jumps to 13-week high on rising US gasoline demand NEW YORK: Oil prices jumped about 3% to a 13-week high on Wednesday as US demand for gasoline has kept rising ... Published 09 Jun, 2022 06:18am
Markets Oil jumps to 13-week high on rising US gasoline demand NEW YORK: Oil prices rose about 2% to a 13-week high on Wednesday as US demand for gasoline has kept rising despite... Updated 08 Jun, 2022 10:12pm
Opinion Oil prices – what to do? – I Petroleum prices have been increased once again. New prices are: petrol Rs209.86 and High Speed Diesel (HSD)... Updated 08 Jun, 2022 08:11pm
Markets Oil steady as economic worries offset tightening of supplies NEW YORK: Oil prices were steady in a seesaw session on Tuesday as worries about economic growth offset supply... Published 08 Jun, 2022 06:19am
Markets Oil price rise boosts Saudi index; Abu Dhabi extends losses DUBAI: Saudi Arabian shares outperformed other Gulf markets to close higher on Monday after the kingdom hiked prices... Published 07 Jun, 2022 05:47am
Markets Asia Distillates-Gasoil refining margins hit fresh record high SINGAPORE: Asian refining margins for 10 ppm gasoil soared to a record high on Monday, buoyed by expectations for... Published 07 Jun, 2022 05:47am
Markets Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal NEW YORK: Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July... Published 07 Jun, 2022 05:47am
Markets Brent oil may test resistance zone of $122.25-$122.42 SINGAPORE: Brent oil may test a resistance zone of $122.25-$122.42 per barrel, a break above which could lead to a... Published 06 Jun, 2022 10:45am
Markets Oil prices hit $120 as Saudi July price rise eclipses OPEC+ deal LONDON: Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that... Updated 06 Jun, 2022 02:41pm
Markets Saudi Arabia may raise July crude oil prices for Asia SINGAPORE: Top oil exporter Saudi Arabia may raise prices of all grades of crude it sells to Asia in July following... Published 06 Jun, 2022 09:38am