Oil prices ease as market assesses Middle East tension LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market... Updated 12 Jun, 2025 02:27pm
Markets Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in... Published 04 Jun, 2025 08:51pm
Markets Oil prices climb 2% to 2-week high on geopolitical tension concerns LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite... Updated 03 Jun, 2025 10:15pm
Markets Kazakhstan’s daily oil output falls 4pc in May on lower Tengiz production MOSCOW: Kazakhstan’s oil production fell 4% in May from April due to lower production from the Tengiz oilfield, ... Published 03 Jun, 2025 06:14am
Markets Oil leaps 4% after OPEC+ keeps output increase unchanged LONDON: Oil prices jumped by about 4% on Monday after producer group OPEC+ kept output increases in July at the same... Updated 02 Jun, 2025 08:17pm
Markets OPEC+ may discuss oil output hike larger than 411,000 bpd for July LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the... Published 30 May, 2025 05:32pm
World Saudi Aramco could soon issue Islamic bonds, prospectus shows DUBAI: Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling... Published 30 May, 2025 04:29pm
Markets OPEC+ may discuss 2027 baselines and agree July hike this week, sources say OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from... Published 28 May, 2025 06:08pm
Markets OPEC+ set to agree July oil output hike this week, sources say LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates... Published 27 May, 2025 06:35pm
World Saudi Aramco seeks funds through three-part bond sale Oil giant Saudi Aramco is seeking to raise funds through a dollar-denominated three-part bond sale, fixed income... Published 27 May, 2025 04:57pm
Markets OPEC+ considers delay to April oil supply increases Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April... Published 17 Feb, 2025 04:17pm
Markets OPEC sticks to 2025, 2026 global oil demand growth forecasts LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying... Published 12 Feb, 2025 07:16pm
Markets Russia says it fully complied with OPEC+ oil deal in January MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so... Published 12 Feb, 2025 05:07pm
Business & Finance US sanctions strand Iran, Russia oil on tankers, driving up crude costs SINGAPORE: The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions... Published 12 Feb, 2025 04:14pm
Business & Finance Chevron struggles to replace oil, gas reserves amid Hess deal limbo HOUSTON: Chevron’s oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the... Published 11 Feb, 2025 04:38pm
Markets OPEC takes long-term view of global oil markets, aims for stability NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at... Published 11 Feb, 2025 04:28pm
Markets Oil eases on US fuel demand concerns HOUSTON: Oil prices edged down on Thursday after slower economic growth in the first quarter added to concerns of... Updated 25 Apr, 2024 09:13pm
Markets Oil prices fall as US business activity cools, concerns over Middle East ease NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and... Updated 24 Apr, 2024 09:31pm
Markets Oil falls back after robust EU data as Mideast tensions linger Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market... Updated 23 Apr, 2024 08:23pm
Markets US crude futures climb back into positive territory HOUSTON: U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider... Updated 22 Apr, 2024 09:07pm
Markets Guyana rules out offering crude oil export discounts to India HOUSTON/NEW DELHI: South America’s fastest growing oil producer has turned down the Indian government’s request for... Published 21 Apr, 2023 09:59pm
Business & Finance Russia shifts to Dubai benchmark in Indian oil deal NEW DELHI: Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp agreed to use the... Published 04 Apr, 2023 03:24am
Markets OPEC+ seen sticking with oil output policy at Feb. 1 meeting An OPEC+ panel is likely to recommend keeping the oil producer group’s current output policy unchanged when it meets... Published 30 Jan, 2023 08:44pm
Business & Finance Tullow Oil ups 2022 free cash flow outlook, Ghana tax looms LONDON: West Africa-focused oil producer Tullow Oil on Wednesday raised its 2022 free cash flow guidance to $267... Published 25 Jan, 2023 07:26pm
Markets UAE and US to spur $100bn in clean energy projects ABU DHABI: The United Arab Emirates and the United States have signed a partnership to spur $100 billion of... Updated 01 Nov, 2022 11:19pm
Markets Asia, Middle East ramp up diesel exports to Europe in October SINGAPORE/LONDON: Oil traders are ramping up diesel exports from Asia and the Middle East to Europe in October to... Published 19 Oct, 2022 05:23pm
World Kuwait’s new government sworn in after reshuffle aimed at defusing tensions Kuwait’s crown prince swore in the new government on Monday, state news agency KUNA reported, following a reshuffle... Published 17 Oct, 2022 04:48pm
World Sheikh Mohammed bin Zayed elected UAE president DUBAI: The United Arab Emirates’ leader Sheikh Mohammed bin Zayed al-Nahyan was elected president of the Gulf Arab... Published 14 May, 2022 03:04pm
Markets Saudi Arabia lowers Arab Light oil price to Asia, Europe in June JEDDAH: Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June,... Published 09 May, 2022 05:39am
Markets Exxon earnings hurt by Russia exit, triples buybacks on high oil prices Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall... Published 29 Apr, 2022 08:49pm