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
Markets Oil falls towards $125 as investors weigh US import ban LONDON: Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the US ban of... Updated 09 Mar, 2022 06:07pm
Markets Oil rises on falling US stockpiles but Iran talks weigh LONDON: Oil prices rose on Thursday after rallying on an unexpected drop in US crude inventories in the previous... Published 10 Feb, 2022 07:08pm
Markets Oil down on Omicron restrictions and China fears LONDON: Oil prices fell on Thursday after measures by some governments to slow the spread of the Omicron coronavirus... Published 09 Dec, 2021 07:48pm
Markets Oil climbs $2 on easing Omicron fears and Iran delay LONDON: Oil prices rose $2 on Tuesday, extending the previous day's almost 5% rebound, as concerns over the impact ... Published 07 Dec, 2021 05:31pm
Markets Oil rebounds towards $72 on Omicron hopes, Iran talks LONDON: Oil climbed by $2 a barrel towards $72 on Monday on hopes the Omicron coronavirus variant would have a less... Published 06 Dec, 2021 06:44pm
Markets Oil rises as OPEC+ poised to act if demand weakens LONDON: Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy... Updated 03 Dec, 2021 04:20pm
Markets Oil rises 2% to one-week high after US taps emergency reserves NEW YORK: Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations... Updated 23 Nov, 2021 09:53pm
Markets Oil steadies near $80 after US taps emergency reserves LONDON: Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50... Published 23 Nov, 2021 06:21pm
Markets US to release oil from reserves after OPEC+ rebuffs call for more crude WASHINGTON: The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in ... Published 23 Nov, 2021 05:48pm
Markets India to release 5mn bbls oil from strategic reserves in coordination with other buyers NEW DELHI: India will release 5 million barrels of oil from its strategic reserves in coordination with other buyers... Published 23 Nov, 2021 05:46pm
Markets Oil prices retreat in face of supply and demand pressures LONDON: Oil prices fell on Monday as rising COVID-19 cases in Europe and a potential release of Japanese oil ... Updated 22 Nov, 2021 05:32pm
Markets Oil drops below $80 on European COVID concerns LONDON: Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to... Published 19 Nov, 2021 05:46pm
Markets Oil near six-week low as China readies crude reserve release LONDON: Oil prices slid to six-week lows on Thursday before recovering some ground, as China said it was moving to... Published 18 Nov, 2021 04:09pm
Markets Oil prices slide as China readies release of crude from strategic reserves TOKYO: Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves... Published 18 Nov, 2021 09:48am
Markets Oil prices head for weekly dip as dollar firms LONDON: Oil prices fell on Friday, wiping out gains from the previous session as the dollar continued to firm on... Published 12 Nov, 2021 05:20pm
Markets Oil approaches $84 as lifting of US travel ban boosts demand LONDON: Oil rose towards $84 a barrel on Tuesday, gaining for a third session, as the US lifting of travel... Published 09 Nov, 2021 05:08pm
Markets Oil gains after US infrastructure bill, plans to address prices LONDON: Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy... Published 08 Nov, 2021 06:26pm
Markets Oil rises after OPEC+ rebuffs US call to boost output LONDON: Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a US call to raise supply to... Published 05 Nov, 2021 07:23pm
Markets Oil prices rise 2% ahead of OPEC+ meeting LONDON: Oil prices rose more than 2% on Thursday, lifted by expectations that OPEC and its allies will stick to slow... Published 04 Nov, 2021 04:56pm
Markets Oil falls further below $85, US inventories and OPEC+ in view LONDON: Oil fell further below $85 a barrel on Tuesday, but it was still not far from a three-year high in choppy... Updated 02 Nov, 2021 06:06pm
Markets Oil rises on demand outlook, despite China fuel reserves release LONDON: Oil prices rose sharply on Monday as expectations of strong demand and a belief that a key producer group... Published 01 Nov, 2021 06:49pm
Markets Oil slips towards $84, heads for weekly drop as supply concerns ease LONDON: Oil slipped towards $84 a barrel on Friday, heading for its first weekly loss in about two months after a... Updated 29 Oct, 2021 07:01pm
Markets Oil drops 1% as US stockpiles sap rally LONDON: Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and ... Updated 27 Oct, 2021 05:36pm
Markets Oil prices edge towards new highs on short supply LONDON: Oil prices edged towards new multi-year highs on Tuesday, supported by a global supply shortage and strong... Published 26 Oct, 2021 06:31pm
Markets Oil prices extend gains to multi-year highs on tight supply WTI touches highest since Oct 2014, Brent hits three-year high Published 25 Oct, 2021 05:45pm
Markets Oil prices hit a fresh three-year high, climb over $85 a barrel Analysts point to a sharp drop in OECD oil stockpiles to their lowest level since 2015 Updated 15 Oct, 2021 07:12pm
Markets Oil prices climb on upgrade to IEA demand forecast LONDON: Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas... Updated 14 Oct, 2021 07:11pm