Oil drops 2pc in light trading NEW YORK: Oil prices dipped on Wednesday as traders weighed concerns over a surge in COVID-19 cases in China, the... Published 29 Dec, 2022 05:59am
Markets Oil slumps by $2/bbl, dogged by recession fears NEW YORK: Oil fell by about $2 per barrel on Friday, swept up in a wider rout in global equities on fears of a... Published 19 Dec, 2022 06:00am
Markets Oil drops as price cap proposal eases supply concerns LONDON: Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price ... Published 25 Nov, 2022 05:48am
Markets Oil prices decline as Druzhba pipeline resumes flows BENGALURU: Oil prices fell by more than a dollar on Wednesday as Russian oil shipments via the Druzhba pipeline to... Published 17 Nov, 2022 05:59am
Markets Oil higher as China eases Covid curbs LONDON: Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of ... Published 13 Nov, 2022 03:03am
Markets Oil prices dip on China demand worries, US midterm elections LONDON: Oil prices dipped on Tuesday on growing worries about fuel demand as COVID-19 outbreaks worsened in top ... Published 09 Nov, 2022 03:41am
Markets Oil up nearly 2pc as weaker dollar offsets China concerns NEW YORK: Oil prices rose on Tuesday, recouping losses from the previous session, on optimism that China, the... Published 02 Nov, 2022 04:37am
Markets Oil falls on China Covid curbs and weak factory data LONDON: Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that... Published 01 Nov, 2022 05:55am
Markets Oil rises on strong crude demand, easing recession fears NEW YORK: Oil rose more than $1 a barrel on Thursday, extending the previous day’s rally of nearly 3%, as optimism... Published 28 Oct, 2022 05:58am
Markets Oil jumps 3pc on record high US crude exports NEW YORK: Oil prices surged about 3% on Wednesday, bolstered by record US crude exports and as the nation’s... Published 27 Oct, 2022 05:54am
Markets Oil down on strong dollar, worries about recession, hawkish Fed talk NEW YORK: Oil futures fell for a third day on Wednesday, as a stronger dollar and worries about weaker demand and... Published 13 Oct, 2022 05:59am
Markets Asia fuel oil cash differentials ease SINGAPORE: Asia’s fuel oil cash differentials eased on Wednesday, while inventories at Fujairah climbed to their... Published 13 Oct, 2022 05:59am
Markets Oil slumps 3pc on US rail agreement, demand concerns NEW YORK: Oil futures fell about 3% to a one-week low on Thursday on a tentative agreement that would avert a US ... Published 16 Sep, 2022 06:04am
Markets Oil dips 1pc, reversing gains after bearish US economic data HOUSTON: Oil prices fell about 1% on Tuesday in choppy trading, reversing earlier gains as US consumer prices... Published 14 Sep, 2022 04:45am
Markets Oil prices fall on expectations NEW YORK: Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the US Gulf of Mexico... Published 14 Aug, 2022 05:46am
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 Oil prices, solid earnings boost major Gulf markets; Abu Dhabi retreats DUBAI: Most major Gulf stock markets ended higher on Thursday buoyed by rising oil prices and solid corporate... Published 29 Jul, 2022 06:14am
Markets Oil rises as risk appetite improves, but recessionary fears loom NEW YORK: Oil prices edged higher in choppy trade on Thursday, buoyed by improved risk appetite among investors as... Updated 28 Jul, 2022 09:07pm
Markets Oil rises on US inventory drop, Russian gas cuts LONDON: Oil rose by $2 a barrel on Wednesday as a report of lower inventories in the United States and cuts in... Published 28 Jul, 2022 04:41am
Markets Oil refining margins collapse in Asia, cheaper crude needed LAUNCESTON, (Australia): Refining margins in Asia have collapsed in recent weeks, leaving refiners on the precipice... Published 27 Jul, 2022 05:23am
Markets Oil rises as dollar strength eases, but Fed weighs HOUSTON: Oil prices rose over 1% on Monday, bolstered by supply fears, a dip in the US dollar and stronger equity... Published 26 Jul, 2022 04:31am
Markets Asia’s gasoline margin flips to discount, inventories rise NEW DELHI: Asia’s gasoline margin collapsed to August 2020 levels on Friday, posting a loss of over 102% amid ... Published 23 Jul, 2022 04:10am
Markets Oil prices rise 1pc on supply concerns after price cap on Russian oil HOUSTON: Oil prices rose more than 1% on Friday after Russia said it won’t supply crude to countries that decide ... Published 23 Jul, 2022 04:10am
Markets Oil slumps on gasoline stockpiles, rate hikes and resuming supply NEW YORK: Oil prices were down about $3 a barrel on Thursday on higher US gasoline stockpiles and after a European... Published 22 Jul, 2022 06:07am
Markets Oil mixed after US stock build, big inflation figure NEW YORK: Oil prices were little changed on Wednesday after US oil inventories rose and after US inflation figures... Published 14 Jul, 2022 05:00am
Markets Brent crude settles below $100/bbl on higher dollar, weak demand outlook HOUSTON: Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in ... Published 13 Jul, 2022 05:48am
Markets Oil rises 2pc but set for weekly loss amid recession fears NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as ... Published 09 Jul, 2022 03:57am
Markets HSFO crack slides to 30-month low on steady supply SINGAPORE: The crack for high sulphur fuel oil (HSFO) fell to 30-month lows on Tuesday as steady supply arrivals... Published 06 Jul, 2022 05:35am
Markets Norway oil and gas workers to strike on Tuesday, cutting output OSLO: Norwegian offshore workers will likely go on strike on Tuesday in a stoppage that will cut oil and gas output... Published 05 Jul, 2022 05:19am
Markets Oil rises as tight supply trumps recession fears • Brent and US crude both gain • OPEC’s June output missed target • Strike in Norway could cut output... Published 05 Jul, 2022 05:19am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?