UN experts challenge Saudi Aramco over climate change GENEVA: UN experts have written to oil firm Saudi Aramco and its financial backers challenging them on allegations... Published 27 Aug, 2023 01:44pm
Markets Oil down as weak US gasoline demand offsets big draw in crude stocks HOUSTON: Oil prices were down 1 percent on Wednesday as a build in US gasoline stocks fed worries about demand after... Published 24 Aug, 2023 06:22am
Markets Oil slides on grim manufacturing data LONDON: Oil prices slid more than 1% on Wednesday as gloomy global manufacturing data grabbed attention ahead of an... Updated 23 Aug, 2023 05:37pm
Markets Oil steadies as China woes persist LONDON: Oil prices were little changed on Tuesday as investors remained focused on the likelihood of China’s... Updated 22 Aug, 2023 06:44pm
Markets Oil up 1% on tighter supplies and heating oil prices LONDON: Oil prices rose more than 1% on Monday as tighter supply reflected in fewer exports from Saudi Arabia and... Updated 21 Aug, 2023 06:35pm
Business & Finance China’s CNOOC posts 11.3pc fall in H1 profit BEIJING: Chinese national oil and gas company CNOOC Ltd on Thursday posted a 11.3% fall in first-half profit as ... Published 21 Aug, 2023 06:43am
Markets Iran raises September crude prices to Asia SINGAPORE: Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at... Published 18 Aug, 2023 10:17am
Markets Oil’s 7-week winning streak at risk from China economy jitters LONDON: Oil prices looked set to close lower this week following seven weeks of gains, as China’s economic woes... Updated 18 Aug, 2023 07:27pm
Markets Oil rises as dollar eases HOUSTON: Oil prices rose more than 1% on Thursday, after falling for three straight sessions, as the dollar pulled... Published 18 Aug, 2023 05:42am
Markets Oil drops over 1% on worries about Chinese economy NEW YORK: Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s... Updated 15 Aug, 2023 08:33pm
Markets Oil dips further as China worries counter supply cuts HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar... Published 15 Aug, 2023 06:30am
Business & Finance Aramco boosts dividend as Q2 profit drops 38pc to $30.1bn To announce investments in China chemicals sector Published 15 Aug, 2023 06:30am
Markets Oil slips as China worries, stronger dollar weigh LONDON: Oil prices slipped about 1% on Monday as concerns about China’s faltering economic recovery and a stronger... Updated 14 Aug, 2023 06:15pm
Print Iran says oil exports surpass 1.4m bpd target DUBAI: Iran’s oil exports have surpassed the government’s 1.4 million barrels per day target, the head of Iran’s... Updated 14 Aug, 2023 09:59am
Markets Iran says oil exports surpass 1.4 million bpd target DUBAI: Iran’s oil exports have surpassed the government’s 1.4 million barrels per day target, the head of Iran’s... Published 13 Aug, 2023 02:45pm
Print IEA flags OPEC+ supply cuts International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter Updated 12 Aug, 2023 09:53am
Markets Oil prices firm on upbeat demand growth forecasts LONDON: Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the... Updated 11 Aug, 2023 08:14pm
Markets Asian shares hesitant on China deflation risk, bank jitters SYDNEY: Asian shares were on the defensive on Wednesday after data showed that China slipped into deflation in July,... Published 09 Aug, 2023 09:46am
Markets Oil hits new highs as tighter supply offsets China demand concern LONDON: Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing to... Updated 09 Aug, 2023 04:40pm
Markets Oil slips as weak China data offsets tightening supply NEW YORK: Oil prices fell by about 1% on Tuesday after data showed China’s crude imports and exports fell much more... Updated 08 Aug, 2023 09:16pm
Markets Oil dips as end of US driving season weighs on demand HOUSTON: Oil prices fell more than $1 a barrel on Monday following a protracted rally and as markets worried about... Published 08 Aug, 2023 06:37am
Markets Oil dips after sustained rally bolstered by supply cuts LONDON: Oil prices edged lower following a protracted rally, helped by top producers Saudi Arabia and Russia... Updated 07 Aug, 2023 05:06pm
Markets Oil majors still profitable even if super-profits gone PARIS: From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits... Published 07 Aug, 2023 06:34am
Markets Oil up nearly 2pc on supply cuts HOUSTON: Oil prices rose by more than a dollar a barrel on Friday and were on track for a sixth consecutive week of... Published 07 Aug, 2023 06:34am
Business & Finance Saudi Arabia hikes most September oil prices to Asia DUBAI: Top oil exporter Saudi Arabia has raised the prices for most of its crude to Asia in September after... Published 06 Aug, 2023 03:18am
Markets Saudi Arabia extends 1m bpd oil cut DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to... Published 04 Aug, 2023 06:20am
Markets Oil rises as Saudi Arabia extends cuts again LONDON: Oil prices jumped on Thursday after Saudi Arabia extended its voluntary one million barrel per day output... Updated 03 Aug, 2023 09:31pm
Business & Finance July oil sales down 6pc to 1.35MTs YoY KARACHI: Pakistan’s oil sales in July 2023 clocked in at 1.35 million tons, down 6.0 percent on YoY and flat on... Published 03 Aug, 2023 05:54am
Markets Oil prices rise as US inventory data reflect robust demand LONDON: Oil prices surged on Wednesday, trading near their highest levels since April, buoyed by crude and fuel... Updated 02 Aug, 2023 03:35pm
Markets Oil dips on stronger dollar, signs of profit-taking HOUSTON: Oil prices edged lower on Tuesday on a stronger dollar and signs of profit-taking, after rallying in July... Published 02 Aug, 2023 06:47am