Oil markets shrug off Russian political turmoil LONDON: Oil prices were steady on Monday, with political instability from an aborted revolt by Russian mercenaries... Updated 26 Jun, 2023 07:14pm
Markets Oil dips on demand worries as more rate hikes likely HOUSTON: Oil prices fell on Friday, headed for a weekly decline as traders worried interest rate hikes could sap... Published 26 Jun, 2023 06:38am
Markets Oil slumps over 4pc as interest rate hikes outweigh lower US oil supplies NEW YORK: Oil futures fell over 4 percent on Thursday, as a bigger-than-expected Bank of England rate hike prompted... Published 23 Jun, 2023 06:00am
Markets Asia fuel oil market steadies SINGAPORE: Asia’s fuel oil market held steady on Thursday, while onshore inventories at Singapore fell after a... Published 23 Jun, 2023 06:00am
Business & Finance 80pc of oil imports ferried into Pakistan thru PNSC: chairman KARACHI: Rear Admiral Jawad Ahmed, Chairman and CEO of the Pakistan National Shipping Corporation (PNSC), said a... Published 23 Jun, 2023 06:00am
Markets Oil rallies 1% after hawkish remarks from Fed’s Powell BENGALURU: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S.... Updated 21 Jun, 2023 09:58pm
Markets Oil fall 2pc on weaker Chinese demand NEW YORK: Oil futures fell about 2 percent in choppy trading on Tuesday on forecasts for slower growth of oil demand... Published 21 Jun, 2023 05:21am
Markets Yuan slides after China cuts lending benchmarks; Aussie down SINGAPORE: The yuan slipped toward seven-month lows on Tuesday as China cut lending benchmarks, while the Australian... Published 20 Jun, 2023 09:27am
Markets Oil rises as Chinese economic indicators offer mixed picture LONDON: Oil prices rose on Tuesday after China cut benchmark lending rates in a potential boost to growth but oil... Updated 20 Jun, 2023 05:04pm
Markets Oil falls on uncertainty about Chinese economic growth LONDON: Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh... Published 20 Jun, 2023 03:16am
Markets Oil falls amid China growth uncertainties LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh... Updated 19 Jun, 2023 06:52pm
Markets Iran’s oil exports hit 5-year highs as US holds nuclear talks LONDON: Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, according to... Published 19 Jun, 2023 06:55am
Markets Oil gains for the week as supply cuts balance demand concerns NEW YORK: Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices,... Published 19 Jun, 2023 06:55am
Pakistan ‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries Updated 17 Jun, 2023 10:07pm
Business & Finance OPEC+ oil output cuts are non-political: Putin MOSCOW: Russian President Vladimir Putin said on Friday that decisions made by the OPEC+ group to cut oil production... Updated 17 Jun, 2023 06:58am
Markets UAE’s Fujairah marine fuel sales hit four-month highs in May SINGAPORE: Sales of marine fuel, also known as bunker fuel, hit four-month highs in May at the UAE’s Fujairah,... Published 16 Jun, 2023 11:37am
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets Oil futures up 3pc on strong China refinery data HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump... Published 16 Jun, 2023 06:27am
Markets Oil futures up 2% on strong China refinery data, weaker US dollar NEW YORK: Oil prices rose over 2% to a one-week high on Thursday as the U.S. dollar weakened and data showed a jump... Updated 15 Jun, 2023 09:26pm
Markets Oil flat as markets debate US crude stocks build HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large... Published 15 Jun, 2023 06:03am
Markets Oil steady as markets debate U.S. crude stocks build ahead of Fed rate decision HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large... Updated 14 Jun, 2023 09:40pm
Markets Oil prices rise 3pc after China rate cut NEW YORK: Oil prices climbed 3 percent on Tuesday, recovering from steep losses the previous session, after ... Published 14 Jun, 2023 06:21am
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Markets Oil prices fall, US Fed rate decision in focus LONDON: Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite... Updated 12 Jun, 2023 05:50pm
Markets Oil posts second weekly decline as demand concerns overshadow Saudi cut BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as... Published 12 Jun, 2023 06:26am
Print First-ever crude-laden Russian ship arrives KARACHI/ISLAMABAD: The first-ever Russian oil ship carrying over 45,000 metric tons of crude has arrived at Karachi... Updated 12 Jun, 2023 08:41am
Markets Oil prices stable as gains capped by demand fears LONDON: Oil prices were broadly stable on Friday and were set for a second week of declines as concern over oil... Updated 09 Jun, 2023 08:04pm
Markets Oil rises as Saudi cut supports and focus turns to Fed LONDON: Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential... Updated 08 Jun, 2023 06:03pm
Markets Oil prices higher as Saudi output cuts overshadow weak signals HOUSTON: Oil prices climbed over 1% on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Published 08 Jun, 2023 06:30am
Markets Brent oil may rise to $77.52 Brent oil may break a resistance at $76.45 per barrel, and rise to $77.52. The bounce from the Tuesday low of $74.72... Published 07 Jun, 2023 09:53am