Oil prices rise as tight supplies compete with economic concerns LONDON: Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a... Updated 15 May, 2023 05:34pm
Business & Finance Oil prices fall on stronger dollar, demand fears NEW YORK: Oil prices fell on Friday and were set to end the week lower for the third straight week, as the market... Published 13 May, 2023 05:59am
Markets Oil prices head for fourth weekly drop as demand fears weigh LONDON: Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the... Updated 12 May, 2023 02:52pm
BR Research Oil bulls mean business Midfield play is often boring – but the one going on in the oil market is anything but. Both sides have had various... Published 12 May, 2023 09:18am
Markets Oil prices slip 1pc, US jobless data and debt-ceiling talks weigh NEW YORK: Oil prices slid about 1% on Thursday as a political standoff over the US debt ceiling stoked recession... Published 12 May, 2023 05:59am
Markets Oil falls 2pc on surprise jump in US crude inventories BENGALURU: Oil prices fell more than a dollar a barrel on Wednesday, ending a three-day rally as an unexpected jump... Published 11 May, 2023 05:54am
Business & Finance Oil prices jump but still on track for third weekly fall HOUSTON: Oil prices jumped on Friday but were set for a third straight week of losses after sharp declines earlier ... Published 06 May, 2023 06:43am
Markets Brent oil may retest resistance at $73.39 Brent oil may retest a resistance at $73.39 per barrel, a break above which could lead to a gain to $74.70. The... Published 05 May, 2023 09:59am
Markets Oil steady after smaller ECB hike, demand concerns linger LONDON: Oil prices were stable after the European Central Bank (ECB) decided on Thursday to slow interest rate... Updated 04 May, 2023 07:34pm
Markets Oil extends losses ahead of expected interest rate hikes LONDON: Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted... Updated 03 May, 2023 02:34pm
Business & Finance Oil slumps 5pc to five-week low amid US debt default fears NEW YORK: Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as US politicians... Published 03 May, 2023 06:35am
Markets Oil falls 4% to five-week low on US default worries, weak economic data NEW YORK: Oil prices sank 4% to a five-week low on Tuesday along with a drop in Wall Street stocks on worries about... Updated 02 May, 2023 11:13pm
Business & Finance Chinese banks seize on Russia, oil trade to internationalise yuan SHANGHAI/ SINGAPORE: Chinese banks are ramping up efforts to promote international use of the yuan, and reporting a... Published 02 May, 2023 05:59am
Markets Oil heads for another monthly decline as weak US data weighs LONDON: Oil prices were heading for another monthly decline on Friday after disappointing US economic data and... Updated 28 Apr, 2023 03:10pm
Print Pakistan all set to get discounted Russian oil ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a... Updated 28 Apr, 2023 08:54am
World Russia says OPEC+ sees no need for further oil output cuts MOSCOW: Russian Deputy Prime Alexander Novak said on Thursday the OPEC+ group of leading oil producers saw no need... Published 27 Apr, 2023 12:57pm
Markets Oil prices stabilize after hefty losses on economic worry NEW YORK: Oil prices steadied on Thursday after the previous day’s price drop on worries about a possible recession... Updated 27 Apr, 2023 10:13pm
Markets Oil slides as recession fears outweigh large US inventory draw NEW YORK: Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report... Updated 26 Apr, 2023 08:32pm
Markets Oil dips $2 as economic uncertainty outweighs China optimism HOUSTON: Oil dropped by $2 a barrel on Tuesday after two sessions of gains as jitters about the global economic... Updated 25 Apr, 2023 09:37pm
Markets Oil prices rise on optimism about fuel demand in China Oil prices rose on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost... Updated 24 Apr, 2023 10:01pm
Markets Oil set for weekly loss as economic uncertainty weighs LONDON: Oil prices were on track for a weekly loss, despite a rise on Friday on strong economic data in the euro... Updated 21 Apr, 2023 09:04pm
Markets Oil prices dip 2% as expected rate hikes take toll LONDON: Oil prices fell to their lowest level in about three weeks on Thursday, as a firmer dollar and rate hike... Updated 20 Apr, 2023 08:08pm
Opinion Yellen goes to school Surely, you can’t be accused of being a pro-Putin conspiracy hack if you’re quoting the US treasury secretary... Updated 20 Apr, 2023 06:52am
Markets Asia’s gasoline weakness drags refining margin below $2/bbl NEW DELHI: Asia’s gasoline margin further weakened amid thin liquidity on Tuesday, pressured by speculation around... Published 19 Apr, 2023 06:36am
Markets Oil slips on economy worries, despite upbeat China data LONDON: Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus from a... Updated 18 Apr, 2023 05:24pm
Business & Finance G7 coalition to keep Russian oil price cap at $60 per barrel WASHINGTON: The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a... Published 18 Apr, 2023 06:21am
Markets Iraq’s northern oil exports stuck due to Turkey negotiations LONDON: Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after... Published 16 Apr, 2023 03:36am
Markets OPEC cites risks to summer oil outlook as backdrop to shock cut LONDON: OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to output cuts ... Published 15 Apr, 2023 06:19am
Markets Oil gains after IEA sees demand rising to record high LONDON: Oil prices edged higher on Friday after the West’s energy watchdog said it expected global demand to rise to... Updated 14 Apr, 2023 05:42pm
Markets Oil falls 1pc on recession fears BENGALURU: Oil prices edged lower on Thursday, after scaling multi-month high levels in the previous session, ... Published 14 Apr, 2023 05:59am