Oil rises as investors bet on tighter supply, China’s economy LONDON: Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks... Updated 01 Apr, 2024 03:00pm
Markets South Sudan oil revenue dwindles JUBA: South Sudan’s revenue from crude oil sales has dwindled as war in neighbouring Sudan shut down a pipeline to... Published 31 Mar, 2024 02:53am
Markets More than 20pc of global oil refining capacity at risk LONDON: More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie... Published 31 Mar, 2024 02:53am
Markets Fragile South Sudan risks turmoil over oil disruption: experts JUBA: Oil-dependent South Sudan is at risk of economic and political turmoil over the shutdown of a key pipeline in... Published 30 Mar, 2024 06:47am
Editorials Oil smuggling EDITORIAL: It’s shocking that at least 4,000 MT of smuggled oil still finds its way into Pakistan every day,... Published 30 Mar, 2024 04:58am
Markets Oil, gas production decreased in the first quarter HOUSTON: Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the... Published 29 Mar, 2024 04:45am
Markets Oil prices advance on tighter supply outlook LONDON: Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter... Updated 28 Mar, 2024 05:41pm
Markets Oil steadies on US crude inventories data NEW YORK: Oil prices were broadly level on Wednesday, after official numbers were released for US crude stockpile ... Published 28 Mar, 2024 06:30am
Markets Yen hits 34-year low ahead of key US inflation test SINGAPORE: The dollar climbed on Wednesday in the wake of more strong US economic data, nudging the Japanese yen to... Published 27 Mar, 2024 09:57am
Markets Oil falls for second day as US crude inventories surge LONDON: Oil prices fell for a second day on Wednesday on surging U.S. stockpiles and signs the OPEC+ producer group... Updated 27 Mar, 2024 06:33pm
BR Research Smuggling back in surge Petrol smuggling is back. Earlier this week, the Chairman Oil Companies Advisory Council (OCAC) wrote a hard-hitting... Published 27 Mar, 2024 07:04am
Markets Indian Oil awaits sanctions relief extension to resume Venezuelan oil buy NEW DELHI: India’s top refiner Indian Oil Corp will consider resumption of Venezuelan oil purchases if the US... Published 27 Mar, 2024 04:38am
Business & Finance Oil settles higher HOUSTON: Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks... Published 26 Mar, 2024 04:20am
Markets Intervention threat curbs dollar’s ascent towards new high on the yen SINGAPORE: The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the... Published 25 Mar, 2024 09:52am
Markets Oil up on supply concerns as Russia orders output cuts HOUSTON: Oil prices rose on Monday as the Russian government ordered producers to curb output as hostilities between... Updated 25 Mar, 2024 09:55pm
Markets Oil steady as Gaza ceasefire talks gain traction LONDON: Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the... Updated 22 Mar, 2024 04:31pm
Pakistan ‘Price hike can ultimately lead to political crisis’ KARACHI: Chairman of National Business Group Pakistan, Mian Zahid Hussain said that increasing prices of ... Published 22 Mar, 2024 04:57am
Markets Oil prices climb as attacks on Russian energy facilities intensify LONDON: Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as... Updated 18 Mar, 2024 05:29pm
Markets Oil prices drift lower HOUSTON: Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices... Published 17 Mar, 2024 02:49am
Markets Oil prices dip, but set to end week over 3% higher Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy... Updated 15 Mar, 2024 08:32pm
Business & Finance IEA raises oil demand outlook again but still lags OPEC LONDON: The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time ... Published 15 Mar, 2024 04:14am
Markets Indian bond traders cautious as 10-year US yield touches 4.20% MUMBAI: Indian government bond yields trading sideways, with a cautious bias, in early trades on Thursday, as US... Published 14 Mar, 2024 10:21am
Markets Oil prices rise as revised IEA forecasts suggest tighter market LONDON: Oil prices rose on Thursday as investors digested the International Energy Agency’s (IEA) latest oil market... Updated 14 Mar, 2024 09:19pm
Markets Oil prices up 2pc to 4-month high NEW YORK: Oil prices rose about 2% to a four-month high on Wednesday on a surprise withdrawal in US crude... Published 14 Mar, 2024 03:00am
Markets Oil prices rise slightly as OPEC retains demand forecasts NEW YORK: Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC’s demand... Updated 12 Mar, 2024 09:56pm
Markets Oil prices mixed as ME supply concerns ease NEW YORK: Oil prices were little changed on Monday as concern eased that fighting in the Middle East would disrupt... Published 12 Mar, 2024 04:28am
Markets Oil prices climb on small build in US crude stocks NEW YORK: Oil prices climbed about 2% on Wednesday on a smaller-than-expected build in US crude inventories, a big... Published 07 Mar, 2024 04:59am
Markets Oil inches lower amid profit taking on OPEC+ cut extension LONDON: Oil prices drifted lower on Monday as traders indulged in some profit taking a day after the widely expected... Updated 04 Mar, 2024 05:46pm
Markets Oil climbs ahead of OPEC+ decision NEW YORK: Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply... Published 03 Mar, 2024 02:55am
Markets Oil rises 1% as markets await OPEC+ decision LONDON: Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply... Updated 01 Mar, 2024 05:53pm