Oil jumps 4% as U.S. gasoline prices hit record high, stock markets soar NEW YORK: Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to an all-time high, stock markets... Updated 13 May, 2022 10:27pm
Markets Oil slips more than 2% on fears recession may hit demand LONDON: Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial... Updated 12 May, 2022 03:35pm
Markets Oil jumps as Russia gas flow to Europe falls, EU Russian oil ban looms LONDON: Oil jumped almost 5% on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply... Updated 11 May, 2022 08:18pm
World Biden to blast Republicans as having no plan on inflation WASHINGTON: US President Joe Biden will use a speech on inflation on Tuesday as an attempt to turn his Democratic... Published 11 May, 2022 04:58am
Markets Oil drops, pressured by economic worries, strong dollar HOUSTON: Oil prices fell $1 on Tuesday, with the demand outlook pressured by coronavirus lockdowns in China and... Updated 10 May, 2022 09:36pm
Markets Commodity currencies hit by tumbling oil prices, bitcoin near 10-month low HONG KONG: Falling commodity prices dragged the Australian and Canadian currencies lower on Tuesday, although the... Published 10 May, 2022 10:54am
Opinion Biden sidelined global energy partners with record emergency oil release The United States announced a record-sized release of emergency crude oil reserves in March without consulting... Published 10 May, 2022 05:10am
Markets Oil prices tumble, weighed down by China lockdowns NEW YORK: Oil prices sank 4% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil... Updated 09 May, 2022 08:58pm
Markets Oil rises 2%, set for another weekly rise on supply concerns HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off... Updated 06 May, 2022 09:07pm
Opinion Towards petroleum pricing and subsidies Petroleum prices have been maintained at status quo, but as it appears that it may not be possible to maintain the... Published 06 May, 2022 05:03am
Markets Oil edges up on supply jitters as EU plans Russian oil ban NEW YORK: Oil prices were flat to a little higher on Thursday as a stronger US dollar offset supply concerns after... Updated 05 May, 2022 09:33pm
Markets Oil turns positive on supply concerns, economic data NEW YORK: Oil prices reversed course to trade in positive territory on Monday on fears supply might be crimped by a... Published 03 May, 2022 03:47am
Markets Oil falls on China growth worries as EU weighs Russian crude ban LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world's top oil importer,... Updated 02 May, 2022 08:24pm
Markets FTSE 100 snaps 3-day losing streak LONDON: London’s FTSE 100 inched higher on Tuesday after a three-day sell off, as resource and defensive stocks... Published 27 Apr, 2022 05:19am
World EU needs to recycle more to hit green energy goals PARIS: Europe must act fast to secure supplies of crucial metals required for a green energy transition and its best... Published 26 Apr, 2022 05:20am
Markets Oil tycoon Brigham prepares rare oilfield services IPO NEW YORK: Oil and gas tycoon Bud Brigham is exploring an initial public offering (IPO) of Atlas Sand, people ... Published 20 Apr, 2022 05:12am
Markets Russia should diversify energy exports towards Asia: Putin MOSCOW: Russian President Vladimir Putin on Thursday called for diversification of energy exports towards Asia, ... Published 15 Apr, 2022 05:29am
Markets Oil drops below $100 on reserves release and China lockdowns LONDON: Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record... Updated 11 Apr, 2022 05:04pm
Print Oil, ghee and steel sectors: Input tax adjustment disallowed on 778 goods ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 778 goods on which manufacturers of oil and ghee... Updated 09 Apr, 2022 10:30am
Markets IEA details plan to release 120mn barrels of oil over 6 months to cool prices The International Energy Agency (IEA) on Thursday listed members' contributions to a 120-million-barrel release of... Published 08 Apr, 2022 11:39am
Markets US oil may test support at $93.80 SINGAPORE: US oil may retest a support at $93.80 per barrel, a break below could open the way towards $90.55. The... Published 08 Apr, 2022 11:03am
Markets US oil signals mixed SINGAPORE: Signals are mixed for US oil, and a further development of the chart will suggest a direction. The... Published 06 Apr, 2022 10:51am
Markets Oil slips as IEA nations ready big release from reserves LONDON/NEW YORK: Oil futures edged lower on Wednesday following a surprising rise in U.S. crude stocks and after ... Updated 06 Apr, 2022 09:45pm
Markets Oil benchmarks on course for biggest weekly losses in 2 years LONDON: Oil dipped in and out of negative territory on Friday as members of the International Energy Agency (IEA)... Published 02 Apr, 2022 04:14am
Opinion US and allies may find tapping stockpiles inadequate to plug Russian oil gap Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of... Published 01 Apr, 2022 05:41am
Business & Finance Biden orders unprecedented use of US oil stockpiles to combat fuel prices WASHINGTON: President Joe Biden will announce Thursday the release of a record million barrels of oil a day, for... Published 01 Apr, 2022 05:41am
Markets Gold heads for best quarter in six on Russia-Ukraine war LONDON: Gold was on course to post its biggest quarterly gain since September 2020 as the safe-haven metal’s ... Published 01 Apr, 2022 05:41am
Markets Most Gulf bourses close higher; Egypt extends losses DUBAI: Most stock markets in the Gulf ended higher on Sunday amid strong oil prices, while Egypt’s index tumbled... Published 28 Mar, 2022 05:29am
Markets When it comes to oil, the global economy is still hooked LONDON: The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the ... Updated 25 Mar, 2022 02:43pm
Markets Raw sugar hits two-week high as Brazil’s real, oil firm LONDON: Raw sugar futures on ICE hit a two-week high on Thursday as Brazil’s real currency continued to firm and... Published 25 Mar, 2022 05:47am