Oil dips on prospect of peak US production, despite strong demand signals LONDON: Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak... Updated 15 Nov, 2023 03:56pm
Business & Finance China fuels increase in global oil demand: IEA PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ... Published 15 Nov, 2023 06:09am
Markets Oil climbs as IEA lifts demand growth forecast, US inflation cools LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,... Updated 14 Nov, 2023 08:39pm
Markets Oil gains as OPEC report dampens demand concerns BENGALURU: Oil prices rose by more than 1% on Monday after OPEC’s monthly market report eased market concerns ... Published 14 Nov, 2023 05:08am
Markets OPEC says oil market remains strong despite negative sentiment LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ... Published 14 Nov, 2023 05:08am
Markets Oil steady on caution over demand outlook and Fed rates LONDON: Oil prices held steady on Monday, with market caution heightened by waning demand in the United States and... Updated 13 Nov, 2023 06:48pm
Markets Oil prices up as Iraq backs more output cuts from OPEC+ NEW YORK: Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in... Published 12 Nov, 2023 03:14am
Editorials Oil exploration EDITORIAL: Federal Energy Minister Muhammad Ali’s revelation that up to 70 percent area in Pakistan is still... Published 12 Nov, 2023 03:14am
Markets Oil sputters near three-month lows as demand concerns mount Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in... Updated 08 Nov, 2023 07:17pm
Markets Oil, gas: 70pc area remains unexplored ISLAMABAD: Up to 70 percent area in Pakistan is still unexplored and needs to be evaluated for the exploration of... Updated 08 Nov, 2023 08:31am
Markets Oil prices at 2-1/2 month lows as China data offset supply cuts LONDON: Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of... Updated 07 Nov, 2023 07:18pm
Markets Oil up as Saudi Arabia and Russia stick to supply cuts HOUSTON: Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra... Published 07 Nov, 2023 06:33am
Markets World vegetable oil deficit likely in 2024 NUSA DUA, (Indonesia): A global vegetable oil supply deficit next year is still very likely due to the impact of ... Published 05 Nov, 2023 03:10am
Markets Oil settles down, posts weekly loss as geopolitical risk premium ebbs LONDON: Oil prices settled more than 2% lower on Friday as supply concerns driven by Middle East tensions eased,... Published 05 Nov, 2023 03:10am
Opinion It’s in country’s interest to proactively pursue offshore oil and gas exploration The discovery of oil and gas has remarkably changed the fate of many countries. Not too long ago, people that used ... Published 05 Nov, 2023 03:10am
Markets Oil prices rise after Fed, BoE keep rates unchanged BENGALURU: Oil prices gained more than $2 a barrel on Thursday and were set to break a three-day declining streak as... Published 03 Nov, 2023 06:11am
Markets Oil rises 1% after Fed, BoE keep rates unchanged LONDON: Oil gained 1% on Thursday to snap a three-day decline as risk appetite returned to financial markets after... Updated 02 Nov, 2023 07:00pm
Markets Oil prices up as war rages in ME NEW YORK: Oil prices climbed about 2% on Wednesday on worries the conflict in the Middle East could disrupt oil... Published 02 Nov, 2023 03:15am
Markets Saudi Arabia may hold Arab Light price to Asia steady for December SINGAPORE: Top oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little changed to Asia... Published 01 Nov, 2023 12:01pm
Markets Oil up 2% as war rages in Middle East and investors await Fed statement NEW YORK: Oil prices climbed about 2% on Wednesday on worries the conflict in the Middle East could disrupt oil... Updated 01 Nov, 2023 09:00pm
Markets OPEC oil output rises for third month LONDON: OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by... Published 01 Nov, 2023 05:57am
Markets Oil edges higher as further ECB rate hikes unlikely HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central... Updated 31 Oct, 2023 09:50pm
Markets Oil falls more than 3pc as concerns about Mideast supply ease HOUSTON: Oil slipped more than 3% on Monday as fears eased that the Israel-Hamas war would disrupt supply from the... Published 31 Oct, 2023 05:26am
Markets Oil falls over 3% as concerns about Mideast supply ease HOUSTON: Oil slipped more than 3% on Monday with U.S. crude oil futures falling more than $3 a barrel as fears eased... Updated 30 Oct, 2023 09:03pm
Opinion Net zero and Pakistan’s energy system: no more business as usual Net Zero is an international agreement for climate action that aims to achieve a balanced state of greenhouse gases... Updated 30 Oct, 2023 06:07am
Markets Oil prices up 3pc NEW YORK: Oil prices climbed about 3% to a one-week high on Friday on worries that tensions in Israel and Gaza could... Updated 28 Oct, 2023 06:34am
Markets Oil rises more than $1 on fears of spread of Middle East conflict SINGAPORE: Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria... Published 27 Oct, 2023 09:46am
Markets Oil falls on easing ME fears HOUSTON: Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same ... Updated 27 Oct, 2023 06:17am
Markets The Saudi fund trying to build a post-oil economy RIYADH: As global banking elites attend the Future Investment Initiative forum in Riyadh, a focal point of Saudi... Published 27 Oct, 2023 05:16am
Markets Oil steadies as demand fears counter Middle East conflict LONDON: Oil benchmark Brent hovered around $88 a barrel on Wednesday as demand worries stemming from gloomy economic... Updated 25 Oct, 2023 07:49pm