Oil prices hit 10-month highs on mounting supply concerns Oil prices jumped over 1% on Tuesday to 10-month highs, as weak U.S. shale output compounded supply concerns from... Updated 19 Sep, 2023 08:57pm
Business & Finance OTCA stops oil supply to the whole country ISLAMABAD: The Oil Tankers Contractors Association (OTCA) stopped oil supply on Monday to the whole country as part... Published 19 Sep, 2023 06:31am
Markets Oil prices continue to rally on tight supply LONDON: Global oil benchmark Brent crude hovered above $94 a barrel on Monday, with investors focused on the... Updated 18 Sep, 2023 04:58pm
Markets Oil set for another weekly gain on tight supply and China optimism LONDON: Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts... Updated 15 Sep, 2023 07:16pm
Markets Oil hits 2023 highs on tight supply outlook HOUSTON: Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed... Published 15 Sep, 2023 06:31am
Markets Oil hits 2023 highs on tight supply outlook LONDON: Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as... Updated 14 Sep, 2023 05:24pm
Markets Saudi, Russian oil cuts to cause big supply shortfall: IEA PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of... Published 14 Sep, 2023 06:07am
Markets Oil prices extend multi-month highs on supply concerns LONDON: Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight... Updated 13 Sep, 2023 05:01pm
Markets Fossil fuel demand to peak this decade: IEA chief tells FT PARIS: World demand for oil, gas and coal is forecast to peak this decade for the first time as the use of cleaner... Published 12 Sep, 2023 02:13pm
Markets Oil prices spike on tight supplies and upbeat OPEC LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the... Updated 12 Sep, 2023 08:22pm
BR Research Brent surge continues All eyes are set on two crucial monthly reports due later this week – by the US Energy Information Administration... Published 12 Sep, 2023 09:04am
Markets Oil prices steady around 10-month highs NEW YORK: The benchmark oil price was little changed on Monday, holding above the $90 a barrel reached last week for... Published 12 Sep, 2023 06:22am
Markets Oil prices ease from 10-month highs but hold above $90 a barrel LONDON: Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to... Updated 11 Sep, 2023 04:31pm
Markets Oil cut extension raises risk of Saudi economic contraction this year DUBAI: Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude... Published 10 Sep, 2023 01:01pm
Business & Finance June oil reserves decline 17pc to 193m bbl YoY KARACHI: The country’s oil reserves declined by 17 percent to stand at 193 million bbl in June 2023 as compared to... Updated 09 Sep, 2023 07:01am
Markets Oil slips on weak China outlook HOUSTON: Oil prices edged down on Thursday as an uncertain outlook for demand from China overshadowed the latest US... Published 08 Sep, 2023 06:01am
World US to cancel Alaska oil, gas leases issued under Trump The US Interior Department on Wednesday said it would cancel oil and gas leases in a federal wildlife refuge that... Published 07 Sep, 2023 10:46am
Markets Oil falls as concerns about China outweigh extended cuts LONDON: Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter... Updated 07 Sep, 2023 07:36pm
Markets Oil falls below $90 as markets shuffle back from supply jitters NEW YORK: Oil prices fell below $90 a barrel on Wednesday, after rising over 1 percent the previous session, on a... Published 07 Sep, 2023 06:21am
Markets Saudi non-oil business activity softens in August as output slows sharply DUBAI: The expansion in non-oil business activity in Saudi Arabia, the world’s top oil exporter, eased further in... Published 05 Sep, 2023 11:39am
Markets Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023 LONDON: Oil prices jumped about 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their... Updated 05 Sep, 2023 07:05pm
Markets US oil, gas output nears peak LONDON: US crude oil production increased again in June and is nearing the record high set before the pandemic, but... Published 05 Sep, 2023 06:22am
Markets Oil edges up on prospect of extended OPEC+ supply cuts NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation... Updated 04 Sep, 2023 09:09pm
Markets Oil rises to highest in over seven months on supply worries NEW YORK: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, ... Published 04 Sep, 2023 06:21am
Markets Business community voices deep concern over hike in fuel prices, power tariffs KARACHI: The hike in oil and power prices will have an immediate negative impact on exports, production cost,... Published 02 Sep, 2023 06:30am
Markets Oil rises as Hurricane Idalia threatens to hit tight supplies BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf... Published 30 Aug, 2023 03:33am
Markets Oil steadies as supply concerns counter macroeconomic jitters LONDON: Oil prices were little changed on Tuesday as investors weighed supply concerns from a hurricane hurtling... Updated 29 Aug, 2023 08:39pm
Markets Oil steady; possible rate hikes stoke demand worry HOUSTON: Oil prices were little changed on Monday, pressured by worries further US interest rate hikes could dent... Published 29 Aug, 2023 06:01am
Markets Oil steadies as China moves to support economy, tropical storm in focus LONDON: Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors... Updated 28 Aug, 2023 05:24pm
Markets Oil up 1pc to one-week high on soaring US diesel prices NEW YORK: Oil futures climbed about 1 percent to a one-week high on Friday as US diesel prices soared, the number of... Published 28 Aug, 2023 06:27am