Oil dives 3%, OPEC+ decision fails to allay demand worries NEW YORK: Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the... Updated 03 Jun, 2024 09:04pm
Print OPEC+ extends deep oil production cuts into 2025 LONDON/DUBAI: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to... Updated 03 Jun, 2024 09:21am
Markets Oil settles down ahead of OPEC+ meeting NEW YORK: Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that... Published 02 Jun, 2024 02:53am
Print OPEC+ set to decide oil output policy for 2024, possibly into 2025 LONDON/DUBAI: Despite moving Sunday’s oil output decision-making meeting online, several OPEC+ ministers plan to fly... Updated 02 Jun, 2024 12:23pm
Markets Oil stabilises ahead of US inflation data and OPEC+ meeting LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook... Updated 31 May, 2024 05:19pm
Markets Oil falls as US reports surprise fuel build, weak demand NEW YORK: Oil prices fell again on Thursday, after the US government reported weak fuel demand in the country and a... Published 31 May, 2024 06:58am
Markets Saudi Arabia may cut July oil prices to Asia for first time in 5 months SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may cut prices for most crude grades it sells to Asia in... Published 29 May, 2024 11:14am
Markets Oil prices gain on expectations of OPEC+ extension to output cuts LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts... Updated 29 May, 2024 05:20pm
Markets Oil steadies as OPEC+ restraint balances interest rate concerns LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2... Updated 28 May, 2024 04:38pm
Markets Oil rises ahead of inflation data after downbeat week HOUSTON: Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the... Updated 27 May, 2024 10:06pm
Business & Finance Iran plans to raise oil output to 4m barrels per day DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news... Published 27 May, 2024 05:52am
Markets Oil prices drop as interest rate policy spurs fuel demand worries HOUSTON: Oil prices rose about 1% on Friday, but fell for the week on worries that strong US economic data would ... Published 26 May, 2024 02:56am
Markets Oil holds steady around three-month lows LONDON: Oil prices were stable on Friday but poised to show a weekly loss under pressure from lingering concerns... Updated 24 May, 2024 05:50pm
Markets Oil creeps back up after three days of losses LONDON: Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the U.S.... Updated 23 May, 2024 05:04pm
Business & Finance BP pauses gas-field talks with Venezuela as license expires HOUSTON: Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime... Published 23 May, 2024 05:15am
Markets Oil falls 1% as sticky US inflation weighs on demand at the pump HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates... Updated 21 May, 2024 09:30pm
Markets Oil prices steady NEW YORK: Oil prices were stable on Monday as the market awaited further clues on the likely path of US interest... Published 21 May, 2024 03:39am
Markets Japanese rubber futures rise on supply concerns SINGAPORE: Japanese rubber futures rose more than 2% on Monday amid higher oil prices and supply concerns. The Osaka... Published 21 May, 2024 03:39am
Markets Oil heads for weekly gain on hopes of firmer demand LONDON: Oil steadied on Friday, with global benchmark Brent heading for its first weekly gain in three weeks, as... Updated 17 May, 2024 05:55pm
Markets Oil rebounds, gains 1% after US crude draw, lukewarm inflation data NEW YORK: Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced... Updated 16 May, 2024 12:34am
Markets Oil down on inflation, supply risks in Mideast HOUSTON: Oil prices fell on Tuesday, after fresh US data indicated inflation remains sticky, while potential risks ... Published 15 May, 2024 05:47am
Markets Oil dips as US data suggests inflation stickier than expected LONDON: Oil prices edged lower on Tuesday, after US data suggested inflation remains sticky, while OPEC maintained... Updated 14 May, 2024 07:47pm
Markets Oil benchmark Brent above $84 on perky US, China demand signals LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in... Updated 10 May, 2024 11:57pm
Markets Oil holds near one-week high on rising demand hopes after China, US data NEW YORK: Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in... Updated 09 May, 2024 11:12pm
Markets Oil prices rise NEW YORK: Oil prices edged higher on Wednesday after US oil storage data showed a larger-than-expected draw in crude... Published 09 May, 2024 03:11am
Markets Oil slides as easing supply concerns overshadow ME tensions NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of... Published 08 May, 2024 07:33am
Markets Oil steadies as weak physical markets balance Middle East tensions LONDON: Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle... Updated 07 May, 2024 04:53pm
Markets Oil climbs as Gaza tensions rise, KSA hikes prices HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect... Published 07 May, 2024 07:30am
Markets OMAP for formation of dedicated unit within SIFC LAHORE: The Oil Marketing Association of Pakistan (OMAP) has proposed the establishment of a dedicated unit within... Published 07 May, 2024 06:23am
Markets Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the... Updated 06 May, 2024 04:50pm
