Oil prices dip NEW YORK: Oil futures prices settled slightly lower on Friday after a survey showed deteriorating US consumer... Published 16 Jun, 2024 02:40am
World Russia boosts oil revenues LONDON/NEW DELHI: Russian oil exporters are charging more for their oil in major market India than at any time since... Published 15 Jun, 2024 06:57am
Markets Oil prices set for best week in two months on demand outlook LONDON: Oil prices were stable on Friday and on course for their best week in more than two months after solid... Updated 14 Jun, 2024 03:35pm
Markets Oil edges higher as US data offsets impact of Fed rate-cut outlook NEW YORK: Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel... Updated 13 Jun, 2024 11:31pm
Markets Kuwait cuts July crude prices for Asia, document shows SINGAPORE: Kuwait has cut the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in July by 40 cents... Published 12 Jun, 2024 09:41am
Markets Oil little changed as surprise crude stock build caps gains HOUSTON: Oil prices were broadly steady on Wednesday after three key forecasters predicted that global oil... Updated 12 Jun, 2024 09:45pm
Markets Economic Survey: Jul-Mar POL import bill down on lower intake ISLAMABAD: Pakistan’s petroleum import bill declined in the first nine months (July-March) of fiscal year 2023-24... Published 12 Jun, 2024 06:51am
Markets Oil edges up as OPEC sees relatively strong growth in 2024 oil demand HOUSTON: Oil prices edged slightly higher on Tuesday as OPEC stuck to its forecast for relatively strong growth in... Updated 11 Jun, 2024 09:25pm
Markets Oil prices gain 2% to one-week high on hopes of higher summer fuel demand NEW YORK: Oil prices climbed about 2% to a one-week high on Monday, buoyed by hopes of rising fuel demand this... Updated 10 Jun, 2024 09:18pm
Markets Aramco says foreigners grab ‘majority’ of share offering RIYADH: Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in... Published 10 Jun, 2024 06:52am
Markets Saudi Aramco says foreigners grab ‘majority’ of share offering RIYADH: Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in... Updated 09 Jun, 2024 09:47pm
Markets OPEC head rejects criticism over oil deal, says demand is good ST PETERSBURG: OPEC Secretary General Haitham Al Ghais on Thursday defended the recent adjustments to the OPEC+ oil... Published 06 Jun, 2024 01:45pm
Markets Oil extends gains with September Fed rate cut in focus LONDON: Oil extended gains on Thursday, as support from growing expectations of an interest rate cut from the U.S.... Updated 06 Jun, 2024 05:36pm
Markets Oil eases as US crude, fuel stock builds bolster demand jitters HOUSTON: Oil prices edged lower on Wednesday as a surprise build in U.S. crude stocks and larger-than-expected rise... Updated 05 Jun, 2024 08:55pm
Markets Oil drops as OPEC+ decision spotlights shaky demand HOUSTON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this... Published 05 Jun, 2024 08:17am
World Saudi cabinet says it is extending voluntary oil cuts to boost market stability DUBAI: Saudi Arabia’s cabinet on Tuesday welcomed the latest OPEC+ decisions, saying Saudi Arabia’s decision with... Published 04 Jun, 2024 06:47pm
Markets Saudi non-oil activity growth slows in May, PMI shows DUBAI: Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25... Published 04 Jun, 2024 11:14am
Markets Oil drops more than $1 as OPEC+ decision spotlights shaky demand LONDON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this... Updated 04 Jun, 2024 07:29pm
Markets Oil dives 3pc, 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... Published 04 Jun, 2024 06:28am
Markets 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