Oil to open higher as US strikes on Iran boost supply risk premium LONDON: Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran... Published 22 Jun, 2025 06:06pm
Business & Finance Iran adapts to maintain oil exports during conflict: trackers LONDON: Iran is maintaining crude oil supply by loading tankers one at a time and moving floating oil storage much... Published 20 Jun, 2025 06:20am
Markets Oil slips as Israel-Iran strikes spare key energy infrastructure LONDON: Oil prices edged down onMonday, paring back Friday’s 7% surge, as renewed military strikes by Israel and... Updated 16 Jun, 2025 05:22pm
Markets Oil rises to 7-week high on US-China trade deal LONDON: Oil prices rose to their highest in seven weeks on Wednesday as U.S. President Donald Trump said a deal had... Updated 11 Jun, 2025 07:26pm
Markets Oil up 1% at 7-week high on hopes of positive US-China trade talks NEW YORK: Oil prices edged up 1% to a seven-week high on Tuesday on hopes trade talks between the U.S. and China -... Updated 10 Jun, 2025 10:05pm
Markets Oil prices headed for rebound this week as US-China trade talks resume LONDON: Oil prices steadied on Friday and were on track for their first weekly gain in three weeks after U.S.... Updated 06 Jun, 2025 06:21pm
Markets Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in... Published 04 Jun, 2025 08:51pm
Markets Oil eases after US data shows large builds in fuel stocks HOUSTON: Oil prices edged lower on Wednesday after U.S. data showed larger-than-expected inventories of gasoline and... Updated 04 Jun, 2025 08:48pm
Markets Oil prices climb on geopolitical tension concerns NEW YORK: Oil prices climbed about 2% on Tuesday to a two-week high, as persistent geopolitical tensions between... Published 04 Jun, 2025 03:03am
Markets Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day... Published 02 Jun, 2025 11:21am
Markets OPEC+ agrees further accelerated oil output hike for July LONDON/MOSCOW: OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May... Updated 31 May, 2025 06:42pm
Markets OPEC+ may discuss oil output hike larger than 411,000 bpd for July LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the... Published 30 May, 2025 05:32pm
Markets Oil prices fall on possible larger OPEC+ output hike for July HOUSTON: Oil prices fell on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially... Updated 30 May, 2025 09:39pm
Markets OPEC+ may discuss 2027 baselines and agree July hike this week, sources say OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from... Published 28 May, 2025 06:08pm
Markets OPEC+ set to agree July oil output hike this week, sources say LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates... Published 27 May, 2025 06:35pm
Markets Oil steadies after Trump extends EU trade talks deadline LONDON: Oil prices traded around flat on Monday after U.S. President Donald Trump extended a deadline for trade... Updated 26 May, 2025 06:51pm
Markets Saudi poised to increase summer crude burn for power as fuel oil becomes costly SINGAPORE: Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up... Published 20 May, 2025 11:24am
BR Research Oil: Tariff retreat propels price Having dipped to multiyear high, international crude oil price is seemingly on its way to regain the lost ground, as... Published 15 May, 2025 05:42am
Markets OPEC expects slower 2025 oil supply growth from rivals after price drop LONDON: OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers... Published 14 May, 2025 05:38pm
Markets Oil climbs 2% as price drop triggers buying; oversupply worries weigh LONDON: Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a... Updated 06 May, 2025 05:33pm
World Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as... Published 05 May, 2025 06:10pm
Business & Finance Qantas soars as drop in oil prices signals lower jet fuel costs Shares of Australia’s Qantas Airways rose more than 5% on Monday to an over one-month high after oil prices dropped... Published 05 May, 2025 07:41am
Markets Oil prices drop as OPEC+ accelerates output hikes, surplus looms LONDON: Oil prices fell more than 1% on Monday after OPEC+ decided over the weekend to further speed up oil output... Updated 05 May, 2025 05:13pm
Markets OPEC+ to further speed up oil output hikes, four sources say LONDON: OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of... Published 04 May, 2025 03:46pm
Markets OPEC+ countries to open the oil taps despite price slump VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June... Updated 03 May, 2025 07:02pm
Markets Oil falls as traders weigh potential US-China trade talks LONDON: Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some caution about... Updated 02 May, 2025 06:52pm
Markets Oil prices stable amid economic uncertainty, OPEC+ supply fears LONDON: Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and... Updated 28 Apr, 2025 05:47pm
Markets Oil set for weekly fall amid supply pressure, tariff uncertainty LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3% on the back of oversupply concerns... Updated 25 Apr, 2025 06:49pm
Markets Oil regains ground after 2% drop on potential OPEC+ output increase LONDON: Oil prices recovered some losses on Thursday, with investors weighing a potential OPEC+ output increase... Updated 24 Apr, 2025 05:03pm
Markets OPEC+ to consider another accelerated oil output increase for June LONDON: Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month,... Published 23 Apr, 2025 08:41pm