Oil falls $2 on demand concerns but set for weekly gain LONDON: Oil prices fell on Friday, depressed by recession fears clouding the demand outlook, but remained on track... Updated 12 Aug, 2022 07:33pm
Markets Oil rises as IEA hikes 2022 demand growth forecast NEW YORK: Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand ... Published 12 Aug, 2022 05:44am
Print Oil demand rises as gas prices surge: IEA Prices of natural gas and electricity have jumped to new records Updated 12 Aug, 2022 10:18am
Markets OPEC, unlike IEA, sees lower 2022 oil demand growth LONDON: OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing... Published 11 Aug, 2022 05:50pm
Opinion Saudi, UAE save oil firepower in case of winter supply crisis OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil... Published 05 Aug, 2022 06:27am
Business & Finance HCCI chief seeks ‘sound economic plan’ from govt HYDERABAD: Presi-dent of Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that appreciation... Published 05 Aug, 2022 06:27am
Markets OPEC+ sees slightly smaller oil market surplus this year, sources say LONDON: OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a... Published 02 Aug, 2022 06:27pm
Markets Oil sinks about 4pc after weak factory data sparks demand concerns NEW YORK: Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the ... Published 02 Aug, 2022 06:58am
BR Research Crude oil – where from here? Oil markets are predicted to be tight for next year, which means prices will stay elevated. OPEC and IEA forecast a... Published 01 Aug, 2022 08:32am
Markets Qatar outperforms Gulf bourses on oil price rise, corporate earnings DUBAI: Most stock markets in the Gulf ended higher on Sunday, with the Qatari index outperforming the region as it... Published 01 Aug, 2022 05:54am
Markets VLSFO spread narrows 7pc in July SINGAPORE: The HiLo fuel oil spread, which is the price difference between front-month 0.5% very low sulphur fuel ... Published 31 Jul, 2022 05:39am
Opinion Europe’s dependence on Russian natural gas Since the start of the Russian-Ukraine war, Nord Stream gas pipeline has been the focus for energy supply to Germany... Published 30 Jul, 2022 03:39am
Markets OPEC+ production struggles widen to nearly 3mn bpd MOSCOW: The OPEC+ group produced almost 3 million barrels per day less crude than foreseen by its quotas in June as... Published 29 Jul, 2022 09:15pm
Markets OPEC+ to weigh holding oil output steady or small hike, sources say LONDON: OPEC and its allies will consider keeping oil output unchanged for September when they meet next week,... Published 28 Jul, 2022 09:21pm
Markets Saudi crude prices to Asia may hit record highs in September SINGAPORE: Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month... Published 28 Jul, 2022 04:28pm
Editorials President Biden’s ME visit EDITORIAL: President Joe Biden’s visit to Saudi Arabia and Israel last week did not fail, but it wasn’t a... Published 24 Jul, 2022 05:04am
Print Top US energy envoy expects further steps from OPEC producers on supplies WASHINGTON: Major crude oil producers have spare capacity and are likely to boost supplies following President Joe... Updated 18 Jul, 2022 11:27am
Print ‘Unrealistic’ energy policies will lead to higher inflation: MbS JEDDAH, (Saudi Arabia): Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was ... Updated 17 Jul, 2022 09:38am
Markets Oil jumps 2.5pc as no immediate Saudi output boost expected NEW YORK: Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output... Published 16 Jul, 2022 04:20am
World Biden heads to Saudi Arabia amid tension on oil, Khashoggi killing JERUSALEM/JEDDAH: President Joe Biden will discuss energy supply, human rights, and security cooperation in Saudi... Updated 15 Jul, 2022 01:20pm
Business & Finance UAE president, in first address, stresses support for energy security DUBAI: The president of the United Arab Emirates said on Wednesday the Gulf OPEC producer would continue to support... Published 14 Jul, 2022 05:00am
World Kremlin hopes Biden will not seek to turn Saudi Arabia against Russia MOSCOW: The Kremlin said on Wednesday that it hoped President Joe Biden’s visit to Saudi Arabia would not be used to... Published 13 Jul, 2022 05:24pm
Opinion Oil price rise There are two recent and important developments that are worth discussion. Firstly, petrol prices were increased on... Published 13 Jul, 2022 05:48am
Opinion Biden seeks to persuade Saudi Arabia to pump more oil as prices soar Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to persuade Riyadh... Published 13 Jul, 2022 05:48am
Markets OPEC forecasts slower oil demand growth in 2023 LONDON: OPEC forecast that world oil demand will rise further next year, but at a slightly slower rate than in 2022,... Published 12 Jul, 2022 04:46pm
World Biden defends decision to visit Saudi Arabia, says rights are on his agenda WASHINGTON: President Joe Biden on Saturday defended his decision to travel to Saudi Arabia saying human rights ... Published 10 Jul, 2022 10:46am
Opinion Inflation, stagflation, recession Years of neoliberal assault globally leading to a diminishing role of government, especially in regulating markets,... Published 08 Jul, 2022 05:36am
Print Oil settles up nearly $4 NEW YORK: Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as... Published 08 Jul, 2022 05:36am
Opinion ‘As warm as the weather in Riyadh’ Poor, oil-importing countries like Pakistan ought to wish US President Joe Biden well as the cold calculus of the... Published 07 Jul, 2022 05:35am
Print OPEC head Barkindo dies at 63 in ‘shock’ to oil cartel VIENNA: OPEC’s secretary general, Nigeria’s Mohammad Barkindo, has died at the age of 63, leaving the oil cartel... Published 07 Jul, 2022 05:35am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn