Oil hits fresh 7-year highs, closing out seven weeks of gains NEW YORK: Oil prices surged to fresh seven-year highs on Friday, headed for a seventh straight weekly increase, ... Published 05 Feb, 2022 05:47am
Markets Oil prices edge upward, bolstered by supply concerns NEW YORK: Oil prices edged higher on Thursday, maintaining their upward trajectory built on expectations that supply... Published 04 Feb, 2022 04:43am
Business & Finance Canadian dollar weakens TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as oil prices fell and a sell-off in... Published 04 Feb, 2022 04:43am
Markets OPEC+ unlikely to hike output faster despite oil price rally, sources say LONDON: OPEC+ will likely stick to existing plans for a moderate oil output rise when it meets on Wednesday, sources... Published 02 Feb, 2022 04:00pm
BR Research Oil price extravaganza The recent hike in international crude oil prices has been a mix of fundamentals and geopolitics. Brent crude oil... Published 02 Feb, 2022 07:47am
Markets Oil edges higher on tight supply and post-pandemic recovery TOKYO: Oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies... Published 01 Feb, 2022 09:54am
Print Top oil producers to meet amid record crude prices LONDON: The world’s top oil-producing countries will meet on Wednesday to discuss a further increase in output,... Updated 01 Feb, 2022 09:19am
Markets Oil rises, heads for best month since Feb 2021 on supply concerns Brent crude rises $1.07, or 1.2%, to $91.10 a barrel at 0325 GMT Published 31 Jan, 2022 12:07pm
Markets Oil hits over 7-year high on political risks, supply crunch BENGALURU: Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global... Published 29 Jan, 2022 06:05am
Markets TSX rises TORONTO: Canada’s main stock index rose on Thursday as heavyweight energy stocks tracked gains in oil prices, ... Published 28 Jan, 2022 04:44am
Markets Saudi crude exports hit 19-month high in November: JODI Saudi Arabia's monthly crude oil exports in November rose to 6.949 million barrels per day (bpd), the highest since... Published 20 Jan, 2022 07:15pm
Markets Oil hits 2014 highs as Turkey outage adds to supply concerns NEW YORK: Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly... Published 20 Jan, 2022 04:21am
Print OPEC sees well supported oil market in 2022 LONDON: OPEC on Tuesday stuck to its forecast for robust growth in world oil demand in 2022 despite the Omicron... Published 19 Jan, 2022 06:15am
Opinion Saudi-Polish deal dents Russian oil dominance in Baltic Saudi Arabia’s planned purchase of Polish refining assets is set to put OPEC’s top producer in charge of two... Published 18 Jan, 2022 04:20am
Markets Oil edges higher as rising Libyan output offsets supply concerns LONDON: Oil prices rose modestly on Monday as investor bets that global supply will remain tight amid restraint by... Published 17 Jan, 2022 11:07pm
BR Research Oil price: Bulls are staying! As international crude oil prices hit a 2-month high earlier this week, hopes of a likely respite are fading fast.... Published 14 Jan, 2022 07:58am
Markets Oil tops $83, as Omicron impact expected to be short lived NEW YORK: Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising... Published 12 Jan, 2022 04:25am
Markets Oil prices edge up on Kazakhstan, Libyan supply worries SINGAPORE: Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from... Updated 10 Jan, 2022 01:09pm
Markets Oil rallies even as OPEC+ lifts output, US fuel demand slips NEW YORK: Oil prices rose on Wednesday, extending gains even after OPEC+ producers stuck to an agreed output target... Published 06 Jan, 2022 04:13am
Print OPEC+ agrees oil output increase from February LONDON/MOSCOW: OPEC+ agreed on Tuesday to stick to its planned increase in oil output for February because it ... Published 05 Jan, 2022 05:36am
Markets OPEC, allies set for another modest oil output hike LONDON: OPEC and its allies are expected on Tuesday to maintain their practice of modestly boosting oil output as ... Updated 04 Jan, 2022 05:26pm
Print OPEC+ expected to stick with planned Feb output increase LONDON/MOSCOW: OPEC+ is expected to stick to its plans to increase output in February when it meets on Tuesday,... Published 04 Jan, 2022 06:54am
Markets ME Crude: Benchmarks mixed ahead of OPEC meeting SINGAPORE: Middle East crude benchmarks were mixed on Monday, with Oman edging higher while Dubai slipped ahead of a... Published 04 Jan, 2022 06:54am
Business & Finance OPEC names Kuwait oil executive as secretary general LONDON: Top oil producing countries on Monday picked Kuwaiti oil executive Haitham al-Ghais as the next secretary... Published 03 Jan, 2022 08:08pm
Business & Finance OPEC+ expected to stick with planned Feb output increase, sources say LONDON/MOSCOW: OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday,... Published 03 Jan, 2022 05:19pm
Markets OPEC meets today to discuss new top official LONDON: OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, ... Published 03 Jan, 2022 06:42am
Markets Russia says OPEC+ prioritises mid-term strategy over US calls for more oil MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+ group of largest oil producers ... Published 29 Dec, 2021 10:33am
BR Research Bulls or bears to reign oil prices? A new variant and surge in COVID cases globally have toppled the gains made by the crude oil price in the last two... Published 23 Dec, 2021 07:40am
Markets China’s oil imports in Nov from Saudi Arabia fall BEIJING: China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom... Published 21 Dec, 2021 04:14am
Markets Oil slips on rising supply, Omicron worries despite U.S. demand surge NEW YORK: Oil prices fell for a third consecutive day on Wednesday on growing signs that supply growth will outpace... Updated 15 Dec, 2021 11:03pm