Gulf markets rebound after virus-fuelled rout DUBAI: Most stock markets in the Gulf ended higher on Wednesday, tracking a wider rebound in oil prices and equities... Published 02 Dec, 2021 03:57am
Markets Commodity, travel stocks lift UK shares as Omicron fears ease • Oil rebounds ahead of OPEC meeting • Pendragon gains on upgraded profit outlook • Blue Prism agrees to be... Published 02 Dec, 2021 03:57am
Markets OPEC+ starts two days of talks amid oil price slide, Omicron fears LONDON: OPEC and its allies began two days of meetings on Wednesday to decide whether to release more oil into the... Published 02 Dec, 2021 03:57am
Markets Commodity stocks lift FTSE 100 as Omicron worries ease UK's FTSE 100 rose on Wednesday as oil and mining stocks recovered after concerns around the new coronavirus variant... Published 01 Dec, 2021 01:26pm
Markets OPEC+ begins two days of talks amid oil rout LONDON: OPEC and its allies begin two days of meetings on Wednesday to decide whether to release more oil into the... Published 01 Dec, 2021 12:07pm
Markets OPEC+ meets under pressure from Biden and Omicron LONDON: OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his... Published 01 Dec, 2021 03:52am
Markets Oil gains more than 3pc on speculation Omicron-related drop overdone NEW YORK: Oil bounded upward Monday, briefly touching highs above $77 a barrel as some investors viewed Friday’s... Published 30 Nov, 2021 06:46am
Markets OPEC postpones technical meetings to evaluate Omicron impact LONDON: OPEC and its allies have postponed technical meetings to later this week, giving themselves more time to... Published 29 Nov, 2021 06:03am
Markets Oil dips, focus on OPEC+ response to US-led oil LONDON: Oil prices dipped in thin trading on Thursday, the US Thanksgiving holiday, as investors eyed how major... Published 26 Nov, 2021 05:15am
Markets Oil steady, focus on OPEC+ response to US-led oil release LONDON: Oil prices steadied on Thursday, as investors eyed how major producers respond to the US-led emergency oil... Updated 25 Nov, 2021 04:58pm
Opinion Biden oil reserves bet melds China outreach with appeal to US voters President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations... Published 25 Nov, 2021 03:53am
Markets Oil steadies as investors question reserve release NEW YORK: Oil prices were largely steady on Wednesday as investors questioned the effectiveness of a U.S.-led ... Published 25 Nov, 2021 03:53am
Markets IEA urges OPEC to take 'necessary steps' to lower oil prices PARIS: The head of the International Energy Agency on Wednesday called on OPEC and its allies to take measures to... Published 24 Nov, 2021 09:25pm
Markets US set to unveil emergency oil release in bid to fight high prices The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday as part of a... Published 23 Nov, 2021 10:33am
Opinion Venezuelan petrochemicals arrive in US despite Washington trade curbs Venezuelan petrochemicals produced by joint ventures between state-run chemical firm Pequiven and foreign partners... Published 20 Nov, 2021 03:58am
Print Asia looks to release oil reserves after US request TOKYO: The world’s biggest economies said on Thursday they were looking into releasing oil from their strategic... Published 19 Nov, 2021 04:35am
Business & Finance Aussie under pressure, kiwi steadies TOKYO: The Australian dollar languished near a six-week trough on Thursday, undermined by a slide in oil and other... Published 19 Nov, 2021 04:35am
Markets Oil hovers above six-week low as China readies crude reserve release NEW YORK: Oil prices rose slightly on Thursday, bouncing after a drop to six-week lows as investors wondered about... Published 18 Nov, 2021 11:31pm
BR Research Oil price: Respite in sight? As the Opec Plus members slowly unwind the production moving deep into the phased ramping up of oil supplies, early... Published 18 Nov, 2021 07:15am
Markets Oil slumps on oversupply warnings NEW YORK: Oil prices fell on Wednesday, continuing a recent streak of weakness, after OPEC and the International... Published 18 Nov, 2021 03:58am
Markets Oil slumps on oversupply warnings, rising COVID-19 cases in Europe NEW YORK: Oil prices fell on Wednesday, continuing a recent streak of weakness, after OPEC and the International... Published 18 Nov, 2021 01:06am
Markets Oil drops on oversupply warnings, rising COVID-19 cases LONDON: Oil prices fell on Wednesday after the International Energy Agency (IEA) and OPEC warned of impending... Published 17 Nov, 2021 08:11pm
Markets OPEC chief urges caution amid signs of oil surplus building ABU DHABI: OPEC is seeing signs of an oil supply surplus building up next month so its members and allies will have... Published 16 Nov, 2021 04:31pm
Markets Oil prices head for weekly dip as dollar firms LONDON: Oil prices fell on Friday, wiping out gains from the previous session as the dollar continued to firm on... Published 13 Nov, 2021 04:08am
World Dubai ruler says UAE to host COP28 climate conference in 2023 CAIRO: The ruler of Dubai said in a tweet on Thursday the United Arab Emirates (UAE) has been selected to host the... Updated 12 Nov, 2021 11:26am
Print OPEC says high prices to dampen pace of oil demand recovery LONDON: OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb... Updated 12 Nov, 2021 09:50am
Markets OPEC says high prices to dampen pace of oil demand recovery LONDON: OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb... Updated 11 Nov, 2021 08:40pm
Markets Biden says US has tools to respond to OPEC+ withholding oil supply WASHINGTON: US President Joe Biden said on Saturday that his administration has ways to deal with high oil prices... Published 07 Nov, 2021 05:39am
Markets Oil rises after OPEC+ rebuffs US call to boost output LONDON: Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a US call to raise supply to... Published 05 Nov, 2021 07:23pm
Markets Oil prices fall, reversing gains as Saudi TV reports looming output rise NEW YORK: Oil prices fell on Thursday, reversing earlier gains in a volatile session after a report that Saudi... Published 05 Nov, 2021 04:39am