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
Markets OPEC+ likely to stick to oil output plan, sources say LONDON: OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an... Published 04 Nov, 2021 07:45pm
Markets Stocks mostly rise as Fed to begin tapering but BoE holds fire LONDON: Global stock markets mostly rose Thursday, a day after the Federal Reserve said it would start "tapering" ... Published 04 Nov, 2021 07:06pm
Markets Oil falls in choppy trade before US inventories, OPEC+ meeting CALGARY, Alberta: Oil dropped below $85 a barrel on Tuesday, but remained close to a three-year high in choppy trade... Published 03 Nov, 2021 03:54am
Markets Major Gulf bourses mixed in early trade Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi index on track to end a four-day... Updated 31 Oct, 2021 02:20pm
Markets Asia naphtha, gasoline higher NEW DELHI: Asia's naphtha crack climbed to the highest in over seven years on Friday, and posted a weekly gain on ... Published 31 Oct, 2021 04:05am
Markets Oil prices rebound, edge up ahead of OPEC meeting NEW YORK: US crude prices edged higher on Friday, turning positive after an early decline, supported by expectations... Published 30 Oct, 2021 04:37am
Opinion Saudi deal, riyal politik, and… Financial markets saluted Prime Minister Imran Khan’s move to secure yet another bailout package from Saudi Arabia... Published 28 Oct, 2021 04:06am
World 'Simple' life in Iraqi desert village cut off from the grid AL-SAHL: In Iraq's vast western desert, some 200 families live in a hamlet largely cut off from the rest of the... Published 25 Oct, 2021 09:36am
Markets Most Gulf exchanges track oil prices higher DUBAI: Most stock markets in the Gulf ended higher on Thursday amid rising oil prices, with oil behemoth Saudi ... Published 15 Oct, 2021 04:08am
Markets Oil steady as surging power fuel prices offset worries about crude demand NEW YORK: Oil prices were flat on Wednesday as surging fuel costs for power generation offset expectations for ... Published 14 Oct, 2021 04:14am
Markets Oil steady as surging power fuel prices offset worries about crude demand NEW YORK: Oil prices were flat on Wednesday as surging fuel costs for power generation offset expectations for ... Updated 14 Oct, 2021 12:02am
Business & Finance OPEC trims 2021 demand forecast but says gas price surge could help LONDON: OPEC has trimmed its world oil demand growth forecast for 2021 while maintaining its 2022 view, its monthly... Published 13 Oct, 2021 05:41pm
Markets Oil prices unlikely to rise further, Iraqi oil minister says Brent crude is trading at $83 per barrel on Wednesday Published 13 Oct, 2021 03:39pm
Markets Surging oil prices lift material, energy stocks on Wall St US stock futures pare losses, Nikkei aided by yen drop Oil leads energy complex higher, stokes inflation risk Dollar reaches highest on yen since late 2018 Updated 11 Oct, 2021 09:03pm
Markets Oil prices surge; US crude touches high above $80 NEW YORK: Oil prices rose on Friday, up more than 4% on the week as a global energy crunch has boosted prices to... Published 09 Oct, 2021 04:10am
Markets Oil retreats from multi-year highs after US stock build OPEC+ stick to plan for gradual supply hikes U.S crude, gasoline stocks rise unexpectedly last week -EIA US crude output returns to pre-storm levels – EIA Updated 06 Oct, 2021 10:04pm
Markets Saudi leads major Gulf markets higher; Dubai falls Saudi Arabia's stock market rose in early trade on Wednesday to its highest in nearly 14 years amid rising oil... Published 06 Oct, 2021 01:48pm
Markets Oil climbs 2pc, hits multi-year highs as OPEC+ sticks to output plan NEW YORK: Oil prices jumped 2% on Tuesday, with US crude hitting its highest since 2014 and Brent futures climbing ... Published 06 Oct, 2021 04:17am
Markets Oil strikes new peaks, equities rebound LONDON: World oil prices surged Tuesday to new multi-year peaks, extending a bullish run one day after OPEC+... Updated 05 Oct, 2021 07:02pm
Markets Oil strikes new peaks, boosting European equities LONDON: World oil prices surged Tuesday to new multi-year peaks, extending a bullish run one day after OPEC+... Updated 05 Oct, 2021 05:12pm