IEA to expedite 2025 oil demand forecast, OPEC also moves early LONDON: The International Energy Agency is bringing forward publication of its first 2025 oil demand forecast to... Published 26 Jan, 2024 04:58am
BR Research Oil prices: Resilient in tough times The Red Sea remains a battle zone. Vessels are rerouting despite a heavy presence of naval fleets to counter the... Published 24 Jan, 2024 07:46am
Markets Saudi Arabia’s November crude exports hit 5-month high Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third... Published 22 Jan, 2024 06:32pm
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Markets Malaysian palm oil ends at nearly two-month peak on robust China demand KUALA LUMPUR: Malaysian palm oil futures rose on Thursday to their highest closing in nearly two months, buoyed by... Published 19 Jan, 2024 05:37am
Markets OPEC sticks to 2024 oil demand view, sees more growth in 2025 LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and said... Published 17 Jan, 2024 05:53pm
World Kuwait forms first government under new emir and prime minister DUBAI: Kuwait on Wednesday formed a government headed by Prime Minister Sheikh Mohammed Sabah al-Salem al-Sabah, the... Published 17 Jan, 2024 02:49pm
Markets Citi lowers Brent price outlook for 2024 and 2025 on oversupply fears Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but... Published 12 Jan, 2024 12:30pm
World Saudi Arabia says focused on all kinds of energy, not just oil RIYADH: Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not... Published 10 Jan, 2024 03:21pm
Markets Rising prices cap India’s thirst for Russian oil NEW DELHI: Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an... Published 10 Jan, 2024 03:07pm
Markets Oil prices firm on Middle East crisis and Libya outage LONDON: Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s... Updated 09 Jan, 2024 09:29pm
Markets Oil falls over 3% as Saudi price cuts add to demand concerns NEW YORK: Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in... Updated 08 Jan, 2024 09:42pm
World Kuwait emir appoints Sheikh Mohammed Sabah al-Salem al-Sabah as prime minister DUBAI: Kuwait’s new emir Sheikh Meshal al-Ahmad al-Sabah on Thursday appointed Sheikh Mohammed Sabah al-Salem... Published 04 Jan, 2024 06:10pm
Business & Finance OPEC stresses OPEC+ unity, after Angola exit DUBAI/LONDON: OPEC said on Wednesday that cooperation and dialogue within the wider OPEC+ oil producer’s alliance... Published 04 Jan, 2024 05:41am
Markets Oil prices jump on disruption fears after latest Red Sea attack LONDON: Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle... Updated 02 Jan, 2024 05:02pm
BR Research Will oil fare better in 2024? From Russia and Ukraine still engaged in war, to Israel’s onslaught in Gaza, from big shipping companies refusing to... Published 01 Jan, 2024 07:21am
Markets Oil prices fall ahead of long holidays NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could... Published 24 Dec, 2023 04:00am
Markets Malaysian palm oil futures down NEW DELHI: Malaysian palm oil futures fell for a fifth consecutive week as demand dropped ahead of a long holiday... Published 24 Dec, 2023 04:00am
Markets Oil prices gain around 1% as Red Sea tension persists LONDON: Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on... Updated 22 Dec, 2023 10:03pm
Markets Oil falls as Angola decides to exit OPEC NEW YORK: Oil prices fell by roughly $1 a barrel on Thursday after Angola said it would exit the Organization of the... Published 22 Dec, 2023 05:22am
Business & Finance Angola to quit OPEC over oil production quotas disagreement LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil... Published 22 Dec, 2023 05:22am
Markets Angola says it is leaving OPEC LUANDA/LONDON: Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is... Published 21 Dec, 2023 06:29pm
Markets Oil perks up as Red Sea tensions spark investor jitters LONDON: Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and... Updated 20 Dec, 2023 05:11pm
Markets Mideast oil benchmarks wallow in discounts, lowest since 2020 SINGAPORE: Middle East crude benchmarks Dubai and Oman hit their lowest levels since 2022 as low pre-holiday... Published 19 Dec, 2023 02:54pm
Markets Goldman cuts 2024 Brent price forecast on strong US supply Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying... Published 18 Dec, 2023 11:58am
World World leaders arrive in Kuwait to pay respects after emir’s death KUWAIT: Foreign dignitaries arrived in the Gulf state of Kuwait to offer condolences for the death of emir Sheikh... Published 18 Dec, 2023 10:12am
Markets Oil prices on track for first weekly rise in two months LONDON: Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a... Updated 15 Dec, 2023 03:36pm
Markets Oil rises more than 3pc on weaker dollar, IEA demand upgrade NEW YORK: Oil prices rose more than 3% on Thursday, extending the previous session’s gains, boosted by a weaker... Published 15 Dec, 2023 03:12am
Markets Oil rises on weaker dollar, IEA demand upgrade LONDON: Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the... Updated 14 Dec, 2023 05:25pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?