Oil: Will Opec hit back hard? Opec delaying its scheduled meeting by four days has taken the market by surprise – initiating a selloff that saw... Published 24 Nov, 2023 08:32am
Markets Oil perks up after sharp week-long selloff on supply, demand concerns LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after... Published 18 Nov, 2023 06:03am
Markets Saudi Arabia’s crude exports rise in September Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million barrels per day (bpd),... Published 16 Nov, 2023 05:39pm
Markets Bullish IEA, OPEC oil demand forecasts at odds with modest gains in Asia’s imports: Russell LAUNCESTON: The International Energy Agency (IEA) and producer group OPEC are sticking to bullish forecasts for... Published 16 Nov, 2023 10:36am
Markets Saudi Arabia likely to extend additional supply cuts to Q1 2024: Energy Aspects SINGAPORE: The world’s top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to... Published 15 Nov, 2023 08:18pm
BR Research Oil: Bottomed out? The bear run in the global crude oil market may soon be short of legs. That much was made clear by Opec – which... Published 15 Nov, 2023 09:00am
Markets Oil climbs as IEA lifts demand growth forecast, US inflation cools LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,... Updated 14 Nov, 2023 08:39pm
Markets Oil gains as OPEC report dampens demand concerns BENGALURU: Oil prices rose by more than 1% on Monday after OPEC’s monthly market report eased market concerns ... Published 14 Nov, 2023 05:08am
Markets OPEC says oil market remains strong despite negative sentiment LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ... Published 14 Nov, 2023 05:08am
Markets OPEC says oil market remains strong despite negative sentiment LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as... Published 13 Nov, 2023 05:43pm
Markets Gulf bourses mixed DUBAI: Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of... Published 13 Nov, 2023 06:31am
Markets Brent oil hovers above $80 after this week's downward spiral LONDON: The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning... Updated 09 Nov, 2023 08:07pm
Markets Oil sputters near three-month lows as demand concerns mount Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in... Updated 08 Nov, 2023 07:17pm
Markets OPEC+ sees healthy growing global economy LONDON: The Organization of the Petroleum Exporting Countries and allies (OPEC+) believe the global economy is... Published 07 Nov, 2023 04:00pm
Markets Saudi Arabia to continue voluntary 1 million bpd oil output cut for December DUBAI: Top oil exporter Saudi Arabia will continue with its voluntary oil output cut of 1 million barrels per day... Published 05 Nov, 2023 08:17pm
Markets India bond yields flat as investors await Fed guidance MUMBAI: Indian government bond yields moved sideways in a thinly-traded market early Wednesday, as investors awaited... Published 01 Nov, 2023 11:53am
Markets OPEC oil output rises for third month LONDON: OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by... Published 01 Nov, 2023 05:57am
Business & Finance IEA says China oil demand key factor in energy transition PARIS: The International Energy Agency executive director underlined Tuesday the importance of Chinese demand for... Published 25 Oct, 2023 06:19am
Markets World oil, gas, coal demand to peak by 2030, IEA says LONDON: World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows... Published 24 Oct, 2023 10:21am
Business & Finance Mideast conflict: Oil investors rotate from WTI to Brent: Kemp LONDON: Portfolio investors tiptoed back into the petroleum market last week, after three weeks of heavy selling, as... Published 24 Oct, 2023 05:05am
Markets Oil slips as investors watch diplomatic moves in Gaza war LONDON: Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where... Updated 23 Oct, 2023 05:54pm
Markets Russia: OPEC+ helps stabilise oil markets irrespective of West’s price caps MOSCOW: Russia said on Friday that the OPEC+ group of leading oil producers had helped to stabilise oil markets and... Published 20 Oct, 2023 03:02pm
Markets Oil set for second week of gains on Gaza contagion fears LONDON: Oil prices extended gains on Friday and were on track to rise for a second week on heightened fears that the... Updated 20 Oct, 2023 03:16pm
Markets Oil slips as Venezuela sanctions ease, Middle East in focus LONDON: Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to... Updated 19 Oct, 2023 03:46pm
World OPEC plans no immediate action after Iran urges Israel oil embargo, sources say DUBAI/LONDON: OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran’s... Updated 18 Oct, 2023 10:47pm
Markets Oil prices edge higher ahead of Biden Middle East trip NEW YORK: Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is... Updated 17 Oct, 2023 09:04pm
Business & Finance Oil surges nearly 6 percent NEW YORK: Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as... Published 14 Oct, 2023 05:32am
Markets OPEC sees oil demand growth continuing until 2045 PARIS: Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude... Published 09 Oct, 2023 01:50pm
Print OPEC leaders make case for fossil fuels at Riyadh climate event RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the... Updated 09 Oct, 2023 09:33am
Markets OPEC+ panel holds oil policy steady as Saudi keeps oil cuts LONDON/MOSCOW/DUBAI: An OPEC+ ministerial panel which met on Wednesday made no changes to the group’s current oil... Published 04 Oct, 2023 05:41pm