OPEC says oil production increases slightly in August VIENNA: Oil production among the 13-member Organization of the Petroleum Exporting Countries (OPEC) increased... Published 12 Sep, 2023 07:52pm
World Venezuela’s Maduro arrives in Beijing ahead of Xi meeting BEIJING: Venezuelan President Nicolas Maduro arrived in Beijing on Tuesday ahead of a meeting with China’s Xi... Published 12 Sep, 2023 11:37am
Markets Oil prices spike on tight supplies and upbeat OPEC LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the... Updated 12 Sep, 2023 08:22pm
BR Research Brent surge continues All eyes are set on two crucial monthly reports due later this week – by the US Energy Information Administration... Published 12 Sep, 2023 09:04am
BR Research Brent oil rises and rises The Brent crude price retreat proved short-lived as expected. Brent crude oil crossed $86/bbl – continuing the bull... Published 31 Aug, 2023 07:55am
Markets Oil up 1% on tighter supplies and heating oil prices LONDON: Oil prices rose more than 1% on Monday as tighter supply reflected in fewer exports from Saudi Arabia and... Updated 21 Aug, 2023 06:35pm
Markets Saudi oil exports fall for third month running Saudi Arabia’s crude oil exports fell for a third straight month in June to their lowest since September 2021, data... Published 16 Aug, 2023 05:19pm
Print IEA flags OPEC+ supply cuts International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter Updated 12 Aug, 2023 09:53am
Markets Oil falls as US rate hike fears subside NEW YORK: Oil prices fell slightly on Thursday, with Brent crude holding close to January highs, as speculation ... Published 11 Aug, 2023 05:17am
Print India raises concerns over oil market volatility with producer countries NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and... Updated 11 Aug, 2023 08:43am
Markets OPEC flags healthy oil market fundamentals in second half LONDON: Prospects for the global oil market look healthy for the second half of the year, OPEC said on Thursday as... Published 10 Aug, 2023 06:24pm
Markets OPEC+ panel meets against backdrop of a stronger oil market LONDON/DUBAI: An OPEC+ ministerial panel which meets on Friday is unlikely to tweak the group’s current oil output... Published 04 Aug, 2023 05:47pm
Markets Saudi Arabia will extend voluntary 1 million bpd oil cut through Sept DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to... Published 03 Aug, 2023 06:28pm
Markets Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 MOSCOW: Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August... Published 02 Aug, 2023 02:29pm
Opinion ‘Your network is your net worth’ People love to belong. They feel it gives them status, security, opportunity for upward or lateral mobility. Some... Updated 01 Aug, 2023 06:45am
Business & Finance OPEC oil output falls on Saudi cut and Nigerian outage LONDON: OPEC oil output has fallen in July after Saudi Arabia made an additional voluntary cut as part of the OPEC+... Published 01 Aug, 2023 06:19am
Markets Oil dips but on track for fifth week of gains NEW YORK: Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were... Updated 28 Jul, 2023 09:34pm
Markets Oil dips ahead of Fed rate decision LONDON: Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike... Updated 26 Jul, 2023 05:10pm
Business & Finance Gulf economies to grow at much slower pace than earlier forecast BENGALURU: Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even ... Updated 24 Jul, 2023 06:40am
Markets Russia sets plans for oil export cuts in August MOSCOW: Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month... Published 14 Jul, 2023 05:33pm
Markets Qatar Energy hikes September al-Shaheen oil term price SINGAPORE: Qatar Energy raised the term price for cargoes of al-Shaheen crude oil loading in September, trade... Published 14 Jul, 2023 10:20am
Markets OPEC sees 2.2 pct oil demand growth in 2024 despite headwinds LONDON: OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in... Published 13 Jul, 2023 06:13pm
World Japan’s Kishida to visit Middle East to talk energy markets, offer green tech TOKYO: Japanese Prime Minister Fumio Kishida plans to discuss energy markets on a trip to Saudi Arabia, United Arab... Published 13 Jul, 2023 06:00pm
BR Research Oil prices - a rally coming soon? The global crude oil price had been stuck near $75 since May this year. After resisting the prevailing pessimism for... Published 13 Jul, 2023 08:09am
Markets Saudi output cuts help drive up one corner of global oil market HOUSTON: Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and... Published 12 Jul, 2023 10:46am
Markets OPEC Sec Gen: global energy demand seen rising 23% through 2045 ABUJA: Global energy demand is forecast to rise 23% through 2045, Haitham Al Ghais, the secretary general of the... Published 11 Jul, 2023 03:54pm
Business & Finance OPEC upbeat over 2024 oil demand outlook despite slowdown VIENNA: OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first... Published 07 Jul, 2023 05:24am
Markets Oil resumes slide on demand worries after latest rate hikes LONDON: Oil dropped over 2% on Friday and was heading for a weekly decline, as a UK interest rate hike added to... Updated 23 Jun, 2023 07:23pm
Markets China’s crude imports from Russia surge to record 2.29mn bpd in May BEIJING: China’s oil imports from Russia jumped to a record high in May, Chinese government data showed on Tuesday,... Published 20 Jun, 2023 12:29pm
Markets Oil rises as Chinese economic indicators offer mixed picture LONDON: Oil prices rose on Tuesday after China cut benchmark lending rates in a potential boost to growth but oil... Updated 20 Jun, 2023 05:04pm