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
Markets Iran’s oil exports hit 5-year highs as US holds nuclear talks LONDON: Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, according to... Published 19 Jun, 2023 06:55am
Markets Iraq invites foreign bids for 11 gas blocks in new areas BAGHDAD: Iraq on Sunday invited foreign companies to bid for contracts to explore and develop natural gas reserves ... Published 19 Jun, 2023 06:55am
Markets Japan, OPEC to establish high-level dialogue, Nikkei says TOKYO: Japan and the Organization of the Petroleum Exporting Countries (OPEC) have agreed to establish a dialogue... Published 14 Jun, 2023 10:19am
Markets OPEC oil demand forecast holds steady as economic clouds gather LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the... Published 13 Jun, 2023 05:47pm
World OPEC+ working against ‘uncertainities and sentiment’, Saudi minister says RIYADH: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Sunday that the latest OPEC+ agreement... Published 11 Jun, 2023 07:10pm
World Kremlin says US can’t tell Saudi Arabia what to do on oil policy MOSCOW: The Kremlin said on Friday that Saudi Arabia did not need lectures from the United States about oil policy,... Published 09 Jun, 2023 02:29pm
Markets Britain sets price floor on oil and gas windfall tax LONDON: Britain’s windfall tax on oil and gas producers will not be applied if prices drop to certain levels for six... Published 09 Jun, 2023 01:46pm
World Tensions in US-Saudi ties cloud Blinken visit to Riyadh RIYADH: A visit by the US Secretary of State to Saudi Arabia drew little Saudi media coverage on Thursday at a time... Published 08 Jun, 2023 06:00pm
Markets Oil prices higher as Saudi output cuts overshadow weak signals HOUSTON: Oil prices climbed over 1% on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Published 08 Jun, 2023 06:30am
Markets IMF says Saudi Arabia growth to slow to 2.1% in 2023 on oil production cuts DUBAI: The International Monetary Fund (IMF) expects growth in Saudi Arabia to slow to 2.1% in 2023 on the back of... Published 07 Jun, 2023 08:04pm
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Markets Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says Top crude exporter Saudi Arabia’s one million barrel per day (bpd) oil output cut is unlikely to underpin a... Published 06 Jun, 2023 01:41pm
Markets OPEC+ begins meetings which may agree further output cuts LONDON: OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of... Published 03 Jun, 2023 03:23pm
Markets OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say VIENNA: OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting on Sunday despite a fall... Published 02 Jun, 2023 05:13pm
Business & Finance OPEC+ unlikely to deepen oil supply cuts LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite ... Published 02 Jun, 2023 03:56am
Markets OPEC oil output falls in May after voluntary cuts LONDON: OPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made ... Published 01 Jun, 2023 03:34am
Opinion Riyal politic Once again Saudi Arabia is using its position as the financial superpower of the Middle East – it sits on top of ... Updated 25 May, 2023 07:12am
Markets Saudi warns speculators of more pain as OPEC+ meeting looms DOHA: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Tuesday he would inflict more pain on short... Published 23 May, 2023 06:52pm
Markets Oil steady as US default risk offsets supply decline NEW YORK: Oil prices traded either side of unchanged on Monday as the market waited for news on the US debt ceiling... Published 23 May, 2023 06:14am
Markets Asia to drive oil demand growth in second half, says Vitol DUBAI: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a... Published 22 May, 2023 10:21pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?