Iraqi oil ouput continued below OPEC+ quota in February LONDON: Iraq produced 4.34 million barrels per day (bpd) of crude in February, little changed from the previous... Published 15 Mar, 2023 06:14pm
Markets Kuwait to cut crude supplies to some Asian refiners as Al Zour refinery ramps up NEW DELHI: Kuwait has asked some Asian refiners to take less oil under their annual deals as the OPEC producer hopes... Published 15 Mar, 2023 05:13pm
Markets Saudi Aramco reports 46% jump in profits for 2022 RIYADH: Saudi Aramco reported on Sunday that profits jumped 46 percent last year, highlighting how a surge in oil... Published 12 Mar, 2023 12:31pm
Markets US senators reintroduce bill to pressure OPEC oil producer group WASHINGTON: A group of bipartisan US senators on Wednesday said they have reintroduced legislation to pressure the... Published 09 Mar, 2023 06:23am
BR Research Oil: heading north When not much seems to be going their way, spreading fake news is the preferred route of the collective West to put ... Published 08 Mar, 2023 08:37am
Markets US wants hike in global crude output, including from OPEC: official HOUSTON: The United States wants to see a hike in oil production, including from OPEC countries, said a senior State... Published 07 Mar, 2023 01:14pm
Markets Oil down on China outlook, spotlight on possible rate hikes LONDON: Oil prices fell on Monday after China set a lower-than-expected target for economic growth this year at... Updated 06 Mar, 2023 07:26pm
Markets Oil rises by $1/bbl after denial of reported UAE plan to exit OPEC BENGALURU: Oil prices rose by more than $1 a barrel on Friday, recovering from an early slump after Reuters reported... Published 06 Mar, 2023 06:22am
Markets Oil slips as rising supplies balance Chinese demand hopes LONDON: Oil slipped on Wednesday, giving up an earlier gain, as signs of ample supply and rising US crude... Updated 01 Mar, 2023 06:40pm
Markets Gasoil, jet fuel margins fall on weak fundamentals SINGAPORE: Asia’s 10 ppm sulphur gasoil and jet fuel margins fell for the second consecutive month as persistently... Published 01 Mar, 2023 06:21am
Markets Oil edges up on China demand hopes and supply concerns NEW YORK: Oil prices edged higher on Monday, buoyed by optimism over Chinese demand, continued production curbs by... Published 21 Feb, 2023 05:57am
Markets Oil unlikely to break above $100/bbl this year, J.P.Morgan says Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical... Published 17 Feb, 2023 03:27pm
Markets Oil heads for weekly loss on rate hike worries, ample supply LONDON: Oil fell about 2% on Friday and was heading for a weekly decline, pressured by concerns of more US Federal... Updated 17 Feb, 2023 03:18pm
Markets Gasoil refining margins rise on weaker crude prices SINGAPORE: Asia’s 10 ppm sulphur gasoil margins rose on Wednesday on weaker crude prices even as US and Middle ... Published 16 Feb, 2023 06:08am
Markets Oil drops on US inventory jump and interest rate worries LONDON: Oil dropped for a second day on Wednesday as an industry report pointed to ample supplies in the United... Updated 15 Feb, 2023 06:04pm
Markets OPEC raises 2023 oil demand growth view LONDON: OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to... Published 15 Feb, 2023 06:27am
Markets Oil prices fall after US crude release lifts supply concerns BENGALURU: Oil prices fell on Tuesday after the US government said it would release more crude from its Strategic... Published 15 Feb, 2023 06:27am
Markets OPEC raises forecast for China-led oil demand growth in 2023 LONDON: OPEC has raised its 2023 forecast for global oil demand growth in its first upward revision for months,... Published 14 Feb, 2023 06:40pm
Markets Oil prices fall after US crude release and inflation data LONDON: Oil prices fell on Tuesday after the US government said it would release more crude from its Strategic... Updated 14 Feb, 2023 08:02pm
Markets Oil edges higher as market weighs Russian supply cuts amid demand fears HOUSTON: Oil prices edged higher on Monday, rebounding from early losses as investors weighed Russia plans to cut... Published 14 Feb, 2023 05:58am
Markets OPEC Secretary General says expects demand to reach pre-pandemic levels this year CAIRO: OPEC Secretary General Haitham Al Ghais said on Sunday that the group expects oil demand to exceed... Updated 12 Feb, 2023 07:29pm
Markets Oil rebound more likely this year, $100 a barrel possible, OPEC sources say LONDON: Oil may resume its rally in 2023 as Chinese demand recovers after COVID curbs were scrapped and lack of... Published 10 Feb, 2023 10:20pm
World Iran seeks global investors for projects worth $200bn BENGALURU: Iran is undertaking projects worth $200 billion and seeking the participation of global investors, Ahmad... Published 08 Feb, 2023 05:14pm
Markets Gulf nations to remain major oil suppliers to India for a ‘long time’, minister says BENGALURU: India, the world’s third-biggest oil importer and consumer, has diversified its sources of energy imports... Published 08 Feb, 2023 03:06pm
Markets OPEC secretary general invites India to take part in next OPEC+ meeting BENGALURU: OPEC Secretary General Haitham Al Ghais has invited India to be a part of the next OPEC+ meeting, the... Published 08 Feb, 2023 01:42pm
World UAE’s non-oil foreign trade jumps 17% in 2022 ABU DHABI: The United Arab Emirates’ foreign trade hit 2.2 trillion dirhams ($599 billion) in 2022, up 17%... Published 06 Feb, 2023 08:33pm
Markets OPEC+ should get ‘due recognition’ for constructive role BENGALURU: OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October... Published 06 Feb, 2023 11:50am
Markets Oil dives $3 after US reports increase in fuel stocks NEW YORK: Oil prices slid $3 a barrel on Wednesday after US government data showed big builds in crude oil, gasoline... Published 02 Feb, 2023 06:12am
Markets OPEC+ seen sticking with oil output policy, delegates say LONDON/DUBAI: An OPEC+ panel is likely to recommend sticking with the oil producer group’s output policy when it... Published 01 Feb, 2023 04:18pm
Markets Oil nears 3-week low then steadies on higher US demand BENGALURU: Oil prices were steady on Tuesday after dropping close to a three-week low, drawing support from a... Published 01 Feb, 2023 07:21am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn