Oil prices steady before stocks and inflation data, OPEC+ meeting LONDON: Oil prices were broadly steady on Thursday, ahead of U.S. crude oil stockpiles data, inflation data and an... Updated 30 May, 2024 05:28pm
Business & Finance India’s Reliance to buy Russian oil in roubles NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal... Updated 29 May, 2024 08:37am
Markets Oil steadies as OPEC+ restraint balances interest rate concerns LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2... Updated 28 May, 2024 04:38pm
Markets Oil rises ahead of inflation data after downbeat week HOUSTON: Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the... Updated 27 May, 2024 10:06pm
Business & Finance Iran plans to raise oil output to 4m barrels per day DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news... Published 27 May, 2024 05:52am
Markets Oil falls 1% as sticky US inflation weighs on demand at the pump HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates... Updated 21 May, 2024 09:30pm
Markets Oil prices steady NEW YORK: Oil prices were stable on Monday as the market awaited further clues on the likely path of US interest... Published 21 May, 2024 03:39am
Markets Saudi Arabia’s crude exports hit nine-month high in March Saudi Arabia’s crude oil exports rose for the second straight month in March, reaching their highest in nine months,... Published 20 May, 2024 05:19pm
Markets Oil prices rise after positive US economic data LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,... Updated 16 May, 2024 07:37pm
Markets IEA trims 2024 oil demand growth forecast, widens gap with OPEC LONDON: The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening... Published 15 May, 2024 08:57pm
Markets OPEC sticks to oil demand view, shifts key forecast to OPEC+ LONDON: OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would... Published 14 May, 2024 05:54pm
World US energy secretary to visit Saudi Arabia, UAE next week, officials say US Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on... Published 11 May, 2024 10:41am
Markets Oil prices set for steepest weekly drop in 3 months LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months... Updated 03 May, 2024 05:37pm
Markets Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed... Published 02 May, 2024 11:04am
Markets OPEC oil output falls in April, led by Iran and Iraq, survey finds LONDON: OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran,... Published 01 May, 2024 04:14am
Markets Oil slips after Iran plays down reported Israeli attack Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli... Updated 19 Apr, 2024 08:40pm
Markets Oil sheds more than $1/barrel after Iran attack NEW YORK: Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less... Updated 15 Apr, 2024 08:50pm
Markets Oil falls on US refinery outage, persistent inflation Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for... Updated 12 Apr, 2024 08:49am
Markets Oil prices climb on supply risk HOUSTON: The Brent and US West Texas Intermediate crude oil benchmarks rose more than $1 a barrel during trade on... Published 07 Apr, 2024 03:01am
BR Research Oil prices: Bears out! It is not quite the panic of 2022, yet, but the international oil market has continued to heat up. Now nearing a... Published 05 Apr, 2024 09:41am
World Kuwait, under new emir, votes yet again KUWAIT CITY: Vote-weary Kuwait heads to the polls for the third time in three years on Thursday, just months into ... Published 05 Apr, 2024 04:50am
Markets Oil steady, bolstered by lower supply concerns LONDON: Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output... Updated 04 Apr, 2024 09:09pm
Business & Finance OPEC+ keeps output policy steady LONDON/MOSCOW/DUBAI: A meeting of senior OPEC+ ministers kept oil output policy unchanged and pressed some countries... Published 04 Apr, 2024 04:56am
Markets OPEC+ ministers keep oil output policy steady, sources say LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+... Published 03 Apr, 2024 05:42pm
Markets Oil rises as investors bet on tighter supply, China’s economy LONDON: Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks... Updated 01 Apr, 2024 03:00pm
Markets OPEC, IEA at most divided on oil demand since at least 2008 LONDON: Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of... Published 28 Mar, 2024 06:30am
BR Research Oil prices favouring upside Having stayed rather calm for four months, international crude oil prices have once again started to look set for... Published 15 Mar, 2024 09:00am
Business & Finance IEA raises oil demand outlook again but still lags OPEC LONDON: The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time ... Published 15 Mar, 2024 04:14am
Markets OPEC says IEA commentary on oil security encouraging DUBAI: Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy... Published 13 Mar, 2024 03:52pm
Markets Oil rises on Russian refinery attacks, signs of strong demand LONDON: Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian... Updated 13 Mar, 2024 05:32pm