Trends - US oil - Business Recorder

Markets

Oil dips as investors assess Iran supply, Venezuelan export resumption

Brent crude futures lost 28 cents, or 0.44%, to $63.06 a barrel

Updated 12 Jan, 2026 07:28pm

Markets

Oil gains as market weighs Iran, Russia supply risks

NEW YORK: Oil prices rose 2percent on Friday on growing supply worries linked to intensifying protests in...

Published 11 Jan, 2026 03:26am

Markets

Trump says US oil pledged $100bn for Venezuela

WASHINGTON: US President Donald Trump said Friday the world’s biggest oil companies pledged to invest USD100...

Updated 10 Jan, 2026 07:24am

Markets

Oil prices firm

HOUSTON: Oil prices held steady on Monday as hopes of a trade deal framework between the US and China and renewed US...

Published 28 Oct, 2025 06:24am

Print

Chevron to establish lubricants blending plant

KARACHI: US oil major Chevron has invested $30 million to set up a fully automated lubricants blending plant in...

Published 12 Sep, 2025 05:54am

Print

Bearish clouds gather over crude oil

Brent crude has slid to $66 a barrel — the weakest since May — and the mood in oil markets has turned distinctly...

Published 08 Sep, 2025 05:59am

Markets

Falling oil prices poised for biggest monthly decline since 2021

Brent crude futures were down $1.16, or 1.81%, at $63.09 a barrel

Updated 30 Apr, 2025 11:04pm

Print

Oil prices fall 2pc to 2-week low

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and...

Published 30 Apr, 2025 05:57am

Markets

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US

Updated 15 Apr, 2025 10:09pm

Markets

Oil tumbles nearly 8% as China retaliates with tariffs on US

Brent futures down $5.55, or 7.9%, to $64.59 a barrel

Updated 04 Apr, 2025 08:46pm

Markets

Oil dives more than 6pc, steepest fall in 3 years

HOUSTON: Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed...

Published 04 Apr, 2025 05:22am

Markets

Oil falls 2pc but concerns over supply disruptions provide support

HOUSTON: Oil prices fell 2% on Friday but were unchanged on the week as concerns about supply disruptions in Russia...

Published 22 Feb, 2025 06:31am

Markets

Oil prices flat, set for weekly drop as Trump touts energy policy

HOUSTON: Oil prices were flat on Friday but were on track to fall on the week after U.S. President Donald Trump...

Updated 24 Jan, 2025 10:47pm

Markets

Oil prices held down by Trump tariff uncertainty

NEW YORK: Oil prices were little changed on Thursday, maintaining almost all of the previous session’s losses on...

Published 24 Jan, 2025 06:26am

Markets

South Korea looking at buying more US oil and gas, energy minister says

SEOUL: South Korea is interested in importing more US oil and gas to diversify energy sources and ensure stable...

Published 16 Jan, 2025 10:41am

Markets

Oil prices rise

HOUSTON: Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...

Published 12 Dec, 2024 07:06am

World

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling

NEW YORK: Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days...

Published 26 Nov, 2024 07:10am

Markets

Oil steadies as Sverdrup field restart counters geopolitical concerns

NEW YORK: Oil prices steadied on Tuesday as Norway’s Johan Sverdrup oilfield restarted production while there were...

Published 20 Nov, 2024 07:49am

Markets

Oil falls over 2pc

NEW YORK: Oil prices fell more than 2 percent on Friday as traders grew less fearful of prolonged supply disruptions...

Published 09 Nov, 2024 06:36am

Markets

Oil prices up on big storage withdrawal

NEW YORK: Oil prices edged up about 1% on Thursday on a bigger-than-expected withdrawal from US inventories and a...

Published 06 Sep, 2024 07:04am

Markets

Oil climbs 3pc as Libya output cuts further supply concerns

HOUSTON: Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from...

Published 27 Aug, 2024 06:44am

Markets

Oil climbs $2/barrel

HOUSTON: US light crude oil gained more than $2 a barrel on Friday after comments by US Federal Reserve Chair Jerome...

Published 24 Aug, 2024 06:23am

Markets

Oil falls on China demand fears

HOUSTON: Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a...

Published 28 Jul, 2024 06:49am

Markets

Oil prices slip after US crude hub escapes serious storm damage

NEW YORK: Oil prices eased on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl...

Published 10 Jul, 2024 03:14am

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

Oil prices gain

NEW YORK: Crude prices edged up on Wednesday from a two-month low in the prior session as the market balanced...

Published 16 May, 2024 06:28am

Markets

Oil prices rise

NEW YORK: Oil prices edged higher on Wednesday after US oil storage data showed a larger-than-expected draw in crude...

Published 09 May, 2024 03:11am

Markets

Norway oil workers agree to wage deal, averting strike

OSLO: Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and...

Published 08 May, 2024 10:58am

Markets

Oil slides on rising US stockpiles, strong dollar

LONDON: Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the U.S. and as...

Updated 08 May, 2024 05:01pm

Markets

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am