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
Markets US crude oil production down in Jan HOUSTON: US crude oil production dropped in January to 12.533 million barrels per day (bpd), a 6% decline from... Published 30 Mar, 2024 06:39am
Business & Finance Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines HOUSTON: Top US oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural... Published 10 Oct, 2023 06:19am
Markets Oil climbs as risk appetite grows, focus returns to supply outlook LONDON: Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors’ focus returned... Updated 02 Oct, 2023 05:43pm
Markets Oil settles lower but ends quarter up 28pc on tight supply NEW YORK: Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30%... Published 02 Oct, 2023 06:33am
Markets Oil prices steady around 10-month highs NEW YORK: The benchmark oil price was little changed on Monday, holding above the $90 a barrel reached last week for... Published 12 Sep, 2023 06:22am
Markets Oil edges up on prospect of extended OPEC+ supply cuts NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation... Updated 04 Sep, 2023 09:09pm
Markets Oil rises to highest in over seven months on supply worries NEW YORK: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, ... Published 04 Sep, 2023 06:21am
Markets Oil rises as Hurricane Idalia threatens to hit tight supplies BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf... Published 30 Aug, 2023 03:33am
Markets Oil drops over 1% on worries about Chinese economy NEW YORK: Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s... Updated 15 Aug, 2023 08:33pm
Markets Oil dips further as China worries counter supply cuts HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar... Published 15 Aug, 2023 06:30am
Markets Oil prices rise as US inventory data reflect robust demand LONDON: Oil prices surged on Wednesday, trading near their highest levels since April, buoyed by crude and fuel... Updated 02 Aug, 2023 03:35pm
Markets Oil dips on stronger dollar, signs of profit-taking HOUSTON: Oil prices edged lower on Tuesday on a stronger dollar and signs of profit-taking, after rallying in July... Published 02 Aug, 2023 06:47am
Markets Oil dips on demand worries as more rate hikes likely HOUSTON: Oil prices fell on Friday, headed for a weekly decline as traders worried interest rate hikes could sap... Published 26 Jun, 2023 06:38am
Markets US oil may retrace into $69.82-$70.25 range before rising SINGAPORE: US oil may retrace into a range of $69.82-$70.25 per barrel, as suggested by a rising channel. The rise... Published 19 Jun, 2023 09:42am
Markets Oil falls amid China growth uncertainties LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh... Updated 19 Jun, 2023 06:52pm
Markets Oil gains for the week as supply cuts balance demand concerns NEW YORK: Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices,... Published 19 Jun, 2023 06:55am
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets Oil futures up 3pc on strong China refinery data HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump... Published 16 Jun, 2023 06:27am
Markets US oil may fall into $67.03-$68.12 range SINGAPORE: US oil may break a support at $68.93 per barrel, and fall into $67.03-$68.12 range. The bounce from the... Published 12 Jun, 2023 10:19am
Markets US oil may test support at $70.10 SINGAPORE: US oil may test a support at $70.10 per barrel, a break below which could open the way towards... Published 09 Jun, 2023 10:11am
Markets US oil may retest resistance at $73.16 SINGAPORE: US oil may retest a resistance at $73.16 per barrel, a break above could lead to a gain to $73.89-$75.06... Published 08 Jun, 2023 10:52am
Markets Oil rises as Saudi cut supports and focus turns to Fed LONDON: Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential... Updated 08 Jun, 2023 06:03pm
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 US oil may extend loss into $67.48-$68.37 range SINGAPORE: US oil may extend loss into a range of $67.48 to $68.37 per barrel, driven by a wave c. This wave has... Published 31 May, 2023 02:48pm
