Oil prices rise on slower US inflation, strong demand Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the US where data... Published 16 May, 2024 09:57am
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