Oil tankers continue Red Sea movements despite Houthi attacks HOUSTON: Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have... Updated 09 Jan, 2024 09:02pm
Markets Global stocks set to snap 9-week winning streak on Fed repricing TOKYO: Asian stocks wobbled on Friday, keeping global equities on track to snap a nine-week winning streak, while... Published 05 Jan, 2024 10:38am
Markets Oil rises on weaker dollar, IEA demand upgrade LONDON: Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the... Updated 14 Dec, 2023 05:25pm
Markets Oil prices stable around six-month lows LONDON: Oil prices were little changed on Wednesday, after falling by more than 3% to six-month lows in the previous... Updated 13 Dec, 2023 06:07pm
Markets Oil falls 3%, extends losses after US inflation data LONDON: Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in... Updated 12 Dec, 2023 09:03pm
Markets Oil prices edge down with investors still wary LONDON: Oil prices dipped on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel... Updated 11 Dec, 2023 06:28pm
Markets Oil drops close to July low on scepticism over OPEC+ cuts LONDON: Global benchmark Brent fell below $78 a barrel, not far off its July low, despite Saudi Arabia saying OPEC+... Updated 05 Dec, 2023 07:06pm
Markets Oil prices fall amid skepticism on OPEC+ supply cuts Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to... Updated 30 Nov, 2023 10:30pm
Markets Brent falls below $80 ahead of OPEC+ meeting LONDON: Oil prices fell on Monday, with the Brent benchmark dropping below $80 a barrel as investors awaited this... Updated 27 Nov, 2023 06:11pm
Markets Oil rises on expectations of further OPEC+ supply cuts LONDON: Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to... Updated 20 Nov, 2023 07:20pm
Markets Oil prices dive on US crude build and China concerns Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors in New... Updated 16 Nov, 2023 09:58pm
Markets Stocks gain, bonds calm as Fed outlook trumps Moody’s downgrade TOKYO: Stocks in Asia rose on Monday while Treasuries and the dollar kept their composure, as investors took their... Published 13 Nov, 2023 10:28am
Markets Oil rises 1% after Fed, BoE keep rates unchanged LONDON: Oil gained 1% on Thursday to snap a three-day decline as risk appetite returned to financial markets after... Updated 02 Nov, 2023 07:00pm
Markets Oil rises more than $1 on fears of spread of Middle East conflict SINGAPORE: Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria... Published 27 Oct, 2023 09:46am
Markets Oil prices broadly stable amid flurry of weak economic data LONDON: Oil prices were broadly stable on Tuesday following the previous session’s dip after a flurry of economic... Updated 24 Oct, 2023 02:24pm
Markets Oil slips as investors watch diplomatic moves in Gaza war LONDON: Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where... Updated 23 Oct, 2023 05:54pm
Markets Oil up about 2% on big US crude storage draw, Middle East tension NEW YORK: Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected U.S. storage draw... Updated 18 Oct, 2023 09:37pm
Markets Oil prices edge higher ahead of Biden Middle East trip NEW YORK: Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is... Updated 17 Oct, 2023 09:04pm
Markets Oil surges on US sanctions, tight stockpile forecasts NEW YORK: Oil prices leapt more than $3 on Friday, with Brent on track for its highest weekly gain since April,... Updated 13 Oct, 2023 08:39pm
Markets Oil prices surge 4% on worries of escalation in Middle East conflict HOUSTON: Oil prices surged 4% on Monday, recouping some of the steep losses last week, as clashes between Israel and... Updated 09 Oct, 2023 08:31pm
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 prices hit 10-month highs on mounting supply concerns Oil prices jumped over 1% on Tuesday to 10-month highs, as weak U.S. shale output compounded supply concerns from... Updated 19 Sep, 2023 08:57pm
Markets Oil hits 2023 highs on tight supply outlook LONDON: Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as... Updated 14 Sep, 2023 05:24pm
Markets Oil prices ease from 10-month highs but hold above $90 a barrel LONDON: Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to... Updated 11 Sep, 2023 04:31pm
Markets Oil steadies as China fears counter tight US supply Oil prices were little changed on Wednesday despite a large drawdown in U.S. crude oil stocks as investors weighed... Updated 16 Aug, 2023 09:23pm
Markets Oil hits new highs as tighter supply offsets China demand concern LONDON: Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing to... Updated 09 Aug, 2023 04:40pm
Markets Oil dips after sustained rally bolstered by supply cuts LONDON: Oil prices edged lower following a protracted rally, helped by top producers Saudi Arabia and Russia... Updated 07 Aug, 2023 05:06pm
Markets Oil prices rise, set for sixth weekly gain on extended supply cuts LONDON: Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world’s second and... Updated 04 Aug, 2023 05:25pm
Markets Oil rises as Saudi Arabia extends cuts again LONDON: Oil prices jumped on Thursday after Saudi Arabia extended its voluntary one million barrel per day output... Updated 03 Aug, 2023 09:31pm
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