Oil prices steady after attack on oil tanker off Oman coast LONDON: Oil prices steadied on Wednesday, as geopolitical tensions following an attack on an oil tanker off the... Updated 16 Nov, 2022 06:39pm
Markets Oil drops for fourth day on China demand concerns LONDON: Oil extended losses on Thursday for a fourth consecutive session as renewed COVID curbs in China raised... Updated 10 Nov, 2022 05:30pm
Markets Oil prices fall more than 2% on U.S. inventory build, China COVID worries NEW YORK: Oil prices dropped by about $2 a barrel on Wednesday after industry data showed that U.S. crude stockpiles... Updated 09 Nov, 2022 09:37pm
Markets Oil slips 1% as Fed rate hike raises fuel demand concerns NEW YORK: Oil slid about 1% on Thursday as an increase in U.S. interest rates pushed up the dollar and heightened... Updated 03 Nov, 2022 09:43pm
Markets Oil prices slip before expected Fed rate hike, US crude stockpiles seen falling LONDON: Oil prices slipped in and out of positive territory on Wednesday before an expected rate hike by the Federal... Updated 02 Nov, 2022 07:22pm
Markets Oil falls on China COVID curbs and weak factory data LONDON: Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that... Updated 31 Oct, 2022 07:04pm
Markets Oil rises on strong crude demand, despite China fears LONDON: Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as optimism over record U.S.... Updated 27 Oct, 2022 06:27pm
Markets Oil prices fall more than 3% on U.S. supply, lower China demand Oil prices fell by more than 3% in volatile trade on Tuesday on fears of higher U.S. supply amid an economic... Updated 18 Oct, 2022 10:38pm
Markets Oil near three-week high on cuts to OPEC+ output targets LONDON: Oil prices held near three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a... Updated 06 Oct, 2022 06:49pm
Markets Oil prices up slightly after Basra spill NEW YORK: Oil prices rose slightly on Friday as a spill at Iraq’s Basra terminal appeared likely to constrain ... Published 18 Sep, 2022 06:05am
Markets Oil prices fall 3% on recession fears LONDON: Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy,... Updated 31 Aug, 2022 05:20pm
Markets Oil pares losses after Saudi oil minister says OPEC+ has options including cuts HOUSTON: Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday, after Saudi... Updated 22 Aug, 2022 10:33pm
Markets Oil prices up nearly $3/bbl as chances of OPEC+ supply boost dim NEW YORK: Oil prices rose nearly $3 a barrel on Friday as attention turned to next week's OPEC+ meeting and dimming... Updated 29 Jul, 2022 11:36pm
Markets Oil rises almost $2, still set for weekly drop on recession fears LONDON: Oil rose by almost $2 a barrel on Friday supported by tight supply, although crude was heading for a second... Updated 24 Jun, 2022 06:27pm
Markets Oil edges higher as supply still seen tight after OPEC+ hike LONDON: Oil edged higher on Friday, supported by expectations that OPEC's decision to increase production targets by... Updated 03 Jun, 2022 07:33pm
Markets Oil firms on EU's Russian oil ban and end of Shanghai lockdown LONDON: Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian ... Updated 01 Jun, 2022 08:15pm
Markets Oil rises as tight supply counters economy fears and China curbs LONDON: Oil edged higher on Tuesday, recovering earlier losses, as tight global supply and an expected pick-up in... Updated 24 May, 2022 07:12pm
Markets Oil dips as recession worries outweigh rising demand forecast HOUSTON: Oil prices edged slightly lower on Monday, as worries of a possible recession outweighed an outlook for... Updated 23 May, 2022 08:19pm
Markets Oil prices recoup losses on renewed supply worries, dollar weakness NEW YORK: Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in... Updated 19 May, 2022 09:38pm
Markets Oil rises on EU’s Russian oil ban effort, demand hopes LONDON: Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on... Updated 17 May, 2022 01:43pm
Markets Oil jumps 4% as U.S. gasoline prices hit record high, stock markets soar NEW YORK: Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to an all-time high, stock markets... Updated 13 May, 2022 10:27pm
Markets Oil rises 2%, set for another weekly rise on supply concerns HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off... Updated 06 May, 2022 09:07pm
Markets Oil slides as Shanghai lockdowns stoke demand fears LONDON: Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week's decline as concern... Updated 25 Apr, 2022 08:03pm
Markets Oil market sinks on China demand fears LONDON: Oil sank Monday on Chinese demand fears, the recent release of strategic reserves, and dimming hope of a... Published 11 Apr, 2022 07:37pm
Markets Oil slips as IEA nations ready big release from reserves LONDON/NEW YORK: Oil futures edged lower on Wednesday following a surprising rise in U.S. crude stocks and after ... Updated 06 Apr, 2022 09:45pm
Markets Oil falls as IEA members meet to discuss stocks release LONDON: Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to... Updated 01 Apr, 2022 02:21pm
Markets Oil prices dive as US considers record reserves release HOUSTON: Oil prices tumbled on Thursday on news that the United States was considering the largest ever release from... Updated 31 Mar, 2022 09:45pm
Markets Oil plunges below $100 on easing supply concerns and China Covid cases LONDON: Oil prices tumbled to their lowest in almost three weeks on Tuesday as supply disruption fears eased and... Updated 15 Mar, 2022 08:59pm
Markets Oil bounces as tight supply gives high floor to prices LONDON: Oil prices bounced on Thursday from a sharp drop in the previous session after the United Arab Emirates... Updated 10 Mar, 2022 06:41pm
Markets Oil prices hit 14-year highs on Russia oil ban talks, Iran deal delay BENGALURU: Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United... Published 08 Mar, 2022 05:15am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?