Oil set for 3% weekly gain, investors weigh Middle East risk HOUSTON: Oil prices were on track to gain around 3% on the week as Friday’s prices ticked up, with investors taking... Updated 25 Oct, 2024 09:43pm
Markets Oil prices broadly stable with uncertainty around Middle East and US election LONDON: Oil prices were broadly stable on Thursday as uncertainty around conflict in the Middle East and reports of... Updated 24 Oct, 2024 07:26pm
Markets Oil slips 1% on large build in US crude stocks; market watches Middle East NEW YORK: Oil prices fell on Wednesday after data showed U.s. crude inventories rose by more than expected even as... Updated 23 Oct, 2024 09:39pm
Markets Oil rises as Middle East war rages NEW YORK: Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle ... Updated 23 Oct, 2024 07:59am
Markets Oil rises on US crude stocks fall and possible delay to OPEC+ hike LONDON: Oil firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+... Updated 05 Sep, 2024 05:08pm
Markets Brent crude falls $1/bbl on demand fears HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the... Updated 04 Sep, 2024 09:03pm
Markets Oil drops more than 4% on reports of potential resolution to Libya dispute Brent crude futures down $3.51, or 4.5%, to $74.02 a barrel at 11:31am ET (15:31 GMT) Updated 03 Sep, 2024 09:30pm
Markets Oil prices fall as demand concerns offset Libya supply risks Oil prices fell by around 1% on Wednesday due to persistent concerns over Chinese demand and elevated risks of a... Updated 28 Aug, 2024 07:02pm
Markets Oil prices fall 2pc on economic worries, technical decline NEW YORK: Oil prices fell about 2% on Tuesday on worries that slower economic growth in the US and China could... Published 28 Aug, 2024 06:22am
Markets Oil up 2% on Libya shutdowns, Mideast escalation fears LONDON: Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on... Updated 26 Aug, 2024 05:17pm
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 Morgan Stanley cuts 2024 oil demand growth outlook NEW YORK: Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower... Published 24 Aug, 2024 06:23am
Markets Oil climbs with U.S. Federal Reserve pivot HOUSTON: Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest... Updated 23 Aug, 2024 11:34pm
Markets Oil prices steady as US crude draw limits downside Oil prices steadied on Thursday after four days of declines on investor concern over the global demand outlook,... Updated 22 Aug, 2024 05:42pm
Markets Oil edges up after US crude stock draw, weak Chinese economy caps gains HOUSTON: Oil prices edged up on Wednesday after a larger than expected crude stock draw, which offset some concerns... Updated 21 Aug, 2024 09:41pm
Markets Oil prices fall more than 1% on China worries Oil prices fell by more than $1 on Friday, with Brent slipping below $80 a barrel after a string of dismal... Updated 16 Aug, 2024 05:12pm
Markets China’s July oil refinery output sinks to the lowest since Oct 2022 SINGAPORE: China’s oil refinery output in July fell 6.1% from a year earlier, official data showed on Thursday, down... Published 15 Aug, 2024 10:25am
Markets Oil extends gains as US slowdown fears ease LONDON: Oil prices extended gains on Thursday after U.S. economic data that could allay fears of an imminent... Updated 15 Aug, 2024 07:05pm
Markets Oil prices tick down after surprise rise in US crude stockpiles HOUSTON: Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a... Updated 14 Aug, 2024 08:13pm
Markets Oil falls more than $1 as attack fears fade HOUSTON: Brent and U.S. crude oil futures fell more than $1 a barrel on Tuesday as markets saw reduced risk of a... Updated 13 Aug, 2024 09:09pm
Business & Finance US seeks 6m barrels of oil for SPR WASHINGTON: The US is seeking to buy another 6 million barrels of oil from energy companies to help replenish the... Published 13 Aug, 2024 07:02am
Markets Oil retreats from multi-month highs ahead of Fed decision LONDON: Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors... Updated 20 Mar, 2024 04:48pm
Markets Oil stays near-four month high but Russia export uptick weighs LONDON: Oil prices were largely steady on Tuesday near four-month highs after breaking above range-bound trading... Updated 19 Mar, 2024 04:35pm
Markets China Jan-Feb refinery output up 3% on Lunar New Year travels BEIJING: China’s crude oil throughput in January and February rose 3% compared to the same two months a year... Published 18 Mar, 2024 12:47pm
Markets Oil prices climb as attacks on Russian energy facilities intensify LONDON: Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as... Updated 18 Mar, 2024 05:29pm
Markets Oil prices dip, but set to end week over 3% higher Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy... Updated 15 Mar, 2024 08:32pm
Markets Indian bond traders cautious as 10-year US yield touches 4.20% MUMBAI: Indian government bond yields trading sideways, with a cautious bias, in early trades on Thursday, as US... Published 14 Mar, 2024 10:21am
Markets Oil prices rise as revised IEA forecasts suggest tighter market LONDON: Oil prices rose on Thursday as investors digested the International Energy Agency’s (IEA) latest oil market... Updated 14 Mar, 2024 09:19pm
Markets Oil rises on Russian refinery attacks, signs of strong demand LONDON: Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian... Updated 13 Mar, 2024 05:32pm
Markets Kuwait raises April crude prices for Asia SINGAPORE: Kuwait raised the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in April by 30 cents... Published 12 Mar, 2024 02:29pm
Satellite photos show Israel hit Iran former nuclear weapons test building, missile facilities, researchers say