Oil rises 1%, heads for weekly gain as Middle East conflict rages LONDON: Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in... Updated 09 Feb, 2024 09:25pm
Markets Oil up 2% on Gaza ceasefire rejection and US fuel stocks data Wider Middle East tensions have kept the market on edge since October, with limited progress in talks to end the Gaza conflict Updated 08 Feb, 2024 11:57pm
Markets Oil up on lower-than-expected rise in US crude stockpiles LONDON: Oil prices rose for a third day on Wednesday after U.S. crude inventories grew less than expected and a cut... Updated 07 Feb, 2024 05:59pm
Markets Oil gains as Gaza ceasefire talks in focus LONDON: Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony... Updated 06 Feb, 2024 07:06pm
Markets Oil slips as rate cut caution overshadows Mideast strikes LONDON: Oil prices slipped again on Monday as a strong U.S. job report which capped sharp falls last week dampened... Updated 05 Feb, 2024 05:51pm
Markets Oil buoyed by US signals on interest rate cuts LONDON: Oil prices edged higher on Thursday, boosted by the U.S. Federal Reserve signalling a possible start to... Updated 01 Feb, 2024 05:31pm
Markets Oil dips on faltering China economy, US crude stock build Oil prices fell on Wednesday, pressured by low economic activity in leading crude importer China and a surprise... Updated 31 Jan, 2024 09:45pm
Markets Oil slips on China economic headwinds LONDON: Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic... Updated 30 Jan, 2024 08:31pm
Markets Oil dips in choppy trade amid China economic concerns, Middle East tensions LONDON: Oil prices dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries, while... Updated 29 Jan, 2024 08:11pm
Markets Oil dips but remains on track for weekly gain on US, Chinese growth HOUSTON: Oil prices weakened slightly on Friday, but remain set for a second weekly gain as positive U.S. economic... Updated 26 Jan, 2024 10:55pm
Markets Oil perks up nearly 2% on US crude stock draw, Red Sea tensions LONDON: Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week and a... Updated 25 Jan, 2024 08:53pm
Markets Oil steadies near $80 as China announces stimulus LONDON: Oil steadied on Wednesday, with Brent trading near $80 a barrel, as a Chinese economic stimulus package and... Updated 24 Jan, 2024 04:46pm
Markets Oil eases slightly on mixed supply cues, geopolitical tensions LONDON: Oil prices eased slightly on Tuesday as traders weighed simmering geopolitical tensions in several regions... Updated 23 Jan, 2024 04:32pm
Markets Oil creeps higher as geopolitics outweigh demand concerns LONDON: Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on... Updated 22 Jan, 2024 10:41pm
Markets Asian shares bounce on global tech rally, yen loser of the week SYDNEY: Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the... Published 19 Jan, 2024 09:59am
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil prices rise on strong IEA and OPEC demand estimates LONDON: Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in... Updated 18 Jan, 2024 04:55pm
Markets China’s 2023 oil refinery output rises to record on fuel demand recovery BEIJING: China’s oil refinery throughput in 2023 rose 9.3% from a year earlier to a record, reversing a rare decline... Published 17 Jan, 2024 11:08am
Markets Oil falls as China’s economic recovery disappoints, dollar strengthens LONDON: Oil fell more than $1 on Wednesday as economic growth in China, the world’s second-largest crude user,... Updated 17 Jan, 2024 05:49pm
Markets Oil prices rise 1% on flaring Middle East tensions Oil prices rose by around 1% on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude... Updated 16 Jan, 2024 07:11pm
Markets China’s record crude, coal, iron ore imports don’t tell the whole story: Russell LAUNCESTON: China’s imports of crude oil, coal and iron ore all soared to record highs in 2023, but this seemingly... Published 15 Jan, 2024 02:13pm
Markets Oil drops more than 1% despite Middle East conflict LONDON: Oil prices lost more than 1% on Monday as the Middle East conflict’s limited impact on crude output prompted... Updated 15 Jan, 2024 08:39pm
Markets China’s 2023 crude oil imports hit record as fuel demand recovers China’s annual crude oil imports hit an all-time high in 2023, customs data showed on Friday, as fuel demand... Published 12 Jan, 2024 10:35am
Markets Oil rises 3% as some tankers avoid Red Sea after strikes US and UK strikes add to market concerns about the Israeli aggression in Gaza widening into a broader conflict in the Middle East affecting oil supplies from the region Updated 12 Jan, 2024 08:10pm
Markets Oil prices firm as Middle East tensions heat up LONDON: Oil prices rose on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of... Updated 11 Jan, 2024 08:56pm
Markets Oil rises as Middle East tensions offset economy concerns LONDON: Oil rose around 1% on Wednesday in a second day of gains as Middle East supply concerns arising from the... Updated 10 Jan, 2024 09:23pm
Markets China’s oil production rises to 208mn tons in 2023 BEIJING: China’s crude oil production rose to 208 million metric tons in 2023, equivalent to 4.16 million barrels... Published 09 Jan, 2024 12:20pm
Markets Oil prices firm on Middle East crisis and Libya outage LONDON: Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s... Updated 09 Jan, 2024 09:29pm
Markets Oil prices rise on Middle East tensions LONDON: Oil prices rose on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an... Updated 05 Jan, 2024 07:05pm
Markets Oil extends gains on Middle East supply worries LONDON: Oil rose by about 1% on Thursday, extending gains on concerns over Middle Eastern supply after disruptions... Updated 04 Jan, 2024 05:51pm