Oil stabilises ahead of US inflation data and OPEC+ meeting LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook... Updated 31 May, 2024 05:19pm
Markets Oil prices steady before stocks and inflation data, OPEC+ meeting LONDON: Oil prices were broadly steady on Thursday, ahead of U.S. crude oil stockpiles data, inflation data and an... Updated 30 May, 2024 05:28pm
Markets Oil prices gain on expectations of OPEC+ extension to output cuts LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts... Updated 29 May, 2024 05:20pm
Markets Oil steadies as OPEC+ restraint balances interest rate concerns LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2... Updated 28 May, 2024 04:38pm
Markets Oil holds steady around three-month lows LONDON: Oil prices were stable on Friday but poised to show a weekly loss under pressure from lingering concerns... Updated 24 May, 2024 05:50pm
Markets Oil creeps back up after three days of losses LONDON: Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the U.S.... Updated 23 May, 2024 05:04pm
Markets Oil slips for third day on likely ‘higher for longer’ US rates LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve... Updated 22 May, 2024 05:37pm
Markets Oil rebounds, gains 1% after US crude draw, lukewarm inflation data NEW YORK: Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced... Updated 16 May, 2024 12:34am
Markets Oil dips as US data suggests inflation stickier than expected LONDON: Oil prices edged lower on Tuesday, after US data suggested inflation remains sticky, while OPEC maintained... Updated 14 May, 2024 07:47pm
Markets Oil benchmark Brent above $84 on perky US, China demand signals LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in... Updated 10 May, 2024 11:57pm
Markets Oil holds near one-week high on rising demand hopes after China, US data NEW YORK: Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in... Updated 09 May, 2024 11:12pm
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 steadies as weak physical markets balance Middle East tensions LONDON: Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle... Updated 07 May, 2024 04:53pm
Markets Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the... Updated 06 May, 2024 04:50pm
Markets Oil prices set for steepest weekly drop in 3 months LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months... Updated 03 May, 2024 05:37pm
Markets Oil prices rebound after closing at seven-week low LONDON: Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since... Updated 02 May, 2024 06:02pm
Markets Oil falls to 7-week low on surprise build in US storage, Middle East ceasefire hopes US Energy Information Administration says energy firms added surprise 7.3 million barrels of crude into stockpiles during week ended April 26 Updated 01 May, 2024 08:36pm
Markets Oil edges higher as investors eye Mideast talks, rates meeting LONDON: Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red... Updated 30 Apr, 2024 05:53pm
Markets Oil dips on Israel-Hamas peace talks, slim near-term US rate cut hopes Oil prices dipped on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict,... Updated 29 Apr, 2024 06:30pm
Markets Oil extends losses on easing Middle East tension, demand concerns LONDON: Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key... Updated 18 Apr, 2024 06:44pm
Markets Oil falls nearly 3% as demand worries outweigh Middle East supply risks Brent futures for June were down $2.44, or 2.7%, to $87.58 a barrel Updated 17 Apr, 2024 10:47pm
Markets China crude oil throughput rises 1.3% in March BEIJING: China’s oil refinery throughput rose in March as refiners stepped up runs amid signs of a tentative... Published 16 Apr, 2024 12:45pm
Markets Oil slips on easing Middle East supply concerns LONDON: Oil dipped for a second day on Tuesday as concerns about Middle East supply eased after Iran’s weekend... Updated 16 Apr, 2024 07:25pm
Markets Oil sheds more than $1/barrel after Iran attack NEW YORK: Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less... Updated 15 Apr, 2024 08:50pm
Markets Oil rebounds on Mideast tensions but set for weekly loss LONDON: Oil rose over 1% on Friday as heightened tensions in the Middle East raised the risk of supply disruptions... Updated 12 Apr, 2024 06:14pm
Markets Oil prices fall on big build in US crude, fuel inventories EIA expects Brent crude prices to average $88.55 a barrel in 2024, up from a previous forecast of $87 Updated 11 Apr, 2024 10:42am
Markets Oil steadies after dip on Middle East ceasefire talks LONDON: Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel... Updated 08 Apr, 2024 08:32pm
Markets Oil prices climb more than $1 per barrel on supply risk Brent crude was up $1.00, or 1.1%, to $91.65 a barrel Updated 05 Apr, 2024 11:59pm
Markets Oil steady, bolstered by lower supply concerns LONDON: Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output... Updated 04 Apr, 2024 09:09pm
Markets Brent oil hits highest price this year on fresh supply threats Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as... Updated 02 Apr, 2024 09:48pm