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
Markets Oil dips on stronger dollar, signs of profit-taking HOUSTON: Oil prices edged lower on Tuesday on a stronger dollar and signs of profit-taking, after rallying in July... Published 02 Aug, 2023 06:47am
Markets Oil dips but on track for fifth week of gains NEW YORK: Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were... Published 31 Jul, 2023 06:43am
Markets China’s June imports of Russian crude jump to record 2.56mn bpd BEIJING: China’s imports of crude oil from Russia hit an all-time high in June, Chinese government data showed on... Published 20 Jul, 2023 09:35am
Markets Oil edges higher on lower US crude stocks, cautious outlook LONDON: Oil prices crept higher on Thursday as a lower-than-expected drop in US crude inventories and a weaker... Updated 20 Jul, 2023 05:36pm
Markets India’s Russian oil imports hit new high in June, but growth slows: trade NEW DELHI: India’s imports of Russian oil edged up to an all-time high in June, though growing at the slowest pace... Published 19 Jul, 2023 06:09pm
Markets Oil prices rise as US supply tightens, inflation worries ease NEW YORK: Oil prices gained on Wednesday, buoyed by tighter U.S. crude supplies, China’s pledge to reinvigorate its... Updated 19 Jul, 2023 09:34pm
Markets Oil steadies as investors eye US crude supplies LONDON: Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies... Updated 18 Jul, 2023 09:42pm
Markets Oil slides more than 1% as Chinese GDP dents demand hopes LONDON: Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern... Updated 17 Jul, 2023 05:56pm
Markets Oil prices drop on profit-taking, still headed for weekly gain BENGALURU: Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked... Updated 14 Jul, 2023 09:14pm
Markets Oil stuck between supply strains and economic doubt LONDON: Oil prices were little changed on Wednesday in a market caught between expectations supply cuts by the... Updated 12 Jul, 2023 05:55pm
Markets Oil prices up 2% to 10-week high on weaker US dollar, rising demand forecasts NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling U.S. dollar, hopes for... Updated 11 Jul, 2023 09:52pm
Markets Oil dips on Chinese and US data, but OPEC+ cuts limit fall LONDON: Oil prices dipped on Monday after weak economic data from top consumers the United States and China, though... Updated 10 Jul, 2023 08:17pm
Markets Oil prices set for second straight weekly gain after US data LONDON: Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand... Updated 07 Jul, 2023 03:16pm
Print Basis for fixation of base tariff: Rupee could hit 325 mark vs dollar by June 2024: PD ISLAMABAD: The Power Division is said to have projected that Pak rupee could touch Rs 325 per US$ by June 2024,... Updated 07 Jul, 2023 09:03am
Markets UAE climate chair urges oil firms to slash emissions PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national... Published 06 Jul, 2023 04:48pm
Markets Oil drops 1% as market frets about risk of US rate hike NEW YORK: Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a U.S. interest rate... Updated 06 Jul, 2023 09:01pm
Markets Oil prices rise ahead of U.S. holiday demand indicators BENGALURU: U.S. crude oil gained 3% on Wednesday, narrowing the price gap with global benchmark Brent in a... Updated 05 Jul, 2023 09:18pm
Markets Oil up as market weighs supply cuts against gloomy economic outlook LONDON: Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia... Updated 04 Jul, 2023 05:54pm
Markets Saudi Arabia extends extra 1 mbpd oil output cut to August DUBAI: Saudi Arabia said on Monday it would extend its voluntary oil output cut of one million barrels per day (bpd)... Published 03 Jul, 2023 03:31pm
Markets Russia to cut oil exports by 500,000 bpd in August, Novak says MOSCOW: Russia will cut oil exports by 500,000 barrels per day in August, President Vladimir Putin’s point man on... Published 03 Jul, 2023 03:07pm
Markets Oil rallies on Saudi and Russian supply cuts for August LONDON: Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August,... Updated 03 Jul, 2023 06:01pm
Markets Oil heads for fourth straight quarterly decline LONDON: Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of... Updated 30 Jun, 2023 05:28pm
Markets Oil prices fall on concerns of slow fuel demand, weak China data TOKYO: Oil prices fell on Thursday, paring some of the previous day’s gains, as investors took profits on concerns... Updated 29 Jun, 2023 03:22pm
Markets Oil rises as US inventory drop offsets rate hike fears LONDON: Oil rallied on Wednesday after an industry report of a larger-than-expected drop in US crude inventories... Updated 28 Jun, 2023 02:43pm
Markets Oil markets shrug off Russian political turmoil LONDON: Oil prices were steady on Monday, with political instability from an aborted revolt by Russian mercenaries... Updated 26 Jun, 2023 07:14pm
Markets Oil dips on demand worries as more rate hikes likely HOUSTON: Oil prices fell on Friday, headed for a weekly decline as traders worried interest rate hikes could sap... Published 26 Jun, 2023 06:38am
Markets Oil slumps with interest rate hikes and inventories in focus LONDON: Oil futures fell on Thursday, with trader concern over the impact of a bigger-than-expected Bank of England... Updated 22 Jun, 2023 06:51pm
Markets Oil rallies 1% after hawkish remarks from Fed’s Powell BENGALURU: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S.... Updated 21 Jun, 2023 09:58pm