Oil rises as Chinese economic indicators offer mixed picture LONDON: Oil prices rose on Tuesday after China cut benchmark lending rates in a potential boost to growth but oil... Updated 20 Jun, 2023 05:04pm
Markets Brent oil may retrace into $74.86-$75.33 range Brent oil may retrace into a range of $74.86 to $75.33 per barrel, as it failed to break a resistance at $76.82. The... Published 19 Jun, 2023 09:39am
Markets Oil falls amid China growth uncertainties LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh... Updated 19 Jun, 2023 06:52pm
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets Oil futures up 3pc on strong China refinery data HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump... Published 16 Jun, 2023 06:27am
Markets Brent oil may revisit June 8 low $73.58 Brent oil may revisit its June 8 low of $73.58 per barrel, as the downtrend from $78.73 may have resumed. The bounce... Published 12 Jun, 2023 10:15am
Markets Oil posts second weekly decline as demand concerns overshadow Saudi cut BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as... Published 12 Jun, 2023 06:26am
Markets Brent oil may retrace into $74.33-$74.80 range Brent oil may retrace into a range of $74.33 to $74.80 per barrel, as it has broken a support at $75.55. The current... Published 09 Jun, 2023 10:07am
Markets Brent oil may retest resistance at $77.52 Brent oil may retest a resistance at $77.52 per barrel, a break above which could lead to a gain to $78.39. The rise... Published 08 Jun, 2023 10:44am
Markets Oil rises as Saudi cut supports and focus turns to Fed LONDON: Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential... Updated 08 Jun, 2023 06:03pm
Markets Oil prices higher as Saudi output cuts overshadow weak signals HOUSTON: Oil prices climbed over 1% on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Published 08 Jun, 2023 06:30am
Markets US oil may rise into $73.16-$73.89 range SINGAPORE: US oil may rise into a range of $73.16 to $73.89 per barrel, as it has found a strong support at $70.10.... Published 07 Jun, 2023 09:55am
Markets Brent oil may rise to $77.52 Brent oil may break a resistance at $76.45 per barrel, and rise to $77.52. The bounce from the Tuesday low of $74.72... Published 07 Jun, 2023 09:53am
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Markets Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says Top crude exporter Saudi Arabia’s one million barrel per day (bpd) oil output cut is unlikely to underpin a... Published 06 Jun, 2023 01:41pm
Markets US oil may test support $71.05 SINGAPORE: US oil may test a support of $71.05 per barrel, a break below which could open the way towards... Published 06 Jun, 2023 09:44am
Markets Brent oil may slide into $75.41-$75.79 range Brent oil may slide into a range of $75.41-$75.79 per barrel, as a top has formed around a resistance at $78.63. The... Published 06 Jun, 2023 09:39am
Markets Oil falls as economic fears overshadow Saudi output cut LONDON: Oil prices tumbled by more than $1 a barrel on Tuesday, retreating from a strong rally in the previous... Updated 06 Jun, 2023 07:06pm
Markets Asia Naphtha, Gasoline margin plunges to November lows, crude rises NEW DELHI: Asia’s naphtha refining profit margin tanked to the lowest since Nov. 11 on Monday after crude oil... Published 06 Jun, 2023 05:33am
Business & Finance Investors ignore OPEC+ to focus on consumption outlook: Kemp LONDON: Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the... Published 06 Jun, 2023 05:33am
Markets Saudi Arabia raises July crude price for Asia to 6-month high SINGAPORE: Saudi Arabia, the world’s top oil exporter, raised the prices of its flagship crude Arab Light to Asian... Published 05 Jun, 2023 09:26pm
Markets Brent oil may retest resistance $78.63 Brent oil may retest a resistance at $78.63 per barrel, a break above which could lead to a gain to $79.39. A... Published 05 Jun, 2023 09:27am
Markets Oil rises 1% on Saudi plan to deepen output cuts from July NEW YORK: Oil prices rose by more than 1% a barrel on Monday after top crude exporter Saudi Arabia pledged to cut... Updated 05 Jun, 2023 08:30pm
Markets Oil prices rise after US debt deal, all eyes on OPEC meeting LONDON: Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil... Updated 02 Jun, 2023 05:50pm
Markets OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite... Published 01 Jun, 2023 07:40pm
Markets Oil steadies as U.S debt bill progress balanced by higher inventories LONDON: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on... Updated 01 Jun, 2023 03:17pm
Markets Brent oil may fall into $71.99-$72.83 range Brent oil may break a support of $73.35 per barrel and fall into a range of $71.99-$72.83. The contract is riding on... Published 31 May, 2023 10:13am
Markets Oil falls on weak China data, stronger US dollar LONDON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised... Updated 31 May, 2023 07:44pm
Markets Oil slides 4% on worries about US debt ceiling, OPEC+ talks NEW YORK: Oil prices fell by about 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt... Updated 30 May, 2023 09:48pm
Markets Asia naphtha refining profit margin down NEW DELHI: Asia’s naphtha refining profit margin was down slightly on Monday after rising about 16% last week,... Published 30 May, 2023 03:37am
