Oil rises 2pc as KSA and Russia keep supplies tight NEW YORK: Oil prices gained about 2 percent on Thursday as Saudi Arabia and Russia were taking steps to keep ... Published 04 Aug, 2023 06:20am
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
BR Research Oil bull run brews trouble for Pakistan Oil bulls are back in business as Saudi led Opec Plus decisions are finally making an impact – leading to fourth... Published 01 Aug, 2023 08:28am
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... Updated 28 Jul, 2023 09:34pm
Markets Oil dips ahead of Fed rate decision LONDON: Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike... Updated 26 Jul, 2023 05:10pm
Markets Oil prices rise as tight supply counters expected rate hikes LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well... Updated 24 Jul, 2023 05:46pm
Business & Finance Gulf economies to grow at much slower pace than earlier forecast BENGALURU: Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even ... Updated 24 Jul, 2023 06:40am
Markets Oil climbs, fuelled by tighter supplies, China stimulus LONDON: Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in... Updated 21 Jul, 2023 05:02pm
Markets Oil edges higher on lower US crude stocks LONDON: Oil prices edged higher on Thursday on lower US crude inventories and strong crude imports by China, but a... Published 21 Jul, 2023 06:38am
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 prices edge up on weak US dollar NEW YORK: Oil prices climbed more than 1% on Tuesday as a weaker US dollar and expected decline in US output... Published 19 Jul, 2023 03:21am
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 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
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 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 Brent crude slides to discount against Dubai, first time since Nov 2020 SINGAPORE: Brent crude futures slipped to a discount to Dubai quotes on Wednesday for the first time since November... Published 28 Jun, 2023 10:44am
Markets Goldman says interest rates are a persistent drag on oil’s monthly spreads The monthly price spreads for Brent crude futures are facing significant headwinds from the current higher interest... Published 28 Jun, 2023 10:16am
Markets Oil prices fall ahead of US stocks data LONDON: Oil prices slipped on Tuesday ahead of data shedding light on U.S. appetite for fuel during the summer... Updated 27 Jun, 2023 05:25pm
Markets Asia’s naphtha refining profit margin extends loss NEW DELHI: Asia’s naphtha refining profit margin started the week in losses amid poor demand from petrochemical... Published 27 Jun, 2023 06:15am
Markets Naphtha margin down NEW DELHI: Asia’s naphtha refining profit margin posted a weekly loss of about 74% amid poor demand fundamentals... Published 25 Jun, 2023 02:57am
Markets Oil resumes slide on demand worries after latest rate hikes LONDON: Oil dropped over 2% on Friday and was heading for a weekly decline, as a UK interest rate hike added to... Updated 23 Jun, 2023 07:23pm
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 Gulf stock markets end mixed DUBAI: Stock markets in the Gulf ended mixed on Monday as investors remained cautious amid volatile oil prices and... Published 20 Jun, 2023 03:16am
