Oil set for weekly decline with Fed in no rush to cut interest rates LONDON: Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that... Updated 23 Feb, 2024 06:26pm
Markets Oil rises on shipping tensions HOUSTON: Oil futures rose on Thursday as attacks continued on shipping in the Red Sea near Yemen but a large build ... Published 23 Feb, 2024 06:36am
Markets Oil rises on softer dollar, shipping attack LONDON: Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near... Updated 22 Feb, 2024 04:56pm
Business & Finance Sri Lanka repays $20m Iranian oil debt with tea COLOMBO: Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its... Published 22 Feb, 2024 06:55am
Markets Oil steady as investors weigh US rate cut outlook with Middle East tensions LONDON: Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations... Updated 21 Feb, 2024 08:57pm
Markets Oil dips as demand outlook remains uncertain NEW YORK: Oil prices fell on Tuesday, with an uncertain outlook for global demand knocking value off crude futures... Published 21 Feb, 2024 05:29am
Markets Oil steadies as demand jitters counter Middle East conflict LONDON: Global oil benchmark Brent crude was little changed on Monday, hovering around $83 a barrel as festering... Updated 19 Feb, 2024 06:17pm
Business & Finance UAE’s non-oil trade hits record $953bn in 2023 DUBAI: The United Arab Emirates’ non-oil trade reached a record high 3.5 trillion dirhams ($952.93 billion) in... Published 19 Feb, 2024 05:24am
Markets Oil prices higher NEW YORK: Oil prices settled higher on Friday as geopolitical tensions in the Middle East more than offset a ... Published 18 Feb, 2024 03:01am
Markets Oil slides 1% as weaker IEA demand outlook offsets rate cut hopes LONDON: Oil fell by about 1% on Friday as slowing demand forecast by the International Energy Agency (IEA) offset... Updated 16 Feb, 2024 07:13pm
Markets Oil rises on weaker dollar NEW YORK: Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International... Published 16 Feb, 2024 06:02am
Markets Oil slips as US crude build counters upbeat demand forecast NEW YORK: Oil futures slipped on Wednesday as surging US crude inventories weighed on prices, but losses were ... Published 15 Feb, 2024 05:39am
Markets Oil prices rise on ME tensions HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were... Published 14 Feb, 2024 02:34am
Markets Oil little changed as demand concerns offset ME tensions NEW YORK: Oil futures were little changed on Monday as rising concerns about global demand caused the market to take... Published 13 Feb, 2024 05:59am
Markets Energy transition spurred Saudi halt to oil expansion: official RIYADH: Saudi Arabia’s surprise decision to halt a planned expansion of its oil production capacity reflects... Published 13 Feb, 2024 05:59am
Business & Finance Oil heads for weekly gain NEW YORK: Oil prices were on track for gains of 6% on a week-on-week basis amid persistent tensions in the Middle... Published 10 Feb, 2024 05:48am
Markets 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 on Gaza ceasefire rejection NEW YORK: Oil prices gained over 2% on Thursday on concerns of a broadening conflict in the Middle East after Israel... Published 09 Feb, 2024 03:29am
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 gains on tighter supply prospects, Gaza ceasefire talks in focus HOUSTON: Oil prices rose on Tuesday in anticipation of tighter supply later in February while markets watched US... Published 07 Feb, 2024 05:30am
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 posts weekly losses as US data dents hopes for near-term rate cuts NEW YORK: Oil prices fell by about 2% on Friday and posted weekly losses after US jobs data shrank the odds of... Published 05 Feb, 2024 06:08am
Markets Oil set for weekly loss despite OPEC+ output decision LONDON: Oil prices dipped slightly on Friday despite the OPEC+ group’s decision to leave its production policy... Updated 02 Feb, 2024 06:59pm
Markets OPEC+ sticks to its strategy to reduce output VIENNA: An OPEC+ panel on Thursday reaffirmed the oil cartel's current output reduction strategy, supported by Saudi... Published 02 Feb, 2024 05:20am
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 NEW YORK: Oil prices fell on Wednesday, pressured by low economic activity in leading crude importer China and a... Published 01 Feb, 2024 04:52am
Markets Oil prices up on strong economic growth HOUSTON: Oil prices rose for a second week in a row and settled at their highest in nearly two months on Friday as... Published 28 Jan, 2024 02:43am
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 2pc on US crude stock draw NEW YORK: Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week and a... Published 26 Jan, 2024 04:58am
