Oil eases slightly on mixed supply cues, geopolitical tensions LONDON: Oil prices eased slightly on Tuesday as traders weighed simmering geopolitical tensions in several regions... Updated 23 Jan, 2024 04:32pm
Markets Oil rises as conflicts, weather tighten HOUSTON: Oil prices rose about 2% on Monday as traders weighed the impact of wars in the Middle East and Ukraine and... Published 23 Jan, 2024 05:14am
Markets Asian shares bounce on global tech rally, yen loser of the week SYDNEY: Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the... Published 19 Jan, 2024 09:59am
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Markets Oil slips about 1pc despite Middle East conflict LONDON: Oil prices lost roughly 1 percent on Monday as the Middle East conflict’s limited impact on crude output... Published 16 Jan, 2024 05:44am
Markets Oil drops more than 1% despite Middle East conflict LONDON: Oil prices lost more than 1% on Monday as the Middle East conflict’s limited impact on crude output prompted... Updated 15 Jan, 2024 08:39pm
Markets Oil rises 3% as some tankers avoid Red Sea after strikes US and UK strikes add to market concerns about the Israeli aggression in Gaza widening into a broader conflict in the Middle East affecting oil supplies from the region Updated 12 Jan, 2024 08:10pm
Markets Oil prices rise 3pc as ME tensions surge NEW YORK: Oil prices climbed about 3% to a two-week high on Thursday after Iran seized an oil tanker off the coast ... Published 12 Jan, 2024 03:06am
Markets Oil prices firm as Middle East tensions heat up LONDON: Oil prices rose on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of... Updated 11 Jan, 2024 08:56pm
Markets Oil prices fall after surprise US storage build NEW YORK: Oil prices fell on Wednesday after a surprise jump in US crude stockpiles raised worries about demand in... Published 11 Jan, 2024 06:15am
Markets Oil rises as Middle East tensions offset economy concerns LONDON: Oil rose around 1% on Wednesday in a second day of gains as Middle East supply concerns arising from the... Updated 10 Jan, 2024 09:23pm
Markets China’s oil production rises to 208mn tons in 2023 BEIJING: China’s crude oil production rose to 208 million metric tons in 2023, equivalent to 4.16 million barrels... Published 09 Jan, 2024 12:20pm
Markets Oil prices firm on Middle East crisis and Libya outage LONDON: Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s... Updated 09 Jan, 2024 09:29pm
Markets Saudi Arabia cuts Feb Arab Light crude price to Asia to 27-month low SINGAPORE: Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian... Updated 07 Jan, 2024 09:19pm
Markets Oil prices higher on ME tensions HOUSTON: Oil prices settled higher on Friday as US Secretary of State Antony Blinken began a week-long sweep through... Published 07 Jan, 2024 02:43am
Markets Oil prices rise on Middle East tensions LONDON: Oil prices rose on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an... Updated 05 Jan, 2024 07:05pm
Markets Oil falls on massive US fuel inventory builds LONDON: Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and ... Published 05 Jan, 2024 03:12am
Markets Oil extends gains on Middle East supply worries LONDON: Oil rose by about 1% on Thursday, extending gains on concerns over Middle Eastern supply after disruptions... Updated 04 Jan, 2024 05:51pm
Business & Finance OPEC stresses OPEC+ unity, after Angola exit DUBAI/LONDON: OPEC said on Wednesday that cooperation and dialogue within the wider OPEC+ oil producer’s alliance... Published 04 Jan, 2024 05:41am
Markets China issues 2024 crude import quotas, 60% more than year earlier SINGAPORE: China has released 179.01 million metric tons of crude import quotas for 2024, according to Chinese... Published 02 Jan, 2024 11:43am
Markets Oil prices jump on disruption fears after latest Red Sea attack LONDON: Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle... Updated 02 Jan, 2024 05:02pm
Markets Nigeria aims to raise oil, condensates output to 2.6 mln bpd ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6... Published 02 Jan, 2024 05:21am
Markets Egyptian bourse registers biggest annual gain since 2016 DUBAI: Most stock markets in the Middle East ended higher on Sunday, with the Egyptian index chalking up its biggest... Published 01 Jan, 2024 05:40am
Markets Oil prices set to end year 10pc lower LONDON: Oil prices are set to end 2023 about 10 percent lower after two years of gains as geopolitical concerns,... Published 30 Dec, 2023 06:28am
Markets Oil prices set to end year 10% lower as demand concerns snap winning streak LONDON: Oil prices are set to end 2023 about 10% lower after two years of gains as geopolitical concerns, production... Updated 29 Dec, 2023 05:03pm
Markets Oil prices drift lower LONDON: Oil prices fell more than 1% on Thursday as concerns eased about shipping disruptions along the Red Sea... Published 29 Dec, 2023 02:58am
Markets Oil down $1 as investors watch Red Sea developments LONDON: Oil prices fell by $1 a barrel on Wednesday, eating into the previous day’s gains as investors monitored... Updated 27 Dec, 2023 10:19pm
Markets Oil jumps on ME strife, US rate cut hopes HOUSTON: Oil jumped 3% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea... Published 27 Dec, 2023 05:15am
Markets Oil prices fall ahead of long holidays NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could... Published 24 Dec, 2023 04:00am
