Oil prices gain around 1% as Red Sea tension persists LONDON: Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on... Updated 22 Dec, 2023 10:03pm
Markets Oil falls as Angola decides to exit OPEC NEW YORK: Oil prices fell by roughly $1 a barrel on Thursday after Angola said it would exit the Organization of the... Published 22 Dec, 2023 05:22am
Business & Finance Angola to quit OPEC over oil production quotas disagreement LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil... Published 22 Dec, 2023 05:22am
Markets Mideast oil benchmarks wallow in discounts, lowest since 2020 SINGAPORE: Middle East crude benchmarks Dubai and Oman hit their lowest levels since 2022 as low pre-holiday... Published 19 Dec, 2023 02:54pm
Print Russia eyes additional oil export cuts of about 50,000bpd in Dec MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or... Updated 18 Dec, 2023 08:35am
World India will buy Venezuelan oil, says minister NEW DELHI: India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude... Published 15 Dec, 2023 12:15pm
Markets Oil prices on track for first weekly rise in two months LONDON: Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a... Updated 15 Dec, 2023 03:36pm
Markets Oil rises more than 3pc on weaker dollar, IEA demand upgrade NEW YORK: Oil prices rose more than 3% on Thursday, extending the previous session’s gains, boosted by a weaker... Published 15 Dec, 2023 03:12am
Markets Oil rises on weaker dollar, IEA demand upgrade LONDON: Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the... Updated 14 Dec, 2023 05:25pm
Markets OPEC blames ‘exaggerated’ demand concerns for oil price drop LONDON: OPEC on Wednesday said it remained cautiously optimistic about 2024 oil market fundamentals and blamed... Published 13 Dec, 2023 06:01pm
Markets Oil prices stable around six-month lows LONDON: Oil prices were little changed on Wednesday, after falling by more than 3% to six-month lows in the previous... Updated 13 Dec, 2023 06:07pm
Markets Oil falls more than 3pc, extends losses after US data NEW YORK: Oil prices fell more than 3% on Tuesday, hitting their lowest level in six months amid growing concerns of... Published 13 Dec, 2023 05:33am
Markets Asian stocks brace for central bank bonanza SYDNEY: Asian shares started cautiously on Monday ahead of a week packed with a quintet of central bank meetings and... Published 11 Dec, 2023 09:55am
Markets Oil prices edge down with investors still wary LONDON: Oil prices dipped on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel... Updated 11 Dec, 2023 06:28pm
Markets Oil gains but records seventh weekly decline BENGALURU: Oil prices rose more than 2% on Friday after US data supported expectations of demand growth, but both... Published 10 Dec, 2023 03:33am
World Spanish minister slams ‘disgusting’ OPEC push on fossil fuels DUBAI: Spanish ecology transition minister Teresa Ribera lashed out Saturday at an OPEC bid to block any phase-out... Published 09 Dec, 2023 12:43pm
Markets OPEC chief urges members to reject any COP28 deal that targets fossil fuels DUBAI: OPEC Secretary General Haitham Al Ghais has urged OPEC+ members to reject proposals for any text under... Published 09 Dec, 2023 05:46am
Markets Oil stages small recovery as weak economic outlook lingers LONDON: Oil prices reclaimed some ground on Thursday after tumbling to a six-month low the previous day but... Updated 07 Dec, 2023 02:47pm
Markets Oil drops on demand worries HOUSTON: Oil prices fell by 4% on Wednesday, and touched their lowest levels since June, as a larger-than-expected... Published 07 Dec, 2023 04:35am
Markets Oil drops on demand worries after US gasoline inventories swell Brent crude futures fall $2.81 or 3.5% to $74.39 a barrel US WTI crude futures drop by $2.74 or 3.8% to $69.58 a barrel Updated 06 Dec, 2023 10:57pm
World Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh RIYADH: Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional... Published 06 Dec, 2023 04:27am
Markets Oil drops close to July low on scepticism over OPEC+ cuts LONDON: Global benchmark Brent fell below $78 a barrel, not far off its July low, despite Saudi Arabia saying OPEC+... Updated 05 Dec, 2023 07:06pm
Business & Finance Nov oil sales rise 9pc MoM KARACHI: Pakistan OMC’s recorded sales of 1.4 million tons up 9.0 percent on month-on-month basis while Ex-Furnace... Updated 05 Dec, 2023 09:09am
Markets Oil falls on demand fears, doubts over OPEC+ cuts HOUSTON: Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on... Published 05 Dec, 2023 03:01am
World Putin to visit UAE, Saudi Arabia this week MOSCOW: Russian President Vladimir Putin will visit the United Arab Emirates and Saudi Arabia this week, Russian... Published 04 Dec, 2023 10:55pm
World 50 oil and gas companies pledge to cut operational emissions DUBAI: Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their... Published 03 Dec, 2023 02:59am
Markets Oil exploration rights: Bids opened for 10 onshore blocks ISLAMABAD: Bid Opening Committee under the chairmanship of DGPC publicly opened bids for 10 onshore blocks for grant... Published 02 Dec, 2023 05:09am
Business & Finance OPEC+ agrees to voluntary oil output cuts LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching 2 million barrels... Published 01 Dec, 2023 04:43am
Markets Oil prices fall amid skepticism on OPEC+ supply cuts Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to... Updated 30 Nov, 2023 10:30pm
Markets Oil prices up in volatile trading BENGALURU: Oil prices edged higher in volatile trading on Wednesday as investors focused their attention on an... Published 30 Nov, 2023 04:53am
