Oil perks up as Red Sea tensions spark investor jitters LONDON: Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and... Updated 20 Dec, 2023 05:11pm
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
Markets Goldman cuts 2024 Brent price forecast on strong US supply Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying... Published 18 Dec, 2023 11:58am
World World leaders arrive in Kuwait to pay respects after emir’s death KUWAIT: Foreign dignitaries arrived in the Gulf state of Kuwait to offer condolences for the death of emir Sheikh... Published 18 Dec, 2023 10:12am
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
World Nations strike deal at COP28 to transition away from fossil fuels DUBAI: Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing... Updated 13 Dec, 2023 03:08pm
Markets Oil falls 3%, extends losses after US inflation data LONDON: Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in... Updated 12 Dec, 2023 09:03pm
World New COP28 draft deal stops short of fossil fuel ‘phase out’ DUBAI: A draft of a potential climate deal at the COP28 summit on Monday suggested a range of options that countries... Published 12 Dec, 2023 05:28am
Markets Russian, Iranian oil sellers boost prices as Venezuelan crude rallies SINGAPORE: Sellers of sanctioned oil from Russia and Iran are hiking offer prices to China after Venezuelan crude... Published 12 Dec, 2023 05:28am
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
World No ‘single solution’ for energy transition: OPEC chief DUBAI: The OPEC oil cartel said Saturday there was no “single solution” to the energy transition as pressure... Published 10 Dec, 2023 03:33am
World COP28 clashes over fossil fuel phase-out after OPEC pushback DUBAI: Countries clashed on Saturday over a proposed agreement to phase-out fossil fuels at the COP28 summit in... 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
World OPEC members push against including fossil fuels phase-out in COP28 deal DUBAI: OPEC members are pushing against attempts to include language on “phasing out” fossil fuels in a COP28... Updated 09 Dec, 2023 04:35pm
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
Business & Finance Saudi Q3 GDP shrinks 4.4% y/y, in line with earlier estimates RIYADH: Saudi Arabia’s real gross domestic product (GDP) contracted by 4.4% in the third quarter, government data... Published 07 Dec, 2023 12:56pm
World We meet in Moscow next time: Putin told MbS MOSCOW: President Vladimir Putin said that a planned visit by Saudi Crown Prince Mohammed bin Salman to Russia had... Published 07 Dec, 2023 11:16am
World Putin meets Nahyan, MbS in whirlwind Gulf visit RIYADH: Russian President Vladimir Putin landed in Saudi Arabia on Wednesday and immediately began hastily arranged... Published 07 Dec, 2023 04:35am
World Putin lands in Abu Dhabi on Middle East visit ABU DHABI: President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union... Updated 06 Dec, 2023 10:20pm
World Putin to talk oil in UAE and Saudi, to meet Crown Prince Mohammed bin Salman MOSCOW: Russian President Vladimir Putin visits the United Arab Emirates and Saudi Arabia on Wednesday and will hold... Published 06 Dec, 2023 01:43pm
Markets Indian bond yields seen slightly lower tracking US peers, oil MUMBAI: Indian government bond yields are likely to trend lower in early trading on Wednesday as US yields and oil... Published 06 Dec, 2023 09:48am
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
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
Markets Oil falls on demand fears and doubts over OPEC+ cuts LONDON: Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on... Updated 04 Dec, 2023 06:59pm
BR Research Opec’s cut: Not enough? The immediate reaction to Opec’s meeting outcome has surprised many. Brent and WTI edged lower after the cartel... Published 04 Dec, 2023 07:36am
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