Oil slips as Venezuela sanctions ease, Middle East in focus LONDON: Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to... Updated 19 Oct, 2023 03:46pm
World OPEC plans no immediate action after Iran urges Israel oil embargo, sources say DUBAI/LONDON: OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran’s... Updated 18 Oct, 2023 10:47pm
Markets Oil prices edge higher ahead of Biden Middle East trip NEW YORK: Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is... Updated 17 Oct, 2023 09:04pm
Business & Finance Oil surges nearly 6 percent NEW YORK: Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as... Published 14 Oct, 2023 05:32am
Markets OPEC sees oil demand growth continuing until 2045 PARIS: Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude... Published 09 Oct, 2023 01:50pm
Print OPEC leaders make case for fossil fuels at Riyadh climate event RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the... Updated 09 Oct, 2023 09:33am
Markets OPEC+ panel holds oil policy steady as Saudi keeps oil cuts LONDON/MOSCOW/DUBAI: An OPEC+ ministerial panel which met on Wednesday made no changes to the group’s current oil... Published 04 Oct, 2023 05:41pm
Markets UAE energy minister says OPEC+ will never target a certain oil price ABU DHABI: The United Arab Emirates’ energy minister Suhail al-Mazrouei told the ADIPEC energy industry event in Abu... Published 02 Oct, 2023 04:42pm
Markets OPEC optimistic on demand, secretary general says ABU DHABI: OPEC is optimistic on demand and sees under-investment as a risk to energy security, Secretary General... Updated 02 Oct, 2023 01:26pm
Markets Asia’s crude oil imports slip in Sept as price hike bites LAUNCESTON: Asia’s crude oil imports slipped for a second consecutive month in September as refinery maintenance... Published 02 Oct, 2023 10:44am
Markets Big Oil, heavy industry discuss emission curbs ahead of COP28 ABU DHABI: Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab... Published 02 Oct, 2023 10:22am
Opinion Quintessential Riyal Politik Saudi crown prince and de facto ruler Mohammad bin Salman’s recent interview to Fox TV was a classing exercise in... Published 28 Sep, 2023 05:33am
Markets Oil little changed ahead of US Fed rate decision NEW YORK: Oil prices were little changed on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision,... Updated 20 Sep, 2023 09:01pm
Markets Oil hits 2023 highs on tight supply outlook HOUSTON: Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed... Published 15 Sep, 2023 06:31am
Markets Saudi, Russian oil cuts to cause big supply shortfall: IEA PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of... Published 14 Sep, 2023 06:07am
Markets OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push... Published 13 Sep, 2023 05:05pm
Markets Oil prices extend multi-month highs on supply concerns LONDON: Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight... Updated 13 Sep, 2023 05:01pm
Markets OPEC says oil production increases slightly in August VIENNA: Oil production among the 13-member Organization of the Petroleum Exporting Countries (OPEC) increased... Published 12 Sep, 2023 07:52pm
World Venezuela’s Maduro arrives in Beijing ahead of Xi meeting BEIJING: Venezuelan President Nicolas Maduro arrived in Beijing on Tuesday ahead of a meeting with China’s Xi... Published 12 Sep, 2023 11:37am
Markets Oil prices spike on tight supplies and upbeat OPEC LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the... Updated 12 Sep, 2023 08:22pm
BR Research Brent surge continues All eyes are set on two crucial monthly reports due later this week – by the US Energy Information Administration... Published 12 Sep, 2023 09:04am
BR Research Brent oil rises and rises The Brent crude price retreat proved short-lived as expected. Brent crude oil crossed $86/bbl – continuing the bull... Published 31 Aug, 2023 07:55am
Markets Oil up 1% on tighter supplies and heating oil prices LONDON: Oil prices rose more than 1% on Monday as tighter supply reflected in fewer exports from Saudi Arabia and... Updated 21 Aug, 2023 06:35pm
Markets Saudi oil exports fall for third month running Saudi Arabia’s crude oil exports fell for a third straight month in June to their lowest since September 2021, data... Published 16 Aug, 2023 05:19pm
Print IEA flags OPEC+ supply cuts International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter Updated 12 Aug, 2023 09:53am
Print India raises concerns over oil market volatility with producer countries NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and... Updated 11 Aug, 2023 08:43am
Markets Oil falls as US rate hike fears subside NEW YORK: Oil prices fell slightly on Thursday, with Brent crude holding close to January highs, as speculation ... Published 11 Aug, 2023 05:17am
Markets OPEC flags healthy oil market fundamentals in second half LONDON: Prospects for the global oil market look healthy for the second half of the year, OPEC said on Thursday as... Published 10 Aug, 2023 06:24pm
Markets OPEC+ panel meets against backdrop of a stronger oil market LONDON/DUBAI: An OPEC+ ministerial panel which meets on Friday is unlikely to tweak the group’s current oil output... Published 04 Aug, 2023 05:47pm
Markets Saudi Arabia will extend voluntary 1 million bpd oil cut through Sept DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to... Published 03 Aug, 2023 06:28pm