Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 MOSCOW: Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August... Published 02 Aug, 2023 02:29pm
Opinion ‘Your network is your net worth’ People love to belong. They feel it gives them status, security, opportunity for upward or lateral mobility. Some... Updated 01 Aug, 2023 06:45am
Business & Finance OPEC oil output falls on Saudi cut and Nigerian outage LONDON: OPEC oil output has fallen in July after Saudi Arabia made an additional voluntary cut as part of the OPEC+... Published 01 Aug, 2023 06:19am
Markets Oil dips but on track for fifth week of gains NEW YORK: Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were... Updated 28 Jul, 2023 09:34pm
Markets Oil dips ahead of Fed rate decision LONDON: Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike... Updated 26 Jul, 2023 05:10pm
Business & Finance Gulf economies to grow at much slower pace than earlier forecast BENGALURU: Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even ... Updated 24 Jul, 2023 06:40am
Markets Russia sets plans for oil export cuts in August MOSCOW: Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month... Published 14 Jul, 2023 05:33pm
Markets Qatar Energy hikes September al-Shaheen oil term price SINGAPORE: Qatar Energy raised the term price for cargoes of al-Shaheen crude oil loading in September, trade... Published 14 Jul, 2023 10:20am
Markets OPEC sees 2.2 pct oil demand growth in 2024 despite headwinds LONDON: OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in... Published 13 Jul, 2023 06:13pm
World Japan’s Kishida to visit Middle East to talk energy markets, offer green tech TOKYO: Japanese Prime Minister Fumio Kishida plans to discuss energy markets on a trip to Saudi Arabia, United Arab... Published 13 Jul, 2023 06:00pm
BR Research Oil prices - a rally coming soon? The global crude oil price had been stuck near $75 since May this year. After resisting the prevailing pessimism for... Published 13 Jul, 2023 08:09am
Markets Saudi output cuts help drive up one corner of global oil market HOUSTON: Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and... Published 12 Jul, 2023 10:46am
Markets OPEC Sec Gen: global energy demand seen rising 23% through 2045 ABUJA: Global energy demand is forecast to rise 23% through 2045, Haitham Al Ghais, the secretary general of the... Published 11 Jul, 2023 03:54pm
Business & Finance OPEC upbeat over 2024 oil demand outlook despite slowdown VIENNA: OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first... Published 07 Jul, 2023 05:24am
Markets Oil resumes slide on demand worries after latest rate hikes LONDON: Oil dropped over 2% on Friday and was heading for a weekly decline, as a UK interest rate hike added to... Updated 23 Jun, 2023 07:23pm
Markets China’s crude imports from Russia surge to record 2.29mn bpd in May BEIJING: China’s oil imports from Russia jumped to a record high in May, Chinese government data showed on Tuesday,... Published 20 Jun, 2023 12:29pm
Markets Oil rises as Chinese economic indicators offer mixed picture LONDON: Oil prices rose on Tuesday after China cut benchmark lending rates in a potential boost to growth but oil... Updated 20 Jun, 2023 05:04pm
Markets Iran’s oil exports hit 5-year highs as US holds nuclear talks LONDON: Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, according to... Published 19 Jun, 2023 06:55am
Markets Iraq invites foreign bids for 11 gas blocks in new areas BAGHDAD: Iraq on Sunday invited foreign companies to bid for contracts to explore and develop natural gas reserves ... Published 19 Jun, 2023 06:55am
Markets Japan, OPEC to establish high-level dialogue, Nikkei says TOKYO: Japan and the Organization of the Petroleum Exporting Countries (OPEC) have agreed to establish a dialogue... Published 14 Jun, 2023 10:19am
Markets OPEC oil demand forecast holds steady as economic clouds gather LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the... Published 13 Jun, 2023 05:47pm
World OPEC+ working against ‘uncertainities and sentiment’, Saudi minister says RIYADH: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Sunday that the latest OPEC+ agreement... Published 11 Jun, 2023 07:10pm
World Kremlin says US can’t tell Saudi Arabia what to do on oil policy MOSCOW: The Kremlin said on Friday that Saudi Arabia did not need lectures from the United States about oil policy,... Published 09 Jun, 2023 02:29pm
Markets Britain sets price floor on oil and gas windfall tax LONDON: Britain’s windfall tax on oil and gas producers will not be applied if prices drop to certain levels for six... Published 09 Jun, 2023 01:46pm
World Tensions in US-Saudi ties cloud Blinken visit to Riyadh RIYADH: A visit by the US Secretary of State to Saudi Arabia drew little Saudi media coverage on Thursday at a time... Published 08 Jun, 2023 06:00pm
Markets Oil prices higher as Saudi output cuts overshadow weak signals HOUSTON: Oil prices climbed over 1% on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Published 08 Jun, 2023 06:30am
Markets IMF says Saudi Arabia growth to slow to 2.1% in 2023 on oil production cuts DUBAI: The International Monetary Fund (IMF) expects growth in Saudi Arabia to slow to 2.1% in 2023 on the back of... Published 07 Jun, 2023 08:04pm
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Markets Saudi output cut unlikely to lift oil prices to high $80s-low $90s, Citi says Top crude exporter Saudi Arabia’s one million barrel per day (bpd) oil output cut is unlikely to underpin a... Published 06 Jun, 2023 01:41pm
Markets OPEC+ begins meetings which may agree further output cuts LONDON: OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of... Published 03 Jun, 2023 03:23pm