Gulf nations to remain major oil suppliers to India for a ‘long time’, minister says BENGALURU: India, the world’s third-biggest oil importer and consumer, has diversified its sources of energy imports... Published 08 Feb, 2023 03:06pm
Markets OPEC secretary general invites India to take part in next OPEC+ meeting BENGALURU: OPEC Secretary General Haitham Al Ghais has invited India to be a part of the next OPEC+ meeting, the... Published 08 Feb, 2023 01:42pm
World UAE’s non-oil foreign trade jumps 17% in 2022 ABU DHABI: The United Arab Emirates’ foreign trade hit 2.2 trillion dirhams ($599 billion) in 2022, up 17%... Published 06 Feb, 2023 08:33pm
Markets OPEC+ should get ‘due recognition’ for constructive role BENGALURU: OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October... Published 06 Feb, 2023 11:50am
Markets Oil dives $3 after US reports increase in fuel stocks NEW YORK: Oil prices slid $3 a barrel on Wednesday after US government data showed big builds in crude oil, gasoline... Published 02 Feb, 2023 06:12am
Markets OPEC+ seen sticking with oil output policy, delegates say LONDON/DUBAI: An OPEC+ panel is likely to recommend sticking with the oil producer group’s output policy when it... Published 01 Feb, 2023 04:18pm
Markets Oil nears 3-week low then steadies on higher US demand BENGALURU: Oil prices were steady on Tuesday after dropping close to a three-week low, drawing support from a... Published 01 Feb, 2023 07:21am
Markets OPEC oil output falls in January led by Iraq LONDON: OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian... Published 31 Jan, 2023 07:44pm
Markets OPEC+ seen sticking with oil output policy at Feb. 1 meeting An OPEC+ panel is likely to recommend keeping the oil producer group’s current output policy unchanged when it meets... Published 30 Jan, 2023 08:44pm
Markets Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability MOSCOW: Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed Bin Salman on Monday to... Published 30 Jan, 2023 08:39pm
Markets Oil edges up after less-than-expected US inventories rise BENGALURU: Oil prices were up slightly in light volumes on Wednesday after government data showed a... Published 26 Jan, 2023 05:58am
Markets Gulf markets rise on China demand optimism DUBAI: Gulf stock markets closed higher on Tuesday on expectations of economic recovery in the world’s second... Published 25 Jan, 2023 06:25am
Business & Finance OPEC+ panel unlikely to tweak oil policy LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next ... Published 25 Jan, 2023 06:25am
Markets OPEC+ panel unlikely to tweak oil policy at Feb. 1 meeting, sources say LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week,... Published 24 Jan, 2023 05:45pm
Markets Oil up more than 1pc, on track for second week of gains NEW YORK: Oil rose by about $1 a barrel on Friday and headed for a second straight weekly gain, spurred largely by... Published 23 Jan, 2023 08:05am
Markets Davos 2023: Big oil comes in from the cold on energy transition DAVOS: A different type of energy transition has taken place at this year’s World Economic Forum (WEF)... Published 20 Jan, 2023 06:34pm
Markets Oil heads for second week of gains on China demand outlook LONDON: Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening... Updated 20 Jan, 2023 08:38pm
Markets Gasoil margins fall on cautious sentiment amid firm oil SINGAPORE: Asia’s 10-ppm sulphur gasoil margins extended losses on cautious trading sentiment amid firmer oil... Published 19 Jan, 2023 05:58am
World Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy DAVOS: Saudi Arabia’s ambassador to the United States said on Wednesday that maintaining the long-standing strategic... Published 18 Jan, 2023 05:25pm
Markets Oil prices hit two-week highs NEW YORK: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating... Published 18 Jan, 2023 06:22am
Markets India’s Russian oil binge drags down OPEC’s share to lowest in 2022 NEW DELHI: Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases,... Published 17 Jan, 2023 09:32pm
Markets OPEC says Chinese oil demand to rebound in 2023 after drop LONDON: OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19... Published 17 Jan, 2023 07:48pm
Markets Oil prices hit two-week highs on hopes of China demand rebound LONDON: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating... Updated 17 Jan, 2023 08:08pm
Markets Oil still in sight of recent highs on Chinese demand recovery hopes NEW YORK: Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions ... Published 17 Jan, 2023 06:02am
Markets UAE energy minister: OPEC+ faces oil market volatility in both supply and demand CAIRO: OPEC+ is facing “volatile prospects” in oil markets both in supply and demand, UAE energy minister Suhail... Published 14 Jan, 2023 08:27pm
Markets OPEC oil output rises despite production target cuts LONDON: OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the wider... Published 04 Jan, 2023 08:44pm
BR Research 2022 and oil – a turbulent affair The volatility seen in oil prices in 2022 was phenomenal. From climbing to a record high in fourteen years hitting... Published 02 Jan, 2023 09:33am
Markets Oil falls over 3%, still set for weekly gain on demand hopes LONDON: Oil fell over 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks,... Updated 16 Dec, 2022 07:56pm
Markets Oil prices rise by $2 amid forecasts for 2023 demand uptick LONDON: Oil prices rose more than $2 on Wednesday after OPEC and the International Energy Agency (IEA) both forecast... Published 15 Dec, 2022 06:00am
Business & Finance OPEC sticks to 2022, 2023 oil demand growth forecasts, after downgrades LONDON: OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several... Published 13 Dec, 2022 07:18pm