Oil up 2% after Russia-Ukraine missile exchange, outweighing US crude stock rises LONDON: Oil prices climbed more than 2% on Thursday as Russia and Ukraine launched missiles at each other,... Updated 21 Nov, 2024 07:19pm
Markets Oil steadies as Sverdrup field restart counters geopolitical concerns LONDON: Oil prices steadied on Tuesday as the restart of production at Norway’s Johan Sverdrup oilfield offset... Updated 19 Nov, 2024 08:11pm
Markets Asia shares wobble on China angst; long-end US bond yields rise with dollar SINGAPORE: Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated US bond yields rose... Published 14 Nov, 2024 10:16am
Markets Oil prices broadly flat after falling on dollar surge LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a... Updated 14 Nov, 2024 07:47pm
Markets Oil prices hold near 2-week low on gloomy demand outlook Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil... Updated 13 Nov, 2024 04:37pm
Markets Oil prices steady ahead of OPEC report, China stimulus limit gains Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while... Updated 12 Nov, 2024 04:57pm
Markets Kuwait lowers December crude prices for Asia, document shows SINGAPORE: Kuwait has lowered the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in December to... Published 11 Nov, 2024 11:45am
Markets Oil prices fall more than 1% as Hurricane Rafael risk recedes LONDON: Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas... Updated 08 Nov, 2024 05:09pm
Markets Oil gains over 2% after OPEC+ delays output hike, US election in focus Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while... Updated 04 Nov, 2024 06:43pm
Markets Oil prices rise 1% on reports Iran preparing strike on Israel NEW YORK: Oil prices rose about 1% on Friday to a one-week high on reports Iran was preparing a retaliatory strike... Updated 01 Nov, 2024 09:07pm
Markets Oil prices rise 1% after boost from US fuel demand LONDON: Oil prices gained 1% on Thursday after rallying the previous day on stronger than expected U.S. fuel demand... Updated 31 Oct, 2024 06:54pm
Markets Oil rises 2% as US stockpiles drawdown, OPEC+ mulls output hike delay NEW YORK: Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline... Updated 30 Oct, 2024 09:39pm
Markets Oil prices climb as US reserve bid lends support Oil prices rose on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic... Updated 29 Oct, 2024 04:51pm
Markets Oil on track for weekly climb on potential Mideast supply disruption Brent crude oil futures down 20 cents, or 0.25%, at $79.20 a barrel Updated 11 Oct, 2024 09:17pm
Markets Crude prices fall on possible ceasefire in Lebanon Brent crude futures were down $3.70, or 4.57%, to $77.23 a barrel Updated 08 Oct, 2024 10:07pm
Markets Oil rises 3% as Middle East war makes investors end bearish bets NEW YORK: Oil prices rose more than 3% on Monday, with Brent surpassing $80 per barrel for the first time since... Updated 07 Oct, 2024 10:10pm
Markets Oil set for biggest weekly gains in two years on Middle East war risk NEW YORK: Oil prices rose for a fourth consecutive session on Friday as investors braced for a potential Israeli... Updated 04 Oct, 2024 11:35pm
Markets Oil prices up 1% on Middle East tensions; US crude stocks build limits gains Brent futures up 84 cents, or 1.14%, to $74.40 per barrel Updated 02 Oct, 2024 09:32pm
Markets Oil prices jump 4% on reports Iran preparing to attack Israel Oil prices jumped about 4% on Tuesday following reports Iran was preparing to launch a missile attack on Israel.... Updated 01 Oct, 2024 09:36pm
Markets Oil prices rise on Middle East conflict, but set for monthly loss NEW YORK/LONDON: Oil prices rose on Monday on fears of a widening conflict in the Middle East curtailing Iranian... Updated 30 Sep, 2024 09:46pm
Markets Oil steady but on track for weekly drop on firmer supply outlook LONDON: Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations... Updated 27 Sep, 2024 05:33pm
Markets Oil prices slide 3% on prospect of more OPEC+ oil HOUSTON: Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world’s top... Updated 26 Sep, 2024 09:02pm
Markets Oil falls despite China’s stimulus plan; US crude stocks draw limits losses NEW YORK: Oil prices edged lower on Wednesday as investors reassessed whether China’s latest stimulus plans will be... Updated 25 Sep, 2024 09:23pm
Markets Oil prices climb 2% on China stimulus, Middle East conflict Oil prices climbed about 2% to a three-week high on Tuesday on news of monetary stimulus from China, the world’s top... Updated 24 Sep, 2024 09:09pm
Markets Oil prices fall on demand concerns, Brent below $70, near 3-year low Brent crude futures down $2.33, or 3.24%, at $69.51 a barrel Updated 10 Sep, 2024 09:16pm
Markets Oil extends losses on weak China data and expected OPEC+ supply boost Oil prices extended losses from the end of last week on expectations of higher OPEC+ production from October while... Updated 02 Sep, 2024 06:24pm
Markets Oil gains as Libyan supply woes counter modest US stock draw Oil prices edged higher on Thursday, after two losing sessions, as concerns over Libyan supplies helped offset a... Updated 29 Aug, 2024 09:16pm
Markets Oil climbs 3pc as Libya output cuts further supply concerns HOUSTON: Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from... Published 27 Aug, 2024 06:44am
Markets Oil up 2% on Libya shutdowns, Mideast escalation fears LONDON: Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on... Updated 26 Aug, 2024 05:17pm
Markets Oil climbs $2/barrel HOUSTON: US light crude oil gained more than $2 a barrel on Friday after comments by US Federal Reserve Chair Jerome... Published 24 Aug, 2024 06:23am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points