Oil falls 2pc as OPEC cuts oil demand growth view, China concerns HOUSTON: Oil prices declined about 2% on Monday, wiping out all of last week’s gains, as OPEC’s lowering of its... Updated 15 Oct, 2024 08:43am
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 OPEC rolls out global oil outlook to 2050 LONDON: OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing... Published 25 Sep, 2024 06:48am
Markets Global oil demand growth slows as China slumps: IEA PARIS: Global oil demand grew at its slowest pace since 2020 in the first half of 2024 due to China’s economic... Published 12 Sep, 2024 02:25pm
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
Markets Morgan Stanley cuts 2024 oil demand growth outlook NEW YORK: Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower... Published 24 Aug, 2024 06:23am
Markets Saudi Arabia turns to Kuwait for fuel oil in rare move to meet summer demand SINGAPORE: Saudi Arabia imported fuel oil from Kuwait for the first time in more than two years in July to help meet... Published 26 Jul, 2024 07:35am
Markets IEA sees oil demand growth slowing as China’s share ebbs LONDON: Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the... Published 11 Jul, 2024 02:32pm
Markets More than 20pc of global oil refining capacity at risk LONDON: More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie... Published 31 Mar, 2024 02:53am
Markets Iraq blames foreign firms for delay in crude exports restart from Iraqi Kurdistan region CAIRO: Iraq’s oil ministry said on Monday that foreign companies operating in Iraqi Kurdistan were partly to blame... Published 25 Mar, 2024 10:33am
Markets Oil falls over demand concerns after US inventory build TOKYO: Oil prices fell on Thursday as concerns over low demand following a surprise US crude inventory build... Updated 21 Dec, 2023 01:04pm
Print Brent lurks near $80 as Red Sea tensions spur jitters LONDON: Global oil benchmark Brent hovered near $80 a barrel on Wednesday amid jitters over global trade disruption... Published 21 Dec, 2023 03:54am
Markets Oil perks up after sharp week-long selloff on supply, demand concerns LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after... Published 18 Nov, 2023 06:03am
Markets Oil falls more than 3pc as concerns about Mideast supply ease HOUSTON: Oil slipped more than 3% on Monday as fears eased that the Israel-Hamas war would disrupt supply from the... Published 31 Oct, 2023 05:26am
World Peak in oil demand ‘in sight’ before end of decade: IEA PARIS: Global oil demand could peak before the end of this decade as the energy crisis has accelerated the... Published 14 Jun, 2023 01:43pm
Markets OPEC holds global oil demand view steady, cites US debt ceiling risks LONDON: OPEC’s global oil demand forecast for 2023 was held steady for a third month on Thursday, with the ... Published 12 May, 2023 05:59am
Markets Russia’s oil exports rose but revenue fell ahead of price cap: IEA LONDON: Global oil demand growth will slow next year but will still be at a robust 1.7% as China recovers from... Published 14 Dec, 2022 05:10pm
World India seeks to use global energy challenge as opportunity, says minister NEW DELHI: India, the world's third biggest oil import, hopes to convert the current global oil challenges from the... Published 24 Nov, 2022 11:35pm
Markets Saudi crude exports surge to 29-month high in September BENGALURU: Saudi Arabia’s crude oil exports rose for a fourth straight month in September to the highest in 29... Published 18 Nov, 2022 05:53am
Markets OPEC+ supply shortfall now stands at 3.5pc of global oil demand LONDON: OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global... Published 21 Sep, 2022 05:57am
Markets Oil demand to return to pre-Covid level in 2023: IEA PARIS: Global oil demand will return to pre-pandemic levels next year as China’s consumption recovers from Covid... Published 15 Jun, 2022 03:27pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points