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 Global oil market fundamentals sound for rest of 2023 KUALA LUMPUR: Global oil market fundamentals are expected to remain sound for the rest of the year, underpinned by... Published 26 Jun, 2023 09:28am
Markets EU tentatively agrees $60 a barrel price cap on Russian seaborne oil BRUSSELS: European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne... Published 01 Dec, 2022 07:24pm
Markets Global oil market signals short-term weakness ahead of EU ban on Russian oil The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and ... Published 28 Nov, 2022 11:17am
World Venezuela ‘ready’ to supply global oil market: Maduro CARACAS: Venezuelan President Nicolas Maduro said Wednesday his country is “ready” to supply the global oil and gas... Published 15 Sep, 2022 10:54am
Markets OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister JEDDAH: Saudi Arabia’s foreign minister said a US-Arab summit on Saturday did not discuss oil and that OPEC+ would... Published 16 Jul, 2022 08:55pm
Markets IEA says oil market walking tightrope due to economic, supply risks LONDON: The global oil market is “walking a tightrope” between scarce supply and the possibility of a recession, the... Published 13 Jul, 2022 01:27pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points