OPEC+ considers delay to April oil supply increases Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April... Published 17 Feb, 2025 04:17pm
Markets OPEC sticks to 2025, 2026 global oil demand growth forecasts LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying... Published 12 Feb, 2025 07:16pm
Markets Russia says it fully complied with OPEC+ oil deal in January MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so... Published 12 Feb, 2025 05:07pm
Business & Finance US sanctions strand Iran, Russia oil on tankers, driving up crude costs SINGAPORE: The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions... Published 12 Feb, 2025 04:14pm
Business & Finance Chevron struggles to replace oil, gas reserves amid Hess deal limbo HOUSTON: Chevron’s oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the... Published 11 Feb, 2025 04:38pm
Markets OPEC takes long-term view of global oil markets, aims for stability NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at... Published 11 Feb, 2025 04:28pm
Markets Oil eases on US fuel demand concerns HOUSTON: Oil prices edged down on Thursday after slower economic growth in the first quarter added to concerns of... Updated 25 Apr, 2024 09:13pm
Markets Oil prices fall as US business activity cools, concerns over Middle East ease NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and... Updated 24 Apr, 2024 09:31pm
Markets Oil falls back after robust EU data as Mideast tensions linger Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market... Updated 23 Apr, 2024 08:23pm
Markets US crude futures climb back into positive territory HOUSTON: U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider... Updated 22 Apr, 2024 09:07pm
Markets Guyana rules out offering crude oil export discounts to India HOUSTON/NEW DELHI: South America’s fastest growing oil producer has turned down the Indian government’s request for... Published 21 Apr, 2023 09:59pm
Business & Finance Russia shifts to Dubai benchmark in Indian oil deal NEW DELHI: Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp agreed to use the... Published 04 Apr, 2023 03:24am
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
Business & Finance Tullow Oil ups 2022 free cash flow outlook, Ghana tax looms LONDON: West Africa-focused oil producer Tullow Oil on Wednesday raised its 2022 free cash flow guidance to $267... Published 25 Jan, 2023 07:26pm
Markets UAE and US to spur $100bn in clean energy projects ABU DHABI: The United Arab Emirates and the United States have signed a partnership to spur $100 billion of... Updated 01 Nov, 2022 11:19pm
Markets Asia, Middle East ramp up diesel exports to Europe in October SINGAPORE/LONDON: Oil traders are ramping up diesel exports from Asia and the Middle East to Europe in October to... Published 19 Oct, 2022 05:23pm
World Kuwait’s new government sworn in after reshuffle aimed at defusing tensions Kuwait’s crown prince swore in the new government on Monday, state news agency KUNA reported, following a reshuffle... Published 17 Oct, 2022 04:48pm
World Sheikh Mohammed bin Zayed elected UAE president DUBAI: The United Arab Emirates’ leader Sheikh Mohammed bin Zayed al-Nahyan was elected president of the Gulf Arab... Published 14 May, 2022 03:04pm
Markets Saudi Arabia lowers Arab Light oil price to Asia, Europe in June JEDDAH: Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June,... Published 09 May, 2022 05:39am
Markets Exxon earnings hurt by Russia exit, triples buybacks on high oil prices Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall... Published 29 Apr, 2022 08:49pm
Markets Oil falls towards $125 as investors weigh US import ban LONDON: Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the US ban of... Updated 09 Mar, 2022 06:07pm
Markets Oil rises on falling US stockpiles but Iran talks weigh LONDON: Oil prices rose on Thursday after rallying on an unexpected drop in US crude inventories in the previous... Published 10 Feb, 2022 07:08pm
Markets Oil down on Omicron restrictions and China fears LONDON: Oil prices fell on Thursday after measures by some governments to slow the spread of the Omicron coronavirus... Published 09 Dec, 2021 07:48pm
Markets Oil climbs $2 on easing Omicron fears and Iran delay LONDON: Oil prices rose $2 on Tuesday, extending the previous day's almost 5% rebound, as concerns over the impact ... Published 07 Dec, 2021 05:31pm
Markets Oil rebounds towards $72 on Omicron hopes, Iran talks LONDON: Oil climbed by $2 a barrel towards $72 on Monday on hopes the Omicron coronavirus variant would have a less... Published 06 Dec, 2021 06:44pm
Markets Oil rises as OPEC+ poised to act if demand weakens LONDON: Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy... Updated 03 Dec, 2021 04:20pm
Markets Oil rises 2% to one-week high after US taps emergency reserves NEW YORK: Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations... Updated 23 Nov, 2021 09:53pm
Markets Oil steadies near $80 after US taps emergency reserves LONDON: Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50... Published 23 Nov, 2021 06:21pm
Markets US to release oil from reserves after OPEC+ rebuffs call for more crude WASHINGTON: The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in ... Published 23 Nov, 2021 05:48pm
Markets India to release 5mn bbls oil from strategic reserves in coordination with other buyers NEW DELHI: India will release 5 million barrels of oil from its strategic reserves in coordination with other buyers... Published 23 Nov, 2021 05:46pm
