Oil slips as investors digest US election fallout LONDON: Oil slipped on Thursday, extending a sell-off triggered by the U.S. presidential election, as a strong... Updated 07 Nov, 2024 07:06pm
Markets Oil falls as Trump victory pushes dollar higher Oil prices fell about 3% on Wednesday as the U.S. dollar was set for its biggest one-day rise since March 2020 on... Updated 06 Nov, 2024 08:49pm
Markets Oil trades in tight range ahead of US election result LONDON: Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S.... Updated 05 Nov, 2024 06:35pm
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 Asian stocks defy Wall St selloff, charged by dogged China optimism SINGAPORE: Asian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over... Published 26 Sep, 2024 10:05am
Markets Oil prices dip HOUSTON: Oil prices eased more than $1 on Monday as disappointing euro zone business activity added to worries about... Published 24 Sep, 2024 03:28am
Markets Oil ends week higher as investors take stock of Fed rate cuts HOUSTON: Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a ... Published 22 Sep, 2024 02:47am
Markets Oil prices settle down NEW YORK: Oil prices settled 2% lower on Friday, with a big weekly loss after data US jobs data was weaker than... Published 08 Sep, 2024 02:42am
Business & Finance Oil settles 2pc higher on falling US crude stockpiles NEW YORK: Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a... Published 08 Aug, 2024 06:22am
Markets Asian stocks sit tight, yen firms as BOJ beckons SINGAPORE: Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether... Published 31 Jul, 2024 09:43am
Markets Oil prices rise as US fuel stocks decline HOUSTON: Oil prices rose on Wednesday, supported by large draws in US crude and fuel stocks, but were still close to... Published 25 Jul, 2024 06:35am
Markets Oil prices higher NEW YORK: Oil prices edged up on Monday on the prospect of strong summer fuel demand and rising geopolitical ... Published 25 Jun, 2024 06:42am
Markets Shell earns $1 billion a year from US crude trading, court filing shows HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held... Published 29 Apr, 2024 12:50pm
Markets US crude futures climb back into positive territory HOUSTON: US crude futures returned to positive territory on Monday after falling on easing fears of a wider Mideast... Published 23 Apr, 2024 03:41am
Markets Indian refiners buy more US crude as Russia sanctions tighten HOUSTON: More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more ... Published 27 Mar, 2024 04:38am
Markets Oil prices rise as revised IEA forecasts suggest tighter market LONDON: Oil prices rose on Thursday as investors digested the International Energy Agency’s (IEA) latest oil market... Updated 14 Mar, 2024 09:19pm
Markets Oil prices up 2pc to 4-month high NEW YORK: Oil prices rose about 2% to a four-month high on Wednesday on a surprise withdrawal in US crude... Published 14 Mar, 2024 03:00am
Markets Saudi Aramco starts trading US crude that helps set Brent oil benchmark LONDON: Saudi state oil company Aramco has started trading a US crude oil grade that underpins the global Brent... Published 13 Feb, 2024 06:06pm
World Oil tankers continue Red Sea movements despite Houthi attacks HOUSTON: Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have... Updated 09 Jan, 2024 09:02pm
Print OPEC+ cartel’s grip on oil market loosening: IEA PARIS: Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to... Updated 15 Dec, 2023 09:22am
Markets Brent, US crude futures climb as OPEC cuts likely HOUSTON: Brent and US crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in... Published 21 Nov, 2023 06:01am
Markets Asian stocks slump to 11-month lows as higher-for-longer rate fears persist HONG KONG: Asian stocks slid to 11-month lows on Wednesday, US futures dropped and the dollar surged as Treasury... Published 26 Oct, 2023 10:49am
Markets Oil prices rise on expectations NEW YORK: Oil prices rose on Thursday on expectations that US interest rates had peaked, but gains were capped by a... Published 13 Oct, 2023 05:50am
Markets Russia remains China’s top crude supplier in July despite narrower discounts BEIJING: Russia remained China’s largest crude supplier in July, Chinese government data showed on Sunday, even as... Published 20 Aug, 2023 11:09am
Markets US crude stockpiles fall even as output hits 2020 high: EIA NEW YORK: U.S. crude oil inventories fell last week as oil refiners increased run rates and exports surged, while... Published 16 Aug, 2023 09:30pm
Markets Oil prices fall despite record US crude stock drawdown NEW YORK: Oil prices fell on Wednesday after sharp gains despite a historic drop in US crude stocks, as traders... Published 03 Aug, 2023 05:54am
Markets US crude inventories fall more than expected: EIA HOUSTON: US crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration... Published 07 Jul, 2023 05:24am
Markets Oil rises on debt ceiling, demand optimism NEW YORK: Oil prices rose 2% on Wednesday as optimism on oil demand and US debt ceiling negotiations outweighed... Published 18 May, 2023 06:10am
Markets Oil falls 2pc on surprise jump in US crude inventories BENGALURU: Oil prices fell more than a dollar a barrel on Wednesday, ending a three-day rally as an unexpected jump... Published 11 May, 2023 05:54am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points