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
Markets Oil prices stabilise after hefty losses NEW YORK: Oil prices steadied on Thursday after the previous day’s price drop on worries about a possible ... Published 28 Apr, 2023 06:08am
Markets Oil steady after shock OPEC+ output cuts HOUSTON: Oil held steady in choppy trading on Thursday and was on track for a third weekly gain as markets weighed... Published 07 Apr, 2023 06:06am
Markets Oil up 1pc despite crude build, as dollar weakens NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday despite a surprise weekly build in US crude... Published 23 Mar, 2023 05:47am
Markets Oil largely steady as rising supplies face Chinese demand hopes NEW YORK: Oil were largely unchanged on Wednesday as signs of ample supply, including growing US crude inventories,... Published 02 Mar, 2023 06:23am
Markets Gasoil, jet fuel margins fall on weak fundamentals SINGAPORE: Asia’s 10 ppm sulphur gasoil and jet fuel margins fell for the second consecutive month as persistently... Published 01 Mar, 2023 06:21am
Markets Oil prices fall 1pc as US crude inventories swell NEW YORK: Oil prices fell about 1 percent on Thursday as US crude inventories swelled to their highest in months,... Published 10 Feb, 2023 03:56am
Markets Oil prices settle lower on Russia supply outlook NEW YORK: Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong... Published 30 Jan, 2023 05:56am
Markets Gasoil cash premiums down despite some demand SINGAPORE: Asia’s 10 ppm sulphur gasoil cash premiums fell on cautious trading sentiment, despite a bout of strong... Published 27 Jan, 2023 06:15am
Capacity-based model transition to take-and-pay model: 24 conditions proposed to strike new deals between govt, IPPs