Scrambling to save energy, Tehran turns off highway lights TEHRAN: Iranian authorities have turned off lights illuminating Tehran’s highways, an official has told state media,... Published 18 Dec, 2024 02:15pm
Markets Oil prices rise as US production slowly resumes after hurricane Brent crude futures were up $1.16 cents, or 1.6%, at $73.13 a barrel Updated 13 Sep, 2024 08:28pm
Markets Oil prices fall as demand concerns offset Libya supply risks Oil prices fell by around 1% on Wednesday due to persistent concerns over Chinese demand and elevated risks of a... Updated 28 Aug, 2024 07:02pm
Markets Oil prices rebound from multi-month lows on Mideast tensions LONDON: Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the... Updated 07 Aug, 2024 07:43pm
Markets Oil edges higher as US data offsets impact of Fed rate-cut outlook NEW YORK: Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel... Updated 13 Jun, 2024 11:31pm
Markets Oil little changed as surprise crude stock build caps gains HOUSTON: Oil prices were broadly steady on Wednesday after three key forecasters predicted that global oil... Updated 12 Jun, 2024 09:45pm
Markets Oil prices steady before stocks and inflation data, OPEC+ meeting LONDON: Oil prices were broadly steady on Thursday, ahead of U.S. crude oil stockpiles data, inflation data and an... Updated 30 May, 2024 05:28pm
Markets Gasoline demand growth to slow this year on EV growth in China, US NEW DELHI: Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said,... Published 06 May, 2024 11:51am
Markets Oil rises on Russian refinery attacks, signs of strong demand LONDON: Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian... Updated 13 Mar, 2024 05:32pm
Markets Oil rises on softer dollar, shipping attack LONDON: Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near... Updated 22 Feb, 2024 04:56pm
Markets Oil demand growth slowing as non-OPEC supply expands, says IEA LONDON: Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it... Updated 15 Feb, 2024 05:27pm
Markets Oil holds firm on OPEC demand forecast and U.S. fuel stocks LONDON: Oil prices edged higher on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from... Updated 14 Feb, 2024 08:54pm
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil perks up as Red Sea tensions spark investor jitters LONDON: Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and... Updated 20 Dec, 2023 05:11pm
Markets Oil rises on weaker dollar, IEA demand upgrade LONDON: Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the... Updated 14 Dec, 2023 05:25pm
Markets Oil prices fall amid skepticism on OPEC+ supply cuts Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to... Updated 30 Nov, 2023 10:30pm
Markets Higher gasoline prices seen boosting US inflation in August WASHINGTON: US consumer prices likely increased by the most in 14 months in August amid a surge in the cost of... Published 13 Sep, 2023 10:36am
Markets Oil falls as concerns about China outweigh extended cuts LONDON: Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter... Updated 07 Sep, 2023 07:36pm
Markets Oil steadies as China woes persist LONDON: Oil prices were little changed on Tuesday as investors remained focused on the likelihood of China’s... Updated 22 Aug, 2023 06:44pm
Markets Oil hits new highs as tighter supply offsets China demand concern LONDON: Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing to... Updated 09 Aug, 2023 04:40pm
Markets Oil climbs, fuelled by tighter supplies, China stimulus LONDON: Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in... Updated 21 Jul, 2023 05:02pm
Markets Oil stuck between supply strains and economic doubt LONDON: Oil prices were little changed on Wednesday in a market caught between expectations supply cuts by the... Updated 12 Jul, 2023 05:55pm
Markets Oil stable ahead of key US inflation data, set for monthly drop LONDON: Oil prices were stable on Friday ahead of key US inflation data which could give clues on future interest... Updated 31 Mar, 2023 05:12pm
Markets Oil edges higher as markets debate supply tightness HOUSTON: Oil edged slightly higher on Wednesday as worries of tight supply after an unexpected draw in U.S. oil... Updated 29 Mar, 2023 09:31pm
Markets US natgas hits 13-year high again on small storage build, output drop NEW YORK: US natural gas futures jumped about 3% to a fresh 13-year high on Thursday on a smaller than expected... Published 27 May, 2022 05:50am
Markets Oil rises on EU’s Russian oil ban effort, demand hopes LONDON: Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on... Updated 17 May, 2022 01:43pm
Markets Permian oil output forecast to hit record high in June NEW YORK: Oil output in the Permian in Texas and New Mexico, the biggest US shale oil basin, is due to rise 88,000... Published 17 May, 2022 06:29am
Markets Energy conference kicks off as Ukraine conflict leaves oil market in turmoil The world's biggest gathering of energy industry leaders kicks off in Houston Monday, as Russia's invasion of ... Published 07 Mar, 2022 01:39pm
Markets US natgas soars on contract expiration on scant volume NEW YORK: US natural gas futures soared over 60% in the last half hour of trading on Thursday, in a late flurry of... Published 29 Jan, 2022 06:05am
Markets US natgas slips on rising output, drop in European gas NEW YORK: US natural gas futures fell more than 3% on Thursday as output continues to rise and the US market ... Published 01 Jan, 2022 04:07am
Sanctions on Pakistan’s missile program not meant to ‘color other areas of cooperation’: US State Dept
Sanctions on Pakistan’s missile program not meant to ‘color other areas of cooperation’: US State Dept