Oil climbs 2% as price drop triggers buying; oversupply worries weigh LONDON: Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a... Updated 06 May, 2025 05:33pm
Markets Brazil’s Petrobras lowers diesel prices for third time this year SAO PAULO: Brazilian state-run oil company Petrobras will reduce the price of diesel sold to distributors by an... Published 05 May, 2025 08:18pm
Markets Saudi Arabia raises Arab Light June OSP for Asia Saudi Arabia, the world’s top oil exporter, increased its prices for Asian buyers despite crude prices falling on... Published 05 May, 2025 05:24pm
Markets Oil steady after drop on US economic contraction, possible Saudi supply rise NEW DELHI: Oil prices steadied on Thursday a day after a steep decline triggered by signs that Saudi Arabia, the... Published 01 May, 2025 01:51pm
Markets Falling oil prices poised for biggest monthly decline since 2021 Brent crude futures were down $1.16, or 1.81%, at $63.09 a barrel Updated 30 Apr, 2025 11:04pm
Business & Finance Oil prices fall 2pc to 2-week low NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and... Published 30 Apr, 2025 05:57am
Markets Oil slides on Chinese stimulus plan disappointment HOUSTON: Oil prices fell by more than $2 a barrel on Monday after China’s stimulus plan disappointed investors... Updated 11 Nov, 2024 09:39pm
Markets Oil falls over 2pc NEW YORK: Oil prices fell more than 2 percent on Friday as traders grew less fearful of prolonged supply disruptions... Published 09 Nov, 2024 06:36am
Markets 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 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 gains over 2% after OPEC+ delays output hike, US election in focus Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while... Updated 04 Nov, 2024 06:43pm
Markets Oil prices climb as US reserve bid lends support Oil prices rose on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic... Updated 29 Oct, 2024 04:51pm
Markets Oil slides 5% after limited Israeli retaliatory attack on Iran Brent futures down $4.13, or 5.43%, at $71.92 a barrel Updated 28 Oct, 2024 08:16pm
Markets Oil set for 3% weekly gain, investors weigh Middle East risk HOUSTON: Oil prices were on track to gain around 3% on the week as Friday’s prices ticked up, with investors taking... Updated 25 Oct, 2024 09:43pm
Markets Oil prices broadly stable with uncertainty around Middle East and US election LONDON: Oil prices were broadly stable on Thursday as uncertainty around conflict in the Middle East and reports of... Updated 24 Oct, 2024 07:26pm
Markets Oil slips 1% on large build in US crude stocks; market watches Middle East NEW YORK: Oil prices fell on Wednesday after data showed U.s. crude inventories rose by more than expected even as... Updated 23 Oct, 2024 09:39pm
Markets Oil rises as Middle East war rages NEW YORK: Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle ... Updated 23 Oct, 2024 07:59am
Markets Oil rises as Middle East war rages, traders focus on falling inventories NEW YORK: Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle... Updated 22 Oct, 2024 09:54pm
Markets Malaysia’s crude oil supplies to China continue to surge in September BEIJING/SINGAPORE: China’s crude oil imports from Malaysia, its third-largest supplier, rose 17.5% in September from... Published 20 Oct, 2024 09:58am
Markets Oil prices fall, on track for 8% weekly decline on China demand woes HOUSTON: Oil futures fell on Friday and were on track for a weekly drop of 8% after data showed China’s economic... Updated 18 Oct, 2024 08:53pm
Markets Saudi Arabia’s crude oil exports in August hit one-year low Saudi Arabia’s crude oil exports in August fell to their lowest level in a year, data from the Joint Organizations... Published 17 Oct, 2024 03:27pm
Markets Oil prices edge lower, US crude stockpiles fall NEW YORK: Oil prices were down slightly on Thursday as investors waited on developments in the Middle East, while... Updated 17 Oct, 2024 10:02pm
Markets Oil prices hold near 2-week low on lower oil demand growth forecasts NEW YORK: Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on... Updated 16 Oct, 2024 09:47pm
Markets Oil prices plunge 4pc HOUSTON: Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after ... Published 16 Oct, 2024 06:58am
Markets Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens HOUSTON: Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after... Updated 15 Oct, 2024 09:30pm
Markets Oil falls 2% as OPEC cuts oil demand growth view, China concerns HOUSTON: Oil prices declined about 2% on Monday, wiping out all of last week’s gains, as OPEC’s lowering of its 2024... Updated 14 Oct, 2024 08:35pm
Markets Oil settles down HOUSTON: Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such... Published 12 Oct, 2024 06:17am
Markets Oil rises 3pc as ME war risk makes investors cautious NEW YORK: Oil prices rose more than 3% on Monday, with Brent surpassing $80 per barrel for the first time since... Published 08 Oct, 2024 06:57am
Markets Oil gains nearly 4% on supply concerns as Middle East conflict intensifies Brent crude futures were up $2.82, or 3.82%, at $76.72 a barrel Updated 03 Oct, 2024 09:54pm
Markets ME conflict lifts oil prices NEW YORK: Oil prices edged up on Wednesday on worries that the escalating conflict in the Middle East could threaten... Published 03 Oct, 2024 06:31am
Operation ‘Bunyan ul Marsoos’: Pakistan destroys Udhampur airbase, Pathankot airfield in India, state media reports
Operation ‘Bunyan ul Marsoos’: Pakistan destroys Udhampur airbase, Pathankot airfield in India, state media reports