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Business & Economy Published 20 Jan, 2024 10:55pm

Oil market braces for impact as Red Sea crisis continues

Taking alternate routes for supply of fuel

Business & Economy Published 19 Jan, 2024 04:37pm

Oil prices tick up as markets weigh Middle East tensions, supply forecasts

North Dakota oil output remains 40% lower due to cold weather

Business & Economy Published 16 Jan, 2024 04:54pm

Oil prices increase as Middle East tensions rise

Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT

Business & Economy Published 15 Jan, 2024 05:12pm

Oil slips despite Middle East conflict

Conflict has also held up at least four liquefied natural gas tankers travelling in the area

Business & Economy Published 08 Jan, 2024 04:31pm

Oil slides as Saudi price cuts counter Middle East worries

Saudi Aramco cuts price for key crude grade to Asia

Business & Economy Published 05 Jan, 2024 05:04pm

Oil prices rise on Middle East tensions

Euro zone inflation rose in December

Business & Economy Published 03 Jan, 2024 12:16am

Crude oil prices may remain low in early 2024, say analysts

Rates stayed low in November, December due to weaker global economy

Business & Economy Updated 28 Dec, 2023 01:12pm

Oil prices stabilise as Red Sea transport disruptions ease

Some major shippers return to Red Sea routes

Business & Economy Published 28 Nov, 2023 05:47pm

Oil rises, Brent tops $80 ahead of OPEC+ meeting

OPEC+ meets on Thursday to set policy

Business & Economy Published 17 Aug, 2023 08:46am

Oil prices wobble on jitters over China economy, US rates path

Brent crude futures were up 8 cents, or 0.1%, at $83.53 a barrel

Business & Economy Published 29 May, 2023 09:28am

Oil rises after US leaders strike provisional debt deal

Brent crude futures climbed 66 cents, or 0.9%, to $77.61 a barrel

Business & Economy Published 26 May, 2023 08:42am

Oil falls on conflicting OPEC+, Russia messages amid stronger dollar

Crude prices are weakening as king dollar returns, says senior market analyst

Business & Economy Published 26 May, 2023 08:24am

Oil steady as markets await clarity on OPEC’s next policy move

Brent crude slipped 4 cents to $76.22 a barrel

Business & Economy Published 22 May, 2023 08:30am

Oil slips as US debt caution offset supply concerns

Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel

Business & Economy Published 19 May, 2023 08:49am

Oil prices fall on strong dollar, sticky inflation

Brent futures were down 2 cents at $75.84 a barrel

Business & Economy Updated 05 May, 2023 01:15pm

Oil rises but stays on track for third weekly decline

It has been a double whammy for oil prices, says market strategist Jun Rong Yeap

Business & Economy Published 28 Apr, 2023 05:39pm

Oil heads for another monthly decline as weak US data weighs

Brent crude futures for June were up 42 cents, or 0.5 per cent, at $78.79 a barrel

Business & Economy Published 10 Jan, 2023 02:08pm

Oil steady as clarity on Fed rate hike awaited

Fed policymakers say fresh inflation data will help them decide whether they can slow pace of interest rate hikes

Business & Economy Updated 09 Jan, 2023 02:29pm

Oil rises on demand optimism as China borders reopen

China reopens borders in final farewell to zero-Covid; Hopes of slower US interest rate hikes boost risk sentiment

Business & Economy Published 05 Jan, 2023 04:03pm

Oil rebounds after biggest drop in decades at start of year

Big declines in the previous two days were driven by worries about a global recession

Business & Economy Published 27 Dec, 2022 09:40am

Oil prices climb on easing China Covid curbs, concerns over US storm impact

Brent crude was up 88 cents, or 1.1 per cent, at $84.80 a barrel

Business & Economy Published 19 Dec, 2022 01:18pm

Oil climbs on optimism over China’s demand recovery

Brent crude futures rose 72 cents, or 0.9 per cent, to $79.76 a barrel

Business & Economy Updated 16 Dec, 2022 02:46pm

Govt slashes petrol prices by Rs10 per litre

Petrol will now be available at Rs214.80

Business & Economy Published 07 Dec, 2022 03:37pm

Oil falls close to 2022 lows on economic worries, easing supply fears

Investors wary over recession warnings, rate hikes outlook

Business & Economy Published 04 Nov, 2022 12:46pm

Oil climbs as dollar slips, but demand fears keep a lid on gains

'We are not at levels that will encourage oil bulls to admit defeat just yet,' says analyst

World Published 26 Oct, 2022 12:51pm

Oil dips on US crude stock build, supply worries limit losses

Brent crude futures for December fell 72 cents, or 0.8 per cent, to $92.80 a barrel

Business & Economy Published 19 Oct, 2022 09:34am

Oil prices rise on supply woes

US crude stocks fall 1.3m bbls last week, shows API data

Business & Economy Published 05 Oct, 2022 11:57pm

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

Saudi says West's criticism driven by wealth arrogance

Business & Economy Published 30 Sep, 2022 08:58am

Oil holds steady on prospect of OPEC+ output cut, weaker dollar

Brent crude futures for November inched down 10 cents or 0.1% to $88.39 a barrel

Business & Economy Published 28 Sep, 2022 11:00am

Oil prices slip as dollar scales new peak

Dollar hits fresh two-decade peak against a basket of currencies on the back of rising Treasury yields