World
Published 30 Jul, 2021 08:01pm
LONDON: Two crew members of a Japanese-owned oil tanker died in a suspected piracy incident off the coast of Oman,...
Business
Published 27 Jul, 2021 02:03pm
By Ahmad Ghaddar
Oil prices steadied on Tuesday as investors bet tight supply and rising vaccination rates will ...
Business
Published 19 Jul, 2021 07:53pm
OPEC crude producers and their allies on Sunday agreed to pump an extra 400,000 barrels per...
Business
Published 18 Jul, 2021 01:51pm
By Rania El Gamal, Olesya Astakhova and Dmitry Zhdannikov
OPEC+ ministers will meet on Sunday in another attempt to...
Business
Published 15 Jul, 2021 05:53pm
By Alex Lawler
OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of 2021 and...
Published 15 Jul, 2021 05:26pm
The Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs11.40 per litre in...
Business
Published 14 Jul, 2021 02:31pm
By Ron Bousso
Oil prices declined on Wednesday after data showed a drop in China's half-year crude imports while...
Published 13 Jul, 2021 01:01pm
The Russian rouble firmed on Tuesday, hitting its highest level in nearly a week against the dollar and heading...
Business
Published 12 Jul, 2021 11:19am
By Ron Bousso and Isla Binnie
Leading international energy companies are resisting the temptation to rush and spend...
Business
Published 07 Jul, 2021 12:12pm
By Ron Bousso
Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or...
Business
Published 06 Jul, 2021 12:09am
Since May, the group has raised oil output bit by bit, after slashing it more than a...
Business
Published 05 Jul, 2021 03:29pm
By Aziz El Yaakoubi, Marwa Rashad and Davide Barbuscia
Saudi Arabia has amended its rules on imports from other ...
Business
Published 04 Jul, 2021 05:07pm
In a row that could put at risk the energy market's post-coronavirus recovery, the UAE's push to...
Business
Published 01 Jul, 2021 10:16pm
The 13 members of OPEC and 10 allies cut crude production after the pandemic sent oil prices c...
Business
Updated 01 Jul, 2021 07:55pm
The price of New York crude oil spiked above $75 for the first time since late...
Business
Published 03 Jun, 2021 11:12am
Oil prices rose for a third day on Thursday on expectations for a surge in fuel demand, particularly in the United...
Business
Published 02 Jun, 2021 01:27pm
SINGAPORE: US oil may retest a resistance at $68.99 per barrel, a break could lead to a gain to $69.96.
The ...
Business
Published 01 Jun, 2021 10:47am
Oil prices rose on Tuesday, with Brent topping $70, as optimism grew over the fuel demand outlook during the summer...
Business
Published 24 May, 2021 11:39am
SINGAPORE: Oil prices rose on Monday as a storm formed in the Gulf of Mexico and Iran said a three-month nuclear...
Business
Published 21 May, 2021 12:17pm
SINGAPORE: Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return ...
Business
Published 06 May, 2021 02:40pm
SINGAPORE: A bullish target of $67.98 per barrel has been temporarily aborted for US oil. It will only be resumed...
Business
Published 05 May, 2021 12:10pm
SINGAPORE: Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June,...
Business
Published 30 Apr, 2021 11:39am
NEW YORK: Oil prices rose to fresh six-week highs on Thursday as strong US economic data, a weak dollar and an...
Business
Published 22 Apr, 2021 12:02pm
Oil prices extended their losses into a third day on Thursday as a surprise build-up in U.S. crude inventories and a...
Business
Published 20 Apr, 2021 09:21am
SINGAPORE (Reuters) - Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains.
Business
Published 19 Apr, 2021 01:02pm
TOKYO: Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted...
Business
Published 15 Apr, 2021 11:24am
NEW YORK: Oil prices surged Wednesday and most European markets closed higher on increased optimism for a...
Business
Published 15 Apr, 2021 08:13am
TOKYO (Reuters) - Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic.