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Business & Economy Published 20 Apr, 2022 05:00pm

Oil rebounds as supply concerns dominate

Global oil prices have been pulled higher by a tighter supply outlook after sanctions against Russia

Business & Economy Published 11 Apr, 2022 08:41pm

Oil market sinks on China demand fears

US benchmark oil West Texas Intermediate dives as low as $92.93 per barrel and European Brent hits $97.57

Business & Economy Published 07 Apr, 2022 05:15pm

Oil rises from 3-week low as supply concerns linger

Brent crude futures climb $1.42 or 1.4%, to $102.52 a barrel, while US WTI crude futures rise $1.55, or 1.6%, to $97.78 a barrel

Business & Economy Published 05 Apr, 2022 05:29pm

Saudi Arabia raises May crude prices globally, Asia at record levels

The record Saudi crude prices for Asia come as oil exports from Russia are hit by buyer aversion and western sanctions

Business & Economy Published 05 Apr, 2022 03:54pm

During 2022: Pakistan to import 32.7mn barrels of crude under Saudi Fund Programme

Pakistan will import around 32.7 million barrels of crude oil under its agreement signed with the Saudi Fund for...

Business & Economy Published 05 Apr, 2022 11:17am

Oil climbs on prospect of fresh Russia sanctions

Global crude futures had settled up more than 3% on Monday on the threat of more sanctions on Russia

Business & Economy Published 30 Mar, 2022 11:15pm

Oil jumps 4% on tight supply, prospects of new Russia sanctions

U.S. crude stockpiles fall for a second straight week, falling by a bigger-than-expected 3.4 million barrels last week

Business Published 28 Mar, 2022 11:47pm

Oil slides on concerns of weaker Chinese demand

Brent crude futures slide as low as $111.17

Business Published 23 Mar, 2022 04:11pm

Oil rises in volatile trade on supply concerns from Russia sanctions

The market remains on edge over the prospect of further sanctions on Russia

Business Updated 22 Mar, 2022 01:49pm

Oil prices soar on Saudi, Russian supply fears

Wall Street dipped after Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates

Business Published 17 Mar, 2022 05:46pm

Oil surges amid warnings of supply shortages

The supply loss will be far greater than expected drop in demand triggered by higher fuel prices

Must Read Published 15 Mar, 2022 12:38pm

Oil falls on Ukraine talks, fears of slower demand in China

Brent LCOc1 futures dropped $4.20 or 3.9% to $102.70 a barrel by 0125 GMT after falling 5.1% the previous day

Business Published 09 Mar, 2022 06:14pm

Oil rises towards $130 as Russian crude struggles to find buyers

US has placed ban on Russian oil imports, Britain says it will phase them out and Shell said it would stop buying Russian crude

Must Read Published 07 Mar, 2022 11:20am

India rupee falls to lifetime low as oil prices surge; yields rise

MUMBAI:The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices...

Business Published 04 Mar, 2022 01:01am

Saudi Aramco shares hit new record high

Trading stops at 43.05 Saudi riyals ($11.48) per share

Business Updated 03 Mar, 2022 01:23pm

Oil jumps, Brent above $116/bbl as supply issues persist

US crude stocks fell to multi-year lows

Business Published 02 Mar, 2022 01:51pm

Oil surges past $110, global stocks slide on further deepening of Russia-Ukraine crisis

Crude oil surged past $110 a barrel Wednesday and stock markets sank with investors growing increasingly fearful...

Business Published 01 Mar, 2022 07:11pm

Oil, gas and wheat prices surge as sanctions disrupt flows

Crude oil extends gains above $100 a barrel, gas prices surge 17% and wheat 5%

Business Published 25 Feb, 2022 05:37pm

Oil prices take breather as Russia advances further on Ukraine

LONDON: Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply...

Business Published 23 Feb, 2022 05:08pm

Oil steadies on waning supply worries over Ukraine crisis

The potential return of more Iranian crude to the market also keeps a lid on price

Business Published 21 Feb, 2022 06:11pm

Oil rises as tight market looks to Russian-Western diplomacy

Brent crude futures rise 25 cents a barrel while US WTI crude futures rise 35 cents to $91.42 a barrel

Business Published 19 Feb, 2022 12:02am

Oil extends losses as heads for weekly fall on Iranian oil hopes

Analysts say there is little chance of Iranian crude returning to the market in the immediate future

Business Published 17 Feb, 2022 05:35pm

Oil falls, caught between Iran talks and Ukraine crisis

Losses are capped by heightened tensions between top energy exporter Russia and the West over Ukraine

Business Published 16 Feb, 2022 04:36pm

Oil prices recoup losses as Russia-Ukraine tensions stay high

Brent trades at $93.86 a barrel, up 0.6%, having slid 3.3% overnight after Russia announces a partial pullback of its troops

Business Published 15 Feb, 2022 11:06pm

Oil drops nearly 4% as Russia says some troops return to base

Both oil benchmarks hit their highest since September 2014 on Monday