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Business & Economy Published 13 Jan, 2024 10:14am

Oil prices rise on Red Sea escalation

Crude prices spiked more than four percent before ebbing somewhat after

Business & Economy Published 12 Jan, 2024 04:47pm

Oil jumps as US, UK strike on Houthis sparks safe-haven push

Dollar edged up against basket of major currencies, as did gold, which benefitted from investor risk aversion

Business & Economy Published 11 Jan, 2024 09:56pm

Oil prices firm as Middle East tensions heat up

Iran seizes tanker off Omani coast

Business & Economy Published 09 Jan, 2024 05:42pm

Oil rises $1 as Middle East crisis, inflation fight in focus

Hapag-Lloyd to continue avoiding Red Sea/Suez Canal

Business & Economy Published 09 Jan, 2024 01:26pm

Oil prices predicted to fall as production declines

Manufacturing and construction has slowed down across the world, affecting demand

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 04 Jan, 2024 04:22pm

Oil extends gains on Middle East supply worries

Shutdown of Libya's Sharara oilfield tightens supply

Business & Economy Published 02 Jan, 2024 04:16pm

Oil prices jump after US forces repel Houthis in Red Sea

Brent crude rose $1.28, or 1.7%, to $78.32 a barrel by 0438 GMT

Business & Economy Published 31 Dec, 2023 09:42am

Explained: Secretive mechanism behind Pakistan’s petrol prices

Govt follows a pricing formula to determine rates

Business & Economy Updated 30 Dec, 2023 08:52am

Oil prices shed 10% in 2023 as supply, demand concerns weigh

Europe-bound diesel, jet fuel cargoes divert from Red Sea

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 15 Dec, 2023 08:41am

Oil prices on track for first weekly rise in two months

World oil consumption will rise by 1.1 million barrels per day in 2024

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 Nov, 2023 11:46am

Oil prices on track for fourth straight week of declines

"Oil prices are down slightly this year despite demand exceeding our optimistic expectations," Goldman Sachs analysts said in a note.