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Business Published 24 Nov, 2021 05:57pm

Govt in talks with petroleum dealers ahead of countrywide strike

Fuel to be available at govt-owned petrol stations as energy minister tries to stave off potential shutdown

Business Published 22 Nov, 2021 03:57pm

Oil prices under pressure from both supply and demand factors

By Bozorgmehr Sharafedin LONDON:Oil prices rose on Monday but remained under pressure from rising COVID-19 cases in...

Business Published 18 Nov, 2021 08:49pm

Oil near six-week low as China readies crude reserve release

The bid by the US to cool markets, asking China to join a coordinated action for the first time, comes as...

World Published 03 Nov, 2021 09:41pm

Iran says stopped US Navy seizing tanker in Sea of Oman

ran's elite Revolutionary Guards said they had thwarted an attempt by the US Navy to seize a tanker in the Sea of Oman.

Business Published 25 Oct, 2021 08:53pm

Oil prices reach multi-year highs on tight supply

The global energy supply crunch continues to show its teeth, as oil prices extend their upward march this week.

Business Published 18 Oct, 2021 12:03pm

Oil prices climb as COVID recovery, power generators stoke demand

By Jessica Jaganathan SINGAPORE: Oil prices hit their highest level in years on Monday as demand recovers from the...

Business Published 16 Oct, 2021 01:58pm

Oil prices rise to three-year high on back of supply deficit forecasts

By Laura Sanicola Oil prices settled at a three-year high above $85 a barrel on Friday, boosted by forecasts of a...

Must Read Published 16 Oct, 2021 11:11am

Pakistani Twitter responds to PTI govt's new "petrol bomb"

It's no surprise that Pakistani social media users have taken to Twitter to decry the "petrol bomb" dropped on...

Business Updated 16 Oct, 2021 12:03pm

Oil market still faces uncertainties due to COVID-19, OPEC chief says

The oil market continues to face uncertainties stemming from the COVID-19 pandemic, OPEC Secretary General Mohammad...

Business Updated 13 Oct, 2021 02:40pm

Oil steadies as energy crunch stirs up volatility, recovery concerns

By Stephanie Kelly NEW YORK:- Oil steadied after a volatile session on Tuesday, pausing a rally that has brought...

Business Published 12 Oct, 2021 11:50am

Oil rises for fourth day amid energy crunch

By Aaron Sheldrick Oil prices reversed early losses to extend gains on Tuesday into a fourth day amid a rebound in...

Business Published 11 Oct, 2021 10:51pm

Rising demand pushes oil to fresh multi-year peaks

The recent decision by OPEC and other major producers not to ramp up output has further strained global supplies.

Business Published 05 Oct, 2021 05:31pm

Oil strikes new peaks, boosting European equities

OPEC and other major producers opted against increasing output by more than previously...

Business Published 28 Sep, 2021 10:49pm

Stocks dip as oil tops $80 mark

Brent crude oil briefly jumped above $80 per barrel for the first time in almost three years on expectations for...

Business Updated 25 Sep, 2021 01:17pm

Worldwide energy shortage shows up in surging coal, gas and oil prices

LONDON:Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the...

Business Published 15 Sep, 2021 11:38am

Oil prices climb after drawdown in stocks, positive demand outlook

By Jessica Jaganathan SINGAPORE: Oil prices climbed on Wednesday after industry data showed a larger than expected...

Business Published 10 Sep, 2021 12:13pm

Oil recovers as tight U.S. supplies offset China reserves sale plan

By Florence Tan and Sonali Paul SINGAPORE: Oil prices rose on Friday on growing signs of tightness in U.S. markets...

Business Published 07 Sep, 2021 10:56am

Oil wobbles as demand woes stalk market after Saudi price cuts

By Yuka Obayashi Oil prices were wobbly on Tuesday as investors grappled with demand concerns after Saudi Arabia's...

Business Published 03 Sep, 2021 12:34am

OPEC+ decides to hike oil production gradually

At a virtual meeting, the group decided to boost output in monthly installments of 400,000 barrels a...

Business Published 30 Aug, 2021 03:11pm

OPEC+ likely to keep oil output policy from September unchanged, sources say

OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its...

Business Updated 25 Aug, 2021 07:53pm

Stocks steady as investors eye Jackson Hole

Oil prices made modest gains after jumping more than eight percent in the previous two...

Business Published 23 Aug, 2021 04:14pm

Equity markets and oil bounce back after last week's tumble

Fears about the Covid mutation have rattled world markets as it forces some governments to...

Business Published 11 Aug, 2021 08:24pm

Output hikes by major oil producers 'not enough': W.House

According to a statement, competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must...

Business Published 09 Aug, 2021 04:04pm

Asian markets mostly up but Fed taper talk, Delta temper gains

Spiking infections around the world from the Delta coronavirus variant are also jangling nerves and...

Business Published 04 Aug, 2021 11:19pm

US stocks, oil prices stumble as jobs report disappoints

European stock markets closed higher but the Dow fell after a report showed that hiring by...