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Business & Economy Published 03 Mar, 2024 09:22pm

Russia to cut oil output, exports by additional 471,000 bpd in Q2

The export cut will be made from the average export levels of the months of May and June of 2023, says deputy PM

Business & Economy Published 03 Mar, 2024 09:19pm

Some OPEC+ members agree to extend oil output cuts, say sources

Russia to cut oil production and exports by an additional 471,000bpd for second quarter of 2024

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 28 Nov, 2023 05:47pm

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

OPEC+ meets on Thursday to set policy

Business & Economy Published 11 Jun, 2023 05:36pm

OPEC+ working against ‘uncertainities and sentiment’, says Saudi minister

Says new Opec+ deal would be rewarding for those who were investing to grow their production capacity

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 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 27 Apr, 2023 08:33am

Oil prices find some support after heavy losses on US recession fears

Brent crude was trading at $77.94 a barrel

Business & Economy Published 06 Apr, 2023 12:06pm

Oil falls as weak US economic data stokes recession fears

Brent and WTI have both gained nearly 6% so far this week

Business & Economy Published 03 Apr, 2023 01:06pm

Oil prices jump, markets narrow odds on Fed hike

Oil prices surged on Monday after Saudi Arabia

Business & Economy Published 03 Apr, 2023 11:55am

Oil spike a black mark for inflation, consumer demand

A look at the day ahead in European and global markets from Wayne Cole

Business & Economy Published 03 Apr, 2023 11:08am

Dollar ahead as inflation worries resurface after OPEC+ surprise

The U.S. dollar was broadly higher as fears over inflation

Business & Economy Published 03 Apr, 2023 08:06am

Oil prices soar almost 6% after OPEC+ output cut

The reduction came on top of a Russian decision to extend a cut of 500,000 barrels per day

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 22 Nov, 2022 10:31am

Oil rises after Saudis deny report of Opec+ supply increase

Benchmarks plunged by more than $5 a barrel in previous session after report Opec+ would consider output increase

Business & Economy Published 25 Oct, 2022 10:12pm

Saudi blasts release of oil reserves ‘to manipulate markets’

Hundreds of CEOs and finance moguls are in Riyadh for the three-day Future Investment Initiative

Business & Economy Published 19 Oct, 2022 11:50am

Pakistan expresses solidarity with Saudi Arabia on OPEC+ issue

FO encourages constructive approach based on engagement and mutual respect

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 17 Oct, 2022 11:37am

Asia shares slip, testing times for UK bonds

Nikkei down 1.5%; Dollar near 149 yen, market wary of intervention

Business & Economy Published 14 Oct, 2022 01:06pm

Oil edges up on weaker dollar, low US diesel stocks

OPEC+'s output cut to keep supporting crude prices: analyst

Business & Economy Published 13 Oct, 2022 05:35pm

Saudi Arabia says Opec+ oil cut ‘purely economic’

IEA warns move could tip world into recession

World Published 11 Oct, 2022 07:40pm

Biden to ‘re-evaluate’ Saudi ties after OPEC snub: W.House

Saudi-led OPEC agreed last week to reduce output by two million barrels a day from November

Business & Economy Published 11 Oct, 2022 01:52pm

Oil falls on recession fears and China Covid worries

World Bank and IMF see rising risks of global recession

Business & Economy Published 10 Oct, 2022 02:59pm

Oil falls as China demand concerns fuel recession fears

OPEC+ decision on big supply curbs boosted prices

Business & Economy Published 08 Oct, 2022 09:55pm

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

Start producing more oil of your own if you need it, Saudi tells US

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 04 Oct, 2022 12:01pm

Oil jumps about $4 as OPEC+ weighs biggest output cut since 2020

OPEC+ considers cut of more than 1m bpd, say sources

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 21 Sep, 2022 12:26pm

Oil prices tick up on supply woes but Fed rate hike bets cap gains

Opec+ producer grouping falling a record 3.58m barrels per day short of its production targets

Business & Economy Published 05 Sep, 2022 11:34am

Oil prices climb more than $1/bbl ahead of OPEC meeting

Negotiations dragged on in attempts to revive the revival the West's 2015 nuclear deal with Iran