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Major Gulf markets mixed on muted oil prices, regional tensions

Major Gulf markets mixed on muted oil prices, regional tensions

Tue, Jan 23, 2024

The United Arab Emirates president has issued a law establishing an artificial intelligence and advanced technology council, the Abu Dhabi Media Office said on Monday.

Oil prices stabilise as Red Sea transport disruptions ease

Oil prices stabilise as Red Sea transport disruptions ease

Thu, Dec 28, 2023

Media reports said that Brent crude futures inched up 10 cents, or 0.1 per cent, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel.

Oil prices extend gains as Red Sea attacks disrupt supply chains

Oil prices extend gains as Red Sea attacks disrupt supply chains

Tue, Dec 19, 2023

In Iran, Oil Minister Javad Owji on Monday confirmed a nationwide disruption to petrol stations was caused by a cyberattack.

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Asia shares edge up with Wall St futures, mood fragile

Asia shares edge up with Wall St futures, mood fragile

Mon, Jun 20, 2022

The euro softened slightly after French President Emmanuel Macron lost control of the National Assembly in legislative elections on Sunday, a major setback that could throw the country into political paralysis.The euro softened slightly after French President Emmanuel Macron lost control of the National Assembly in legislative elections on Sunday, a major setback that could throw the country into political paralysis.

Oil falls as U.S. gasoline stock draw raises prospect of SPR release

Oil falls as U.S. gasoline stock draw raises prospect of SPR release

Wed, Nov 17, 2021

Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on the Biden administration to release oil from emergency reserves to cap soaring gasoline prices.

Oil prices slide amid fears of supply boost, weaker demand

Oil prices slide amid fears of supply boost, weaker demand

Mon, Nov 15, 2021

Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand.

Oil prices steady after falling on signs U.S. may release more reserves

Oil prices steady after falling on signs U.S. may release more reserves

Thu, Nov 11, 2021

Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States, spurred by climbing energy costs

Centre ends meeting with states, UTs on oil prices; asks to expedite process of imposing stock limits

Centre ends meeting with states, UTs on oil prices; asks to expedite process of imposing stock limits

Mon, Oct 25, 2021

The Centre told the states that all the steps that have been taken, including reduction in import duty, to control the prices of oil and pulses ensure that the general public gets their full benefits.

Oil climbs on switch from gas and doubts over U.S. releasing reserves

Oil climbs on switch from gas and doubts over U.S. releasing reserves

Fri, Oct 08, 2021

Oil prices rose on Friday, tracking towards a 4.2% gain for the week on signs some industries have begun switching fuel from high priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now.

Make in India boost, oil cess may be halved

Make in India boost, oil cess may be halved

Tue, Jan 26, 2021

The government may give a `Make in India` push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers to protect their margins.

Oil prices edge lower amid doubts over OPEC cuts

Oil prices edge lower amid doubts over OPEC cuts

Tue, Nov 05, 2019

Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.

Oil prices edge down; eyes on data amid trade deal hopes

Oil prices edge down; eyes on data amid trade deal hopes

Mon, Nov 04, 2019

Oil prices eased on Monday as traders remained cautious ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.

Oil prices drop after three-day rally amid economic growth concerns

Oil prices drop after three-day rally amid economic growth concerns

Fri, Oct 25, 2019

Oil prices declined on Friday after three straight days of gains, as gloomy economic growth forecasts renewed concerns over the outlook for demand. Brent crude was down 36 cents, or 0.6%, at $61.31 by 0318 GMT.

Oil prices rebound on lower output from US, Russia, OPEC

Oil prices rebound on lower output from US, Russia, OPEC

Tue, Oct 01, 2019

Front-month prices for both contracts posted their largest quarterly falls this year on Monday, hurt by a slowdown in global economic growth amid the U.S.-China trade war.

Oil price jumps nearly 15% in record trading after attack on Saudi facilities

Oil price jumps nearly 15% in record trading after attack on Saudi facilities

Tue, Sep 17, 2019

Brent crude, the international benchmark, settled at $69.02 a barrel, rising $8.80, or 14.6%, its biggest one-day percentage gain since at least 1988. Brent futures saw more than 2 million contracts traded, an all-time daily volume record, Intercontinental Exchange spokeswoman Rebecca Mitchell said.

Petrol, diesel prices in India may shoot up by Rs 5-6 a litre after drone attack in Saudi: Kotak

Petrol, diesel prices in India may shoot up by Rs 5-6 a litre after drone attack in Saudi: Kotak

Mon, Sep 16, 2019

A recent report by Kotak said that in light of the sharp rise in international crude oil prices, Indian oil marketing companies (OMCs) may increase the retail price of diesel and gasoline by Rs 5 to 6 per litre in the following fortnight.

WTI Crude: Oil steadies as Saudi, Kuwait signals offset demand fears

WTI Crude: Oil steadies as Saudi, Kuwait signals offset demand fears

Tue, Aug 13, 2019

WTI Crude: Oil prices were little changed on Monday as expectations that producers would continue to reduce global supplies due to the US-China trade war.

US-China trade war: Oil drops as slower global economic growth expected

US-China trade war: Oil drops as slower global economic growth expected

Fri, Jul 26, 2019

A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.

WTI Crude Outlook: Here is what Comdex experts have to say on oil prices future

WTI Crude Outlook: Here is what Comdex experts have to say on oil prices future

Fri, Jun 21, 2019

After the escalation of geopolitical tension, especially between the US and Iran, the crude prices have become volatile putting investors in limbo. However, experts are of the opinion that it won't last for long and the demand-supply constraint would remain as it was earlier.

Oil rises amid surging China crude imports, US sanctions

Oil rises amid surging China crude imports, US sanctions

Wed, May 08, 2019

OPEC is due to meet in June at its headquarters in Vienna, Austria, to decide its output policy for the rest of the year.

Oil prices near 2019 highs after US ends Iran sanction waivers

Oil prices near 2019 highs after US ends Iran sanction waivers

Tue, Apr 23, 2019

Oil prices hovered near 2019 peaks in early trading on Tuesday after Washington abruptly moved to end all Iran sanctions waivers by May.

Oil prices dip on global growth worry, possible output rise

Oil prices dip on global growth worry, possible output rise

Wed, Apr 10, 2019

Oil fell from five-month highs on Tuesday after the International Monetary Fund cut its global economic growth forecasts and as Russia signalled it may retreat from its production-cutting deal with OPEC.

Oil prices near 2019 highs ahead of official US weekly data

Oil prices near 2019 highs ahead of official US weekly data

Wed, Mar 20, 2019

Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.

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