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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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Galaxy Surfactants listing, choppy trade in Asia among key things to track today

Galaxy Surfactants listing, choppy trade in Asia among key things to track today

Thu, Feb 08, 2018

The domestic market look set to open higher, snapping its seven-session long losing streak, even as Asian markets were trading low. At 8:15 am, SGX Nifty was trading at 10,499, up 47 points or 0.45 per cent.

Oil nears one-month low, volatile equities keep investors jittery

Oil nears one-month low, volatile equities keep investors jittery

Mon, Feb 05, 2018

Brent crude futures were down 70 cents at $67.88 a barrel by 1435 GMT, while US West Texas Intermediate crude fell 42 cents to $65.03

Brent holds above $70 on strong demand, OPEC-led supply restraint

Brent holds above $70 on strong demand, OPEC-led supply restraint

Mon, Jan 29, 2018

Oil markets have been propped up by supply restraint lead by the Organization of the Petroleum Exporting Countries (OPEC) and Russia, which started in January last year and are scheduled to last through 2018.

Asia markets rise for 11th straight session, Trump helps dollar bounce

Asia markets rise for 11th straight session, Trump helps dollar bounce

Fri, Jan 26, 2018

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.25 per cent for the day, led by gains in Chinese financial and property shares.

Oil hits highest since late 2014 on U.S. crude inventory drop, weaker dollar

Oil hits highest since late 2014 on U.S. crude inventory drop, weaker dollar

Thu, Jan 25, 2018

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

Oil dips on higher US fuel stocks, but overall market remains supported

Oil dips on higher US fuel stocks, but overall market remains supported

Wed, Jan 24, 2018

Oil prices fell on Wednesday, weighed down by data that showed an increase in US crude oil and gasoline inventories. Brent crude oil futures were at $69.83 a barrel at 0444 GMT, down 13 cents from their last close.

India's oil ministry seeks cut in excise duty on petrol, diesel in budget

India's oil ministry seeks cut in excise duty on petrol, diesel in budget

Mon, Jan 22, 2018

India`s oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday.

Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks

Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks

Thu, Jan 18, 2018

Oil prices were stable on Thursday, supported by tighter inventories of crude as well as rebel threats of an attack on Nigeria`s petroleum industry, but the market was weighed down by a reported rise in U.S. fuel stocks.

Oil near three-year highs on output cuts despite rising North American rig count

Oil near three-year highs on output cuts despite rising North American rig count

Mon, Jan 15, 2018

Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

As oil hits $70, warning lights flash up in Asia

As oil hits $70, warning lights flash up in Asia

Fri, Jan 12, 2018

Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year.

Oil prices edge up on lower US rig count, but below recent highs

Oil prices edge up on lower US rig count, but below recent highs

Mon, Jan 08, 2018

U.S. West Texas Intermediate (WTI) crude futures were at $61.61 a barrel at 0209 GMT, 17 cents, or 0.3 percent, above their last settlement, and not far off the $62.21 May 2015 high reached last week.

Asia stocks advance toward historic highs, US earnings test

Asia stocks advance toward historic highs, US earnings test

Mon, Jan 08, 2018

MSCI`s broadest index of Asia-Pacific shares outside Japan added 0.1 percent having climbed 3.1 percent last week, its strongest performance in six months.

Oil retreats after hitting 2015 highs

Oil retreats after hitting 2015 highs

Sat, Jan 06, 2018

Oil prices have received general support from production cuts led by OPEC and Russia

Global stocks records tumble, oil at highest since 2015

Global stocks records tumble, oil at highest since 2015

Thu, Jan 04, 2018

Market bulls resumed their charge on Thursday as strong data from the world’s biggest economies sent stock index records tumbling and oil prices to their highest since mid-2015.

Oil dips from mid-2015 highs as higher output looms

Oil dips from mid-2015 highs as higher output looms

Wed, Jan 03, 2018

Brent crude futures were at $66.74 a barrel, up 17 cents, still trailing yesterday`s high of $67.29

Crucial Kerala diaspora study begins, as Gulf no longer what it was

Crucial Kerala diaspora study begins, as Gulf no longer what it was

Wed, Jan 03, 2018

The study aims to not only analyse not the present trends in migration but also the medium and long-term consequences of important developments like the global financial crisis of 2009, the drop in oil prices and the stricter immigration policies increasingly followed by countries worldwide and its impact on Kerala`s economy.

Oil prices close to mid-2015 highs, but doubts over further rises loom

Oil prices close to mid-2015 highs, but doubts over further rises loom

Wed, Jan 03, 2018

Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.

Oil near June 2015 high as production cuts tighten market

Oil near June 2015 high as production cuts tighten market

Tue, Dec 26, 2017

U.S. West Texas Intermediate (WTI) crude futures were at $58.50 a barrel at 0141 GMT, up 3 cents from their last settlement.

Oil market capped as US output fast approaches 10 million bpd

Oil market capped as US output fast approaches 10 million bpd

Thu, Dec 21, 2017

Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia.

RBI Guv flagged concern over rising oil prices at MPC meet

RBI Guv flagged concern over rising oil prices at MPC meet

Wed, Dec 20, 2017

RBI Governor Urjit Patel flagged concerns over rising global oil prices and uncertainties on fiscal and external fronts in the meeting of Monetary Policy Committee (MPC) that left key policy rates unchanged earlier this month.

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