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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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Oil gains on pipeline outage tempered by robust U.S. output

Oil gains on pipeline outage tempered by robust U.S. output

Mon, Dec 18, 2017

Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers` strike in the Nigerian energy industry. Still, growth in U.S. crude output cast a shadow over the market and continued to cap gains.

Brent crude prices near 2015 high after North Sea pipeline disruption

Brent crude prices near 2015 high after North Sea pipeline disruption

Tue, Dec 12, 2017

Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.

Bitcoin futures surge past $18,000; Asian shares firm

Bitcoin futures surge past $18,000; Asian shares firm

Mon, Dec 11, 2017

The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a closely-watched launch, while Asian shares climbed amid optimism about global growth.

Oil prices drop on increased U.S. drilling activity

Oil prices drop on increased U.S. drilling activity

Mon, Dec 11, 2017

Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets.

Oil edges higher, anticipating another drawdown in U.S. stocks

Oil edges higher, anticipating another drawdown in U.S. stocks

Tue, Dec 05, 2017

Oil edged higher on Tuesday, supported by strong demand, expectations of a drop in U.S. crude inventories and an OPEC-led deal to extend oil output cuts.

GDP data fails to cheer markets; Sensex, Nifty50 slump over 2%

GDP data fails to cheer markets; Sensex, Nifty50 slump over 2%

Sat, Dec 02, 2017

According to market observers, upbeat gross domestic product (GDP) growth data for the second quarter of 2017-18 failed to cheer the equity markets as investors remained cautious ahead of major events in the upcoming week.

Global Markets: U.S. tax bill, Russian probe whipsaw financial markets

Global Markets: U.S. tax bill, Russian probe whipsaw financial markets

Sat, Dec 02, 2017

Stocks and the greenback tanked mid-session after an ABC report that former national security adviser Michael Flynn was prepared to testify that Donald Trump instructed him to make contact with Russians during the presidential campaign.

Gold briefly jumps 1.2% as Flynn probe roils markets

Gold briefly jumps 1.2% as Flynn probe roils markets

Sat, Dec 02, 2017

Shares on Wall Street fell immediately after the report. Investors feared the political news could affect whether the Senate will pass a tax bill backed by Trump.

U.S. oil steady after OPEC extension of production cut

U.S. oil steady after OPEC extension of production cut

Fri, Dec 01, 2017

U.S. oil held steady on Friday after OPEC and other major producers agreed to extend production curbs in a widely expected move aimed at ending a persistent glut in global supplies.

Oil drops for third day, awaiting OPEC decision

Oil drops for third day, awaiting OPEC decision

Thu, Nov 30, 2017

Oil prices dipped on Wednesday in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC`s meeting in Vienna, as members debate the path for an extension of the group`s supply-cut agreement.

Indian economic growth set to end five-quarter slide: Reuters poll

Indian economic growth set to end five-quarter slide: Reuters poll

Tue, Nov 28, 2017

If that`s correct, the data will be the latest evidence of a broad-based global economic upturn across Asia and most of the world that has many major central banks poised to move away from ultra-easy monetary policy.

Oil prices fall on uncertainty over OPEC output cuts, pipeline restart

Oil prices fall on uncertainty over OPEC output cuts, pipeline restart

Tue, Nov 28, 2017

Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.

Exxon Mobil chief Darren Woods revamps refining and chemical operations

Exxon Mobil chief Darren Woods revamps refining and chemical operations

Mon, Nov 27, 2017

The reorganization aims to squeeze more profits from the fuel and chemicals businesses as the company works to improve its exploration and production operations, which have struggled since 2014 to adjust to lower oil and gas prices.

Oil prices firm on expected OPEC cut extension

Oil prices firm on expected OPEC cut extension

Wed, Nov 22, 2017

Oil prices firmed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond March 2018.

Russia's Rosneft says managing exit from OPEC deal is a serious challenge

Russia's Rosneft says managing exit from OPEC deal is a serious challenge

Wed, Nov 15, 2017

Russian Energy Minister Alexander Novak met Russian oil company executives in Moscow on Wednesday ahead of talks in Vienna at the end of November between OPEC and non-OPEC producers.

Oil markets cautious as OPEC cuts are met by rising U.S. output

Oil markets cautious as OPEC cuts are met by rising U.S. output

Tue, Nov 14, 2017

Oil markets were treading water on Tuesday, continuing the cautious trading seen over the last week as bullish factors such as ongoing OPEC-led production cuts and Middle East tensions are countered by rising U.S. output.

Asian markets hit 10-year high on strong economy, oil gains

Asian markets hit 10-year high on strong economy, oil gains

Wed, Nov 01, 2017

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, led by 1.1% gains in South Korea while Japan's Nikkei gained 1.4%.

Oil prices steady near two-year high as supply cuts bite

Oil prices steady near two-year high as supply cuts bite

Tue, Oct 31, 2017

Oil prices were steady to slightly firmer on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent crude to more than two-year highs above $60 per barrel.

Oil up 2%, Brent hits $60 per barrel on support for extending curbs

Oil up 2%, Brent hits $60 per barrel on support for extending curbs

Sat, Oct 28, 2017

Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world`s top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks.

Asian markets extend bull run on optimism about upcoming earnings

Asian markets extend bull run on optimism about upcoming earnings

Tue, Oct 17, 2017

Japan's Nikkei gained 0.6%, extending its 10-day winning streak until Monday while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.04%.

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