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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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India could invest in Aramco IPO to strengthen ties

India could invest in Aramco IPO to strengthen ties

Tue, May 23, 2017

"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.

Sterling retreats after Manchester blast, stocks steady

Sterling retreats after Manchester blast, stocks steady

Tue, May 23, 2017

Sterling remained under pressure after police said at least 19 people were killed and about 50 injured in an explosion at a concert in Manchester where U.S. singer Arianna Grande had been performing.

Asia stocks mixed, but Trump's troubles weigh

Asia stocks mixed, but Trump's troubles weigh

Fri, May 19, 2017

Japan`s Nikkei was almost 0.1 percent higher, headed for a decline of 1.6 percent for the week.

Global Markets: Oil price jump on U.S. inventories slide boosts stocks

Global Markets: Oil price jump on U.S. inventories slide boosts stocks

Thu, May 11, 2017

Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension to OPEC supply cuts.

Oil at bright spot in subdued markets as investors seek next catalyst

Oil at bright spot in subdued markets as investors seek next catalyst

Tue, May 09, 2017

The Korean won was slightly lower on Tuesday, with the dollar buying 1,132.08 won. South Korean stocks closed at a record high on Monday.

Oil rebounds, as OPEC talks up cutting supply into 2018

Oil rebounds, as OPEC talks up cutting supply into 2018

Tue, May 09, 2017

Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.

Protectionism can blunt US firms' efficiency & can affect Indian companies, says FM Arun Jaitley

Protectionism can blunt US firms' efficiency & can affect Indian companies, says FM Arun Jaitley

Sun, May 07, 2017

India's finance minister Arun Jaitley while speaking at 'Asia's Economic Outlook: Talking Trade' on the sidelines of Asian Development Bank's 50th annual meet in Japan said that the US firms may become sluggish if cheaper products and efficient services are cut off to them due to protectionist policies.

Oil prices pinned near five-month low as supply glut weighs

Oil prices pinned near five-month low as supply glut weighs

Fri, May 05, 2017

"So far OPEC`s strategy to draw down inventories has not worked ... It seems obvious to us that OPEC will need to keep the cuts in place for longer than the next 6 months if their strategy is to have any chance of success," Neil Beveridge, senior oil and gas analyst at AB Bernstein in Hong Kong said in a note to clients on Friday.

Asian stocks tread water on US, commodities concerns

Asian stocks tread water on US, commodities concerns

Fri, May 05, 2017

Traders also remained cautious ahead of Friday`s U.S. government payrolls report, following March`s underwhelming 98,000 figure.

Brent crude closes at 2017 low, erases gains since OPEC's cuts

Brent crude closes at 2017 low, erases gains since OPEC's cuts

Wed, May 03, 2017

The market was already trading lower prior to the technical selloff on reports of rising output in the United States, Canada and Libya and declining compliance by members of the Organization of the Petroleum Exporting Countries with the deal to cut output during the first half of this year.

Asia stocks ride global momentum, dollar up on June Fed rate hike bets

Asia stocks ride global momentum, dollar up on June Fed rate hike bets

Wed, May 03, 2017

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.1% early on Wednesday, within a hair of a near-two-year high hit on Tuesday.

Oil markets remain cautious on record supplies

Oil markets remain cautious on record supplies

Fri, Apr 21, 2017

Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.

Oil prices mixed after U.S. production seen rising

Oil prices mixed after U.S. production seen rising

Tue, Apr 18, 2017

Crude oil prices were mixed in thin trading on Tuesday after the Easter holiday break shut many markets for as long as four days and a U.S. government report indicated rising production, which may keep a cap on prices after recent gains.

Sensex, Nifty ends in red; India Bulls top gainer

Mon, Apr 17, 2017

Here's a live coverage of Sensex, Nifty 50 and stock performances from Zee Business.

Crude oil eases for second day on rising U.S. inventories

Crude oil eases for second day on rising U.S. inventories

Thu, Apr 13, 2017

Crude oil futures slid for a second session on Thursday, moving away from a one-month high touched in the last session as rising U.S. inventories stoked worries about global oversupply.

Oil prices rise on prospect that Saudi Arabia seeking output cut extension

Oil prices rise on prospect that Saudi Arabia seeking output cut extension

Wed, Apr 12, 2017

Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.

Oil hits 5-week top on geopolitical tensions, strong demand

Oil hits 5-week top on geopolitical tensions, strong demand

Tue, Apr 11, 2017

Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya`s largest oilfield. Additional support also came from expectations of strong demand as the U.S. summer driving season kicks in.

Global stocks skid, safe-haven assets jump as U.S. strikes Syria

Global stocks skid, safe-haven assets jump as U.S. strikes Syria

Fri, Apr 07, 2017

The U.S. military launched cruise missile strikes ordered by President Donald Trump against a Syrian air base controlled by President Bashar al-Assad`s forces in response to a deadly chemical attack in a rebel-held area, a U.S. official said.

Oil prices dip as oversupply concerns linger

Oil prices dip as oversupply concerns linger

Fri, Apr 07, 2017

Oil prices dipped on Friday as ongoing concerns about oversupply outweighed an OPEC-led production cut and strong refinery activity. Brent crude futures , the international benchmark for oil, were at $54.85 per barrel at 0109 GMT, down 4 cents from their last close.

Oil prices fall on record U.S. crude stocks, rising production

Oil prices fall on record U.S. crude stocks, rising production

Thu, Apr 06, 2017

Traders said the falls came on the back of rising U.S. crude production that bolstered inventories to record levels.

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