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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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Asian shares off 1 1/2-year high, Trump's yuan comment in focus

Asian shares off 1 1/2-year high, Trump's yuan comment in focus

Fri, Feb 24, 2017

MSCI`s broadest index of Asia-Pacific shares outside Japan was down 0.1% in early trade.

Competition led to 30% airfare drop in India: Minister

Competition led to 30% airfare drop in India: Minister

Sat, Feb 18, 2017

"If we are looking at the country as a whole, then average airfares have actually fallen by 30 per cent," Union Minister for Civil Aviation Ashok Gajapathi Raju said on Saturday.

Note ban negative for auto asset backed loan in short-term: Moody's

Note ban negative for auto asset backed loan in short-term: Moody's

Mon, Feb 13, 2017

Moody's Investors Service on Monday said that the government's demonetisation decision will have negative impact on the performance of Indian auto asset backed loans in the short-term and the effect will last until March.

OPEC figures show over 90% compliance with supply cut: Sources

OPEC figures show over 90% compliance with supply cut: Sources

Fri, Feb 10, 2017

The Organisation of the Petroleum Exporting Countries (OPEC) has delivered more than 90% of pledged oil output curbs in January whereby making a strong start to implementation of its first production cut in eight years.

Asian stocks tread water on US cues, Europe concerns

Asian stocks tread water on US cues, Europe concerns

Thu, Feb 09, 2017

Asian stocks looked set to consolidate around four-month highs on Thursday as a cautious Wall Street close and growing political risks in Europe force investors to the sidelines. MSCI`s broadest index of Asia-Pacific shares outside Japan was broadly flat, with early Asian markets such as Australi

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Tue, Feb 07, 2017

Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.

RBI may hold rates this year after 25 bps cut next week:Nomura

RBI may hold rates this year after 25 bps cut next week:Nomura

Sun, Feb 05, 2017

According to Japanese financial services major Nomura, though the Reserve Bank might go for a policy easing on February 8, it would be a "close call" considering some global factors like higher oil prices and narrowing interest rate differentials.

OPEC oil output inches down after November deal

OPEC oil output inches down after November deal

Wed, Jan 18, 2017

OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.

Domestic demand, exports to help Indian cos: S&P

Domestic demand, exports to help Indian cos: S&P

Wed, Jan 18, 2017

"While Indian companies are better placed than their global peers, we believe their ability to manage capital expenditure and quickly adjust to ongoing structural reforms in the country is crucial," S&P Global Ratings credit analyst Abhishek Dangra said.

Investor worries over Donald Trump, US policy on the rise: BAML

Investor worries over Donald Trump, US policy on the rise: BAML

Tue, Jan 17, 2017

Worries over Donald Trump`s economic policies and the potential for US policy errors rose sharply this month, according to a survey of fund managers released on Tuesday, prompting them to hold more cash even though they expect growth and inflation to rise further.

OPEC chief confident in commitment, enthusiasm for output cut deal

OPEC chief confident in commitment, enthusiasm for output cut deal

Sat, Jan 14, 2017

"I remain confident... with the level of commitment and enthusiasm that I have seen among the 24 participating countries whom I am in regular contact with that this historic and landmark decision will be implemented fully," Mohammed Barkindo told Reuters in an interview in Abu Dhabi.

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

Thu, Jan 05, 2017

OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.

Eurozone inflation jumps to 1.1% in December, highest since 2013

Eurozone inflation jumps to 1.1% in December, highest since 2013

Wed, Jan 04, 2017

Inflation in the eurozone jumped to 1.1% in December, the highest level for more than three years, boosted by rising oil prices, official European Union (EU) figures showed on Wednesday.

Oil prices edge up on expectations of tightening supplies

Oil prices edge up on expectations of tightening supplies

Wed, Jan 04, 2017

International Brent crude futures were up 32 cents, or 0.6%, at $55.79 a barrel.

Oil prices rise as markets eye OPEC, non-OPEC production cuts

Oil prices rise as markets eye OPEC, non-OPEC production cuts

Tue, Jan 03, 2017

International Brent crude oil was yet to trade after closing up 68 cents at $56.82 per barrel on Friday.

Oil prices edge up despite unexpected U.S. crude inventory build

Oil prices edge up despite unexpected U.S. crude inventory build

Fri, Dec 30, 2016

Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks.

Oil prices fall on surprise build in U.S. crude stocks

Oil prices fall on surprise build in U.S. crude stocks

Thu, Dec 29, 2016

U.S. oil prices fell on Thursday following a surprise build in the country`s crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday.

Oil prices up in quiet session as year-end approaches

Oil prices up in quiet session as year-end approaches

Fri, Dec 23, 2016

Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.

Oil prices rise in anticipation of tighter 2017 market

Oil prices rise in anticipation of tighter 2017 market

Mon, Dec 19, 2016

Oil prices inched up on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

Global cues, oil prices to dictate market trend this week: Experts

Global cues, oil prices to dictate market trend this week: Experts

Sun, Dec 18, 2016

Trend in global markets and crude oil prices are expected to set the market trend in the week, while a bit of recovery is likely on the back of attractive valuations, say experts.

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