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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 prices fall over 1% as analysts say market still oversupplied

Oil prices fall over 1% as analysts say market still oversupplied

Tue, Aug 23, 2016

Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.

Oil prices fall on doubts producers can agree output restraint

Oil prices fall on doubts producers can agree output restraint

Wed, Aug 17, 2016

Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.

US stocks hits new record highs on rising oil prices

US stocks hits new record highs on rising oil prices

Mon, Aug 15, 2016

The Dow Jones Industrial Average and the broad-based S&P 500 rose 0.4% around mid-day in New York as the tech-rich Nasdaq Composite Index advanced nearly 0.7%.

Rosneft Q2 profit tumbles 33% on low oil prices

Rosneft Q2 profit tumbles 33% on low oil prices

Mon, Aug 15, 2016

Rosneft's total revenue suffered a 7.8% drop, falling to $19.2 billion, slightly exceeding the expectations of analysts quoted by Russia's Interfax news agency.

Oil rises on hopes of Russia to talk to producers on stabilising prices

Oil rises on hopes of Russia to talk to producers on stabilising prices

Mon, Aug 15, 2016

On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

Asian shares ease as Japan's economic growth stalls in Q2

Asian shares ease as Japan's economic growth stalls in Q2

Mon, Aug 15, 2016

Asian shares inched back from one-year peaks on Monday after Japanese data showed the world's third largest economy hit an air pocket last quarter, while oil prices held onto their recent gains as markets globally made a slow start to the week.

Asian shares rise after Wall Street hits record highs, China data awaited

Asian shares rise after Wall Street hits record highs, China data awaited

Fri, Aug 12, 2016

Chinese indicators to be released on Friday include industrial output and retail sales.

IEA cuts oil demand forecast on Brexit impact

IEA cuts oil demand forecast on Brexit impact

Thu, Aug 11, 2016

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

'Oil prices' role in India's disinflation relatively modest', IMF says

'Oil prices' role in India's disinflation relatively modest', IMF says

Wed, Aug 10, 2016

Nothing that the bulk of the disinflation (45 per cent), however, can be attributed to a moderation in the historical dynamics of inflation that influence contemporaneous inflation, the paper said, "We also find an important role for forward-looking expectations... Almost 35 per cent of the disinflation can be attributed to this."

Oil prices fall over 1% on surge in dollar

Oil prices fall over 1% on surge in dollar

Fri, Aug 05, 2016

Oil prices fell 1 percent on Friday as the dollar surged on robust U.S. jobs data, reasserting its influence over commodities as two days of short-covering and bargain-hunting in crude fizzled, bringing attention back to oversupplies.

WATCH: Top 5 stories of this evening; From Govt setting inflation target at 4% to fall in oil prices on oversupply concerns

WATCH: Top 5 stories of this evening; From Govt setting inflation target at 4% to fall in oil prices on oversupply concerns

Fri, Aug 05, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this evening: 1. Govt pegs inflation target at 4% for 5 years

US crude oil settles below $40 per barrel for first time since April

US crude oil settles below $40 per barrel for first time since April

Wed, Aug 03, 2016

Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets.

Oil takes breather from losses but oversupply concerns remain

Oil takes breather from losses but oversupply concerns remain

Tue, Aug 02, 2016

Global fuel inventories are brimming as refineries have churned out huge volumes of diesel, gasoline and jet fuel but the supply glut has diminished profit margins and demand has been unable to keep up with supply.

Indian crude oil basket falls to four-month lows

Indian crude oil basket falls to four-month lows

Mon, Aug 01, 2016

India is now paying $39.90 per barrel of crude oil, lowest since April 2016, the Government data showed.

Oil dips back below $50 on economic worries

Oil dips back below $50 on economic worries

Tue, Jul 05, 2016

"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.

Oil stable at nearly $50, but slow Asian demand hurts

Oil stable at nearly $50, but slow Asian demand hurts

Mon, Jul 04, 2016

Oil futures were steady on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.

Oil prices fall to $50 per barrel as supply outlook improves

Oil prices fall to $50 per barrel as supply outlook improves

Thu, Jun 30, 2016

Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50.1 per barrel as fears over strike outages in Norway faded and as Nigeria`s production improved.

Oil prices fall as Brexit lingers, refined product glut looms

Oil prices fall as Brexit lingers, refined product glut looms

Mon, Jun 27, 2016

Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.

Oil prices fall for first time in three days after easing of concerns on Brexit

Oil prices fall for first time in three days after easing of concerns on Brexit

Tue, Jun 21, 2016

Brent crude futures' August front-month contract was down 31 cents at $50.34 a barrel.

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