Trends - Oil prices

Pakistani Twitter responds to PTI govt's new "petrol bomb"

It's no surprise that Pakistani social media users have taken to Twitter to decry the "petrol bomb" dropped on...

Published 16 Oct, 2021 11:11am

Rising demand pushes oil to fresh multi-year peaks

The recent decision by OPEC and other major producers not to ramp up output has further strained global supplies.

Published 11 Oct, 2021 10:51pm

Oil strikes new peaks, boosting European equities

OPEC and other major producers opted against increasing output by more than previously...

Published 05 Oct, 2021 05:31pm

Stocks dip as oil tops $80 mark

Brent crude oil briefly jumped above $80 per barrel for the first time in almost three years on expectations for...

Published 28 Sep, 2021 10:49pm

Worldwide energy shortage shows up in surging coal, gas and oil prices

LONDON:Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the...

Updated 25 Sep, 2021 01:17pm

Oil prices climb after drawdown in stocks, positive demand outlook

By Jessica Jaganathan SINGAPORE: Oil prices climbed on Wednesday after industry data showed a larger than expected...

Published 15 Sep, 2021 11:38am

Oil recovers as tight U.S. supplies offset China reserves sale plan

By Florence Tan and Sonali Paul SINGAPORE: Oil prices rose on Friday on growing signs of tightness in U.S. markets...

Published 10 Sep, 2021 12:13pm

Stocks steady as investors eye Jackson Hole

Oil prices made modest gains after jumping more than eight percent in the previous two...

Updated 25 Aug, 2021 07:53pm

Equity markets and oil bounce back after last week's tumble

Fears about the Covid mutation have rattled world markets as it forces some governments to...

Published 23 Aug, 2021 04:14pm

Output hikes by major oil producers 'not enough': W.House

According to a statement, competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must...

Published 11 Aug, 2021 08:24pm

Asian markets mostly up but Fed taper talk, Delta temper gains

Spiking infections around the world from the Delta coronavirus variant are also jangling nerves and...

Published 09 Aug, 2021 04:04pm

European stocks climb, oil rebounds but China concerns linger

Oil prices rebounded but did not make much of a dent in Monday's sharp losses, as the...

Published 03 Aug, 2021 05:49pm

Oil steadies as tight supply outweighs virus spread

By Ahmad Ghaddar Oil prices steadied on Tuesday as investors bet tight supply and rising vaccination rates will ...

Published 27 Jul, 2021 02:03pm

US oil tumbles over 6 percent as markets tank

OPEC crude producers and their allies on Sunday agreed to pump an extra 400,000 barrels per...

Published 19 Jul, 2021 07:53pm

Petrol price hiked by Rs 5.40 per litre

The Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs11.40 per litre in...

Published 15 Jul, 2021 05:26pm

Oil prices fall as China crude import data weighs

By Ron Bousso Oil prices declined on Wednesday after data showed a drop in China's half-year crude imports while...

Published 14 Jul, 2021 02:31pm

UAE rejects 'unfair' OPEC+ output deal

In a row that could put at risk the energy market's post-coronavirus recovery, the UAE's push to...

Published 04 Jul, 2021 05:07pm

OPEC+ faces decision on oil output increase

The 13 members of OPEC and 10 allies cut crude production after the pandemic sent oil prices c...

Published 01 Jul, 2021 10:16pm

Stocks rise, oil surges higher

The price of New York crude oil spiked above $75 for the first time since late...

Updated 01 Jul, 2021 07:55pm

Brent hits $70 on demand prospects of U.S. summer driving season

Oil prices rose on Tuesday, with Brent topping $70, as optimism grew over the fuel demand outlook during the summer...

Published 01 Jun, 2021 10:47am

Oil drops as surging COVID-19 infections stoke demand concerns

TOKYO: Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted...

Published 19 Apr, 2021 01:02pm

Oil holds near one-month highs as demand forecasts raised

TOKYO (Reuters) - Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic.

Published 15 Apr, 2021 08:13am

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