Oil inches up ahead of US inflation data
Oil prices saw a marginal increase, with Brent futures nearing $83 a barrel and West Texas Intermediate crude…
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OPEC
Oil declines further in early Monday trade
Oil fell on Monday due to concerns about sluggish demand in China, despite geopolitical tensions in the Middle East…
Aramco’s ’23 profit drops to $121b
Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
OPEC head sees share of Indian oil imports to grow again
The Organisation of the Petroleum Exporting Countries (OPEC) is poised to win a bigger share of India's oil imports…
Gulf markets dip as oil declines
Gulf stock markets were muted in early Tuesday trading due to declining oil prices as China’s economic reforms…
Oil prices drop on worries about interest rate hikes
Oil prices fell on Thursday due to concerns about slow demand and the possibility of elevated US interest rates,…
Russia halts gasoline exports for 6 months
Russia imposed a six-month gasoline export ban starting on March 1 to stabilise prices due to increased demand from…
Oil declines in early Monday trade
Oil continued its decline after experiencing a weekly drop, as traders awaited new indications regarding global…
Oil tanker crisis intensifies as Red Sea attacks divert trade
The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…
Oil prices surge amid Red Sea tensions
Oil prices rose in Asian trade on Wednesday due to concerns about attacks on shipping in the Red Sea and…
