Business / Energy

Oil posts weekly fall on tariff worry and rising supplies 27 Apr 2025 - 11:02 am

DOHA: Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff...

Oil prices post weekly gain on trade deal hopes 20 Apr 2025 - 10:37 am

Doha, Qatar: Oil prices saw a notable weekly gain as markets reacted positively to geopolitical and trade developments. Brent and US crude futures...

Oil declines 3% over new US tariffs 03 Apr 2025 - 10:19 am

Singapore: Oil prices declined three percent on Thursday in Asian trading after US President Donald Trump announced fresh sweeping tariffs investors fear will...

Oil prices rise for second consecutive week on expected tighter supply 23 Mar 2025 - 09:39 am

Doha, Qatar: Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh US sanctions on Iran and the...

Asian spot LNG price flat amid bearish Europe gas sentiment 09 Mar 2025 - 11:21 am

DOHA: Oil prices gained on Friday but retreated from session highs after US President Donald Trump threatened sanctions on Russia if it fails...

Oil prices fall on supply glut fears despite OPEC+ output cut extension 08 Dec 2024 - 10:36 am

Doha, Qatar:Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on...

Oil prices settles down 2% on receding hurricane risk 10 Nov 2024 - 10:41 am

Doha, Qatar: Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane...

Eight OPEC+ members extend oil supply cuts until end of December 03 Nov 2024 - 09:08 pm

Vienna: Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December....

Oil prices fall, weekly 7% drop on China demand woes 20 Oct 2024 - 09:13 am

Doha, Qatar: Oil futures fell on Friday, declining more than 7% on the week after data showed China’s economic growth slowed and investors...

Oil settles up, biggest weekly gains in over a year on Middle East war risk 06 Oct 2024 - 09:43 am

Doha, Qatar: Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of...

Oil ends week higher as investors take stock of Fed rate cuts 22 Sep 2024 - 10:16 am

Doha, Qatar: Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a US interest rate...

Iraq affirms commitment to OPEC policy regarding oil production 29 Aug 2024 - 11:43 pm

Baghdad: Iraqi Prime Minister Mohammed Shia al-Sudani affirmed his country's commitment to the Organization of the Petroleum Exporting Countries (OPEC) policy regarding oil...

Oil prices fall after unexpectedly rise in US crude inventories 15 Aug 2024 - 12:21 am

New York: Oil prices fell on Wednesday after a report showed that US crude inventories unexpectedly rose, while concerns about the impact of...

Oil settles at 8-month low after disappointing US job numbers 04 Aug 2024 - 10:24 am

DOHA: Oil prices fell on Friday, settling at their lowest since January after data showed the US economy added fewer jobs than expected...

Oil settles at one-month low on Gaza ceasefire hopes 21 Jul 2024 - 09:55 am

DOHA: Oil prices settled over $2 lower on Friday at their lowest level since mid-June as investors eyed a possible ceasefire in Gaza,...

Oil prices settle down after data shows weaker US consumer sentiment 15 Jul 2024 - 09:57 am

Doha, Qatar: Oil futures prices settled slightly lower on Friday as investors weighed weaker US consumer sentiment against mounting hopes for a Federal...

Oil eases on weak US fuel demand, profit taking 01 Jul 2024 - 10:18 am

Doha, Qatar: Oil prices fell on Friday as investors weighed weak US fuel demand and took some money off the table at quarter-end,...

Singapore shipper claims milestone with bio-methanol refuelling 27 May 2024 - 01:50 pm

Singapore: A Singapore shipping firm performed on Monday what it called the world's first simultaneous refuelling of a container ship with bio-methanol while...