oil
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Business
Russia announces deal to boost oil supplies to India
Moscow: Russian energy giant Rosneft announced a deal on Wednesday to ramp up oil sales to India, as Moscow seeks…
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Business
Saudi, UAE say oil demand not going away, days before COP27 climate talks
ABU DHABI: Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production on…
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Business
OPEC+ agrees oil output cut to prop up prices
VIENNA: The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as…
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Business
OPEC projects world oil demand to hit 103 m. bpd in ’23
VIENNA: The Organization of the Petroleum Exporting Countries (OPEC) projected the growth of world oil demand at 2.7 million barrels…
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Business
OPEC crudes’ basket down by USD 2.03 pb
Vienna: The price of OPEC’s basket of oils went down by USD 2.03 to reach USD 115.61 per barrel on…
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Biden says all Gulf states should increase oil production
MADRID: US President Biden said Thursday he will not directly ask Saudi leaders to produce more oil during a planned…
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Business
Kuwait crude oil up USD 3.62 Mon. to USD 114.48 pb – KPC
Kuwait: Kuwait crude oil gained USD 3.62 during Monday’s trading session to reach USD 114.48 per barrel (pb), compared with…
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Business
US says G7 advancing on drafting Russian oil price cap plan
Elmau Castle: G7 nations on Monday ratcheted up economic pressure against Moscow with progress in talks on capping Russian oil…
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Business
Kuwait oil falls to USD 110.81 pb – KPC
Kuwait: The price of Kuwaiti oil went down by 15 cents to USD 110.81 per barrel on Thursday, compared with…
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Business
Kuwait oil dips by USD 5.16 to USD 110.96 pb – KPC
Kuwait: The price of Kuwaiti oil plunged by USD 5.16 to USD 110.96 per barrel on Wednesday, compared with USD…
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Business
China’s oil imports from Russia jump 55% on-year: customs
Beijing: China’s imports of oil from Russia rose 55 percent in May, customs data showed on Monday, with the West…
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Business
Equities rise as Powell soothes rate fears
HONG KONG, China: Stocks rose yesterday after Federal Reserve chief Jerome Powell said the bank would hike interest rates gradually…
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