Oil steady as markets weigh Fed rate cut expectations, Chinese demand

Oil steady as markets weigh Fed rate cut expectations, Chinese demand

Iraq, Saudi, Russia stress need for stable oil market

Iraq, Saudi, Russia stress need for stable oil market

Iran's president says subsidised fuel prices are irrational

Iran's president says subsidised fuel prices are irrational

JI Emir Hafiz Naeem hopeful of successful strike today

JI chief demands that agreements with IPPs should be revoked to facilitate public

Oil falls on weak China demand concerns, Mideast ceasefire talks

U.S. gasoline stocks dropped by 5.6 million barrels.

Oil settles at one-month low on Gaza ceasefire hopes

A stronger US dollar also played a role in latest dip

Govt all set to drop another petrol bomb on inflation-battered people

Petrol price expected to raise by Rs7.67 per litre, high-speed diesel by Rs3.72 per litre

Oil prices up over 3pc for the week

Strong dollar, mixed global economic news made Brent and WTI some of the gains on Friday

Oil up 4pc for the week after solid demand forecasts

It is highest weekly increase since April

Oil down for third week on a row amid deflated US rate cut expectations

ECB rate cut had spurred hopes for similar Fed action

Oil on a slide despite extension in OPEC+ production cuts

Brent was down 3.4pc and WTI 3.6pc on Monday despite OPEC+ continuing with supply cuts

OPEC+ extends oil production cuts deep into 2025

Tepid demand growth, high interest rates and rise in pumping by the US are the reasons

Oil down ahead of OPEC+ meeting, posts weekly loss

Market under pressure over the prospect of US interest rates staying higher for longer

Petroleum prices to go down? Iran plans to raise oil output to 4m barrels per day

Report comes after UAE boosts its production capacity to 4.85m from 4.65m

Oil gains 1pc on hopes of firmer demand

Brent posts first weekly gain in three weeks

Chinese companies win more bids to explore for Iraq oil and gas

Chinese companies win more bids to explore for Iraq oil and gas

Iraq won't agree to new OPEC+ oil production cuts: Minister

US energy secretary will Saudi Arabia and UAE next week

Iraq hopes oil reserves will exceed 160 bn barrels

Iraq hopes oil reserves will exceed 160 bn barrels

Oil falls on prospect of higher-for-longer US interest rates, stronger dollar

Dallas Federal Reserve President Lorie Logan says policy may not be tight enough

Oil down on rising US stockpiles, cautious supply expectations

Expert believes OPEC+ will reverse production cuts from July which will further reduces prices

Oil falls for a third day amid easing Middle East tensions, increased production

US crude inventories rise 4.906m barrels in the week ended April 26

Oil prices up for the week on supply concerns, but economic woes subdue gains

Persistent US inflation means Federal Reserve isn't going for rate cuts soon

Russia cuts oil price forecast to $65 per barrel in 2024-27

Natural gas prices for exports to EU, Turkey and China also revised downward

Refineries against fuel price deregulation which Ogra says will boost competition

A letter reads that they require protection through ‘pragmatic and supportive measures’

Oil down over 3pc during the week despite Israel-Iran tensions

The IMF expects OPEC+ to begin increasing output from July

Oil posts weekly loss after nearing a six-month high

IEA trims 2024 demand growth view; Concerns prevail over slower US interest rate cuts

Pakistan consumers may face the brunt as oil prices up over 4pc in a week

US economy added 303,000 jobs last month, which may delay Federal Reserve interest rate cuts

OPEC oil output falls in March, led by Iraq

OPEC oil output falls in March, led by Iraq

Saudi oil giant Aramco profit stood at $121bn last year, down from 2022 record

Crown Prince Mohammed bin Salman hopes to use the oil wealth to pivot the kingdom off oil sales

Oil posts nearly 2pc weekly loss as markets weigh Chinese demand

OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts

OPEC+ oil output cuts extended to second quarter

Move is led by Saudi Arabia and Russia

Oil makes more weekly gains as OPEC+ is expected to continue production cuts

US economic data reinforces market bets for interest rate cut

Brent down 2pc, WTI falls over 3pc as US rate cut hopes dim

Fed governor sees 'no rush' to slash interest rates

Greek farmers take tractors to Athens

Greek farmers take tractors to Athens

Brent and WTI prices up for the week amid Middle East tensions

Gains come despite IEA trimming oil demand growth forecast

Petrol price up by Rs2.73 per litre

New price of petrol is Rs275.65 and diesel Rs287.33 per litre

Shell expects 50pc rise in LNG demand by 2040

OPEC Secretary general believes long-term demand outlook is robust

Oil little changed as demand concerns offset Middle East tensions

Oil little changed as demand concerns offset Middle East tensions

India will be world's biggest oil demand growth driver through 2030

India will be world's biggest oil demand growth driver through 2030

Oil, gas and IT stocks lead rise in Indian shares

Oil, gas and IT stocks lead rise in Indian shares

Saudi Arabia orders Aramco to lower oil capacity target

Morgan Stanley analysts say the move could reflect less increase in oil demand than expected

Oil record weekly gain over Middle East tensions, global economy woes

IEA lifts demand growth forecast, expects well supplied market

Oil prices down for the week despite Red Sea developments

China buys record levels of crude in 2023

Oil prices rise 2pc after US, Britain strikes in Yemen

The benchmarks were adding to gains of nearly 1% from the day before

Saudi Arabia saying good bye to oil?

Saudi Arabia saying good bye to oil?

Rising prices cap India's thirst for Russian oil

Rising prices cap India's thirst for Russian oil

Oil falls over 3pc as Saudi price cuts add to demand doubts

Force majeure declared at Libyan oilfield

Brent up $1.74, WTI $2.16 during the week amid Middle East tensions

Maersk diverts vessels from Red Sea for foreseeable future

Oil prices rise on Middle East tensions

Oil prices rise on Middle East tensions

Oil prices shed 10pc in 2023 as supply, demand concerns weigh

According to a forecast, Brent crude will average $82.56 next year

Oil continues slipping as ships return to Red Sea

US government data on stockpiles is due later in the day

Payment woes delay supply of Russian Sokol oil to India

Payment woes delay supply of Russian Sokol oil to India

Russia exports almost all its oil to China and India

Russia exports almost all its oil to China and India

Oil steadies as investors eye Middle East tensions and US rate cut

Oil steadies as investors eye Middle East tensions and US rate cut

Congo reaffirms commitment to OPEC

Statement comes Angola decided to leave the oil cartel

First output from Venezuela's Dragon gas field expected in 2 years

First output from Venezuela's Dragon gas field expected in 2 years

Oil posts around 3pc weekly gain as Red Sea attacks increase shipping costs

Major shippers impose extra charges; China could invest in Angola's oil output

Angola leaves OPEC, in blow to producer group

Angola leaves OPEC, in blow to producer group

ING to ditch upstream oil and gas by 2040

ING to ditch upstream oil and gas by 2040

OPEC+ influence is waning as prices flag despite oil production cuts

Analysts say lack of unity has fuelled scepticism; its market share has dropped to 51pc

Saudi Arabia's crude exports rise to four-month high in October

Saudi Arabia's crude exports rise to four-month high in October

Oil edges lower as US launches Red Sea task force

Oil edges lower as US launches Red Sea task force

Oil rises on Red Sea jitters, ample supply weighs

Oil rises on Red Sea jitters, ample supply weighs

US-Europe to talk Russia oil price cap enforcement

US-Europe to talk Russia oil price cap enforcement

India to buy Venezuelan oil

India to buy Venezuelan oil

Oil manages to escape weeks-long streak of losses with slight gains

Friday saw an over $1 a barrel tumble initially before Brent, WTI recovered most of the lost ground

Oil slips as weak sentiment counters Middle East tensions

Oil slips as weak sentiment counters Middle East tensions

Oil prices hold steady, propped up by US purchases

Oil prices hold steady, propped up by US purchases

Oil down for seventh consecutive week, Brent settles at $75.84

Saudi Arabia, Russia call for all OPEC+ members to join supply cuts

China oil demand seen peaking by 2030

China oil demand seen peaking by 2030

Oil falls 4pc as build in gasoline stocks fuel demand concerns

Despite the OPEC+ supply curbs, prices have slipped nearly 11pc since the settlement on Nov 29

How would Canada's proposed oil and gas emissions cap work?

How would Canada's proposed oil and gas emissions cap work?

Oil prices continue slipping amid global economic uncertainty

Previous session saw WTI sliding for fourth consecutive day for the first time since May

US, allies pressure Liberia, Marshall Islands, Panama over Russia oil sanctions

US, allies pressure Liberia, Marshall Islands, Panama over Russia oil sanctions

Oil prices well below $80, fall more than 2pc despite OPEC+ cuts

US Fed to move carefully on interest rates; Global manufacturing data sluggish in November

Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus

Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus

India's oil imports from Russia

India's oil imports from Russia

Oil inches up, all eyes on OPEC+ meeting

Oil inches up, all eyes on OPEC+ meeting

Gabon seeks to preempt $1.3 bln sale of Carlyle's oil business

Gabon seeks to preempt $1.3 bln sale of Carlyle's oil business

Currency clashes sour Russia's oil trade with Asia

Currency clashes sour Russia's oil trade with Asia

Oil prices: Brent down 1pc, WTI decline 2pc to close the week

OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels

Oil retreats on caution ahead of OPEC meeting

Oil retreats on caution ahead of OPEC meeting

China resumed storing crude oil

China resumed storing crude oil

Oil edges up on expectations of further OPEC supply cuts

Oil edges up on expectations of further OPEC supply cuts

American arrested in Venezuela just days after Biden administration eases oil sanctions

American arrested in Venezuela just days after Biden administration eases oil sanctions

Most Gulf markets gain on rising oil prices

Most Gulf markets gain on rising oil prices

Oil prices down for fourth week in a row despite 4pc gain on Friday

OPEC+ considers additional oil supply cuts; US oil rig count rises in biggest weekly hike since Feb

Oil prices slip on US crude build and China demand worries

Oil prices slip on US crude build and China demand worries

Govt reduces petrol price by Rs2.04, HSD by Rs6.47

The new prices of petrol and HSD will be Rs281.34 and Rs296.71 per litre, respectively

Oil dips on prospect of peak US production

Oil dips on prospect of peak US production

Denmark could block tankers with Russian commercial oil

Denmark could block tankers with Russian commercial oil

IEA raises oil demand growth forecasts

IEA raises oil demand growth forecasts

Iran's expanding oil trade with top buyer China

Iran's expanding oil trade with top buyer China

Russian oil shaves India's import costs by about $2.7 bln

Russian oil shaves India's import costs by about $2.7 bln

Possible effects on Pakistan? Oil prices fall to over three-month low

Mixed Chinese economic data raised worries about global demand

Russian oil price for India eased in September vs Aug

Russian oil price for India eased in September vs Aug

Saudi Arabia, Russia to continue additional voluntary oil cuts

A June decision by OPEC+ already limits supply into 2024 with the alliance due to meet on Nov 26

Oil prices down 6pc in a week as supply disruption fears ease

US job data raise expectations that Federal Reserves won’t go for another rate hike

Russia sees oil and fuel exports down

Russia sees oil and fuel exports down

Nigeria brings major Dangote refinery to life with own oil supply

Nigeria brings major Dangote refinery to life with own oil supply

World Bank sees oil price dipping to $81 next year, but Middle East war can be a spoiler

Worst case scenario due to an expanded conflict may spike the prices to $140-$157 range

India's oil imports from Russia fall in October

India's oil imports from Russia fall in October

Oil rises but weak China data caps prices

Oil rises but weak China data caps prices

Oil falls more than 1% on bleaker economic outlook

Oil falls more than 1% on bleaker economic outlook

Hamas releases US hostages, oil drops

Hamas releases US hostages, oil drops

Oil and gold benefit from Middle East turmoil

Strong US data points to high interest rates to stay

Oil dips below $90 a barrel as US agrees Venezuela deal

Oil dips below $90 a barrel as US agrees Venezuela deal

BRT outstanding arrears: Private company issues notice of suspension

Company wants immediate release of Rs 56 crore

Russia, Saudi Arabia discuss oil market, prices amid Israel-Hamas war

Russia, Saudi Arabia discuss oil market, prices amid Israel-Hamas war

Oil prices plunge on investor caution as market eyes ME turmoil

Brent crude fell 30 cents, or 0.3pc, to $87.85 a barrel by 0330 GMT

Brent retreats to $86.71 after over 4pc spike during early trading

Current price is still below $97.69 per barrel recorded on Sept 28

Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments

Three top OPEC nations call for not to stigmatise oil and gas

Pakistan records over 37pc inflation last week

Among 51 items, prices of 19 goods increased, 16 decreased, and 16 remained unchanged

Brent down 11pc as oil prices post biggest weekly decline since March

Fears of slow economic growth and demand amid persistent high interest rates are the reasons

Oil on track for sharpest weekly decline since March

Brent futures were up 36 cents, or 0.4pc, at $84.43 at 0147 GMT

Oil down more than $5 as US data shows weak demand for gasoline

A 30pc spike in fuel prices in the third quarter of this year depressed demand

OPEC+ panel maintains oil policy as Saudi Arabia, Russia keep cuts

Prices have come under pressure in recent days over interest rates and weaker economic growth

Oil edges lower on strong US dollar, mixed supply cues

Brent futures dipped 30 cents to $90.41 a barrel by 0849 GMT

Successive governments trapped nation in IMF loans: Hafiz Naeem

Working class paid Rs264 billion while Rs 4 billion were contributed by rich: JI leader

OPEC+ cuts to tighten oil market sharply in fourth quarter: IEA

Broader economic concerns amplified by worries that interest rates will remain high in the US

Riyadh and Moscow extend production cuts, G7 shelves regular Russian oil cap reviews

Benchmark Brent oil futures are trading at their highest this year at above $90 a barrel

Caretaker PM Kakar for good roads to access resources

Caretaker PM Kakar for good roads to access resources

FBR freezes PIA bank accounts over unpaid taxes

FBR and PIA are at loggerheads since July

Russia faces domestic fuel crunch

Braces for more shortages

IMF seeks plan from Pakistan to provide relief to power consumers

Further dialogue will be held between FBR and IMF

Oil rises on US stockpile draw and hurricane jitters

Brent crude futures for October rose by 42 cents, or 0.49%, to $85.91 a barrel by 0748 GMT

Protests erupt in Syria's Druze city over fuel hikes

Protests erupt in Syria's Druze city over fuel hikes

Lawmakers urge Biden to resolve offloading delay of seized Iran oil tanker

Lawmakers urge Biden to resolve offloading delay of seized Iran oil tanker

Colombia's potential renewables boom short circuits on Indigenous resistance

Colombia's potential renewables boom short circuits on Indigenous resistance

Oil slips as China sours sentiment

Oil slips as China sours sentiment

Oil nudges up as China cuts policy rates to support economy

Brent crude futures rose 11 cents, or 0.1%

Most Gulf markets in red as China woes linger, oil falls

Most Gulf markets in red as China woes linger, oil falls

Oil steadies as China worries counter supply cuts

Brent crude futures slipped 35 cents to $86.46 a barrel by 1027 GMT

IEA warns of higher oil prices amid OPEC+ supply cuts

Says reduction collided with improved macroeconomic sentiment, all-time high world demand

Oil prices ease as bearish China data fuels demand concerns

China's oil imports in July fell 18.8% from the previous month to the lowest daily rate since Jan

Oil slips as weak China data offsets tightening supply

Oil slips as weak China data offsets tightening supply

Oil prices edge up as production cuts keep market supported

Russia also said it would cut oil exports by 300,000 barrels per day in September

Saudi Arabia hikes most September oil prices to Asia

Saudi Arabia said that the voluntary oil output cut of 1M BPD would be extended to include September

Oil rises for 6th straight week as global supplies tighten

Saudi Arabia on Thursday extended a voluntary oil production cut of 1 million barrels per day

Oil prices set for sixth weekly gain as producers pledge output cuts

Brent on Thursday clawed back a 2% drop in the Wednesday session

Oil prices rise more than 1pc after sharp drop in US crude stocks

Analysts expect Riyadh to extend its 1m bpd voluntary oil output cut for another month

Oil holds near three-month high on signs of tightening supply

Brent crude futures for October were at $85.25 a barrel

Oil inventory drops set stage for higher prices

The declines have also been skewed more towards fuel than crud

Oil on track for biggest monthly gains in over a year

Brent crude futures dipped 9 cents to $84.90 a barrel by 0005 GMT

Oil prices open lower on demand concerns, remain on track for weekly gain

Oil rose last session as fears of a global economic slowdown were eased by strong earnings reports

Oil up as supply tightness view offsets concerns from rate hikes

Oil prices edged lower on Wednesday as U.S. crude inventories fell less than expected

Oil prices ease after build in US crude stockpiles

Saudi oil exports fell almost 40pc in May from the same period a year ago

UN starts removing oil from decaying tanker near Yemen in Red Sea

UN starts removing oil from decaying tanker near Yemen in Red Sea

Oil rallies for fourth straight week on tightening supply

US energy firms this week reduced the number of oil rigs by seven, their biggest cut since early Jun

Oil settles higher amid low crude stocks, cautious economic outlook

Previously, prices fell after data showed U.S. inventories fell less than analysts expected

Oil prices open lower on dollar strength, profit-taking

U.S. crude inventories fell by 708,000 barrels in the last week to 457.4 million barrels

Oil prices up on China economic support pledge, tighter supply

Russia will reduce its oil exports by 2.1 million tons in the third quarter

Oil prices inch up as US crude supplies seen tightening

U.S. shale oil production is projected to fall to nearly 9.40 million barrels per day in August

Oil slides more than 1pc as Chinese GDP dents demand hopes

Two of three Libyan fields have resumed output; Russian oil exports from western ports set to fall

Oil prices fall on profit-taking, still record weekly gain

Oil prices gained nearly 2% on a weekly basis

OPEC sees 2.2pc oil demand growth in 2024 despite headwinds

OPEC's demand growth forecast for 2024 is double that of the International Energy Agency

IEA trims 2023 oil demand forecast on economic headwinds

Oil demand growth is set to halve next year to 1.1 million bpd

Pakistan negotiating second cargo of discounted Russian crude

Mr. Malik did not disclose the quantity of oil under discussion for the second consignment

Oil prices rise in early trade as US inflation cools

Oil prices rise in early trade as US inflation cools

UAE's revised energy strategy includes big hydrogen plans

UAE's revised energy strategy includes big hydrogen plans

Russia, Gulf top diplomats say OPEC+ efforts stabilize global oil market

They also emphasized the importance of unhindered access to global markets for food and fertilizers

Oil dips $1 on interest rate fears, but OPEC+ cuts limit fall

Oil dips $1 on interest rate fears, but OPEC+ cuts limit fall

Oil prices up 3% to 9-week high on supply concerns

That was the highest close for Brent since May 1 and WTI since May 24

Saudi Arabia hikes most August oil prices to Asia after supply cuts

Saudi Arabia announced it would draw out its 1 million bpd voluntary cut to oil in August

Oil prices steady as rate hike fears offset signs of tightening supply

U.S. crude stocks drew more than expected on strong refining demand

Shell CEO calls it 'irresponsible' to cut oil production now

Shell CEO calls it ‘irresponsible’ to cut oil production now

US crude oil gains on supply cuts, focus shifts to holiday demand

U.S. crude stocks fell by about 4.4 million barrels last week, while gasoline and distillate invento

Saudi Arabia says new oil cuts show teamwork with Russia is strong

OPEC+ to do whatever necessary to support market; Saudi-US relations strained by oil policy, Russia

Oil prices ease as worries over global economic slowdown weigh

Saudi Arabia said it would extend its voluntary output cut of 1 million barrels per day to August

Oil steady as markets weigh supply cuts against weak economic data

The oil benchmarks had settled down about 1% in the previous session

Oil prices slip on global economic slowdown fears

OPEC output dips in June ahead of Saudi cut; US buys 3.2m barrels of oil for SPR

Oil settles higher but posts fourth straight quarterly decline

Benchmark Brent crude settled up 56 cents, or 0.8%, at $74.90

Oil prices ease on fears of more rate hikes denting fuel demand

Top central banks on Wednesday stressed further policy tightening to tame high inflation

Oil ticks up as drop in US crude and gasoline stocks exceeds view

Crude stocks fell by about 2.4 million barrels in the week ended June 23

Oil nudges higher as supply worries offset concerns about demand

Prices were down 3.6pc last week over the likely US rate hikes

Oil climbs on concerns Russia political issues may impact supply

Goldman Sachs analysed markets may price a moderately higher probability due to Russia’s politics

As fuel taxes plummet, states weigh charging by the mile

As fuel taxes plummet, states weigh charging by the mile

Oil dips on demand worries as more rate hikes likely

Brent dropped about $3 after England raised interest rates, more U.S. interest rate hike are likely

Oil resumes slide on demand worries after UK rate hike

Brent futures slipped 51 cents, or 0.4%, to $73.76 a barrel

Oil steadies after sliding on UK rate hike

The market is now waiting for the release of Purchasing Managers Indexes around the world on Friday

Oil plunges 4pc as interest rate hikes outweigh lower oil supplies

US crude inventories fell by 3.8 million barrels in the last week to 463.3 million barrels

Oil steady Thursday morning as dip in US crude stocks offsets demand fears

Fed's Powell hints at further rate hikes; US dollar ticks up against a basket of currencies

US oil stocks at Cushing delivery hub hit 2-year peak

A spate of unexpected refinery outages in the Midwest have added to the inventories

Oil gains for the week as supply cuts balance demand concerns

Russian Minister Nikolai Shulginov says it is realistic to reach oil prices of around $80 a barrel

OPEC+ oil output cuts are non-political: Putin

Says Moscow is shifting away its oil and gas trade away from Europe

Iran's oil exports hit 5-year highs as US holds nuclear talks

Iranian crude exports exceeded 1.5 million barrels per day (bpd) in May to highest since 2018

Oil gains for the week as supply cuts balance demand concerns

Oil has gained this week on hopes of growing Chinese demand

Oil prices dip, pausing after previous session's surge

Chinese demand for oil is expected to keep climbing at an assured rate during second half of year

Oil drops 1.5pc as US projects more rate hikes this year

US crude oil stocks rose by about 8 million barrels in the week ended June 9

Oil prices dip after unexpected rise in US crude stocks

Government data on stockpiles is due later in the day

Oil prices settle more than 3% higher after China rate cut

Brent crude futures rose by $2.45, to $74.29/barrel whereas WTI crude gained $2.30 to $69.42/barrel

Russia's Novatek developed its own LNG-producing technology

Russia's Novatek developed its own LNG-producing technology

Musadik mocks PTI for US conspiracy theory, says Russian oil has reached Pakistan

Says draft agreement for LNG import from Azerbaijan awaits cabinet approval

Oil prices inch higher on bargain hunting ahead of Fed rate decision

Brent crude futures climbed 16 cents, or 0.2%, to $72.00 a barrel