Business / Energy

Oil dips on US jobs data, steepest weekly loss in three months 05 May 2024 - 07:49 pm

DOHA: Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak US jobs data...

QatarEnergy signs TCP agreements with 4 international shipowners to operate 19 new vessels 31 Mar 2024 - 05:23 pm

Doha, Qatar: QatarEnergy signed long-term time charter party (TCP) agreements with four international shipowners for the operation of 19 new, ultra-modern conventional size...

Oil drops slightly on China demand concerns 21 Jan 2024 - 10:17 am

Doha, Qatar:Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset...

Oil demand growth to halve in 2024: IEA 19 Jan 2024 - 10:55 am

Paris: World Oil supply will continue to rise this year, the International Energy Agency said yesterday, as it predicted that demand growth would...

Oil climbs 1% as tankers avoid Red Sea 14 Jan 2024 - 10:17 am

Doha, Qatar:Oil rose 1 percent on Friday as an increasing number of oil tankers diverted course from the Red Sea following overnight air...

Oil prices settle higher on Middle East tensions, Asian spot LNG price dips 07 Jan 2024 - 09:59 am

Doha, Qatar: Oil prices settled higher on Friday as US Secretary of State Antony Blinken began a week-long sweep through the Middle East...

Oil prices shed 10% in 2023 as supply and demand concerns weigh 31 Dec 2023 - 09:06 am

Doha, Qatar:Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil...

Oil prices settle lower ahead of OPEC+ decision 27 Nov 2023 - 09:34 am

Doha, Qatar:Oil fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium. Brent crude futures settled down...

Oil jumps 4% after week-long selloff 19 Nov 2023 - 09:01 am

Doha, Qatar: Oil prices jumped more than 4% on Friday, rebounding from a four-month low hit in the previous session, as investors who...

Oil posts weekly loss as geopolitical risk premium recedes 05 Nov 2023 - 09:06 am

Oil prices settled more than 2% lower on Friday as supply concerns driven by Middle East tensions eased, while jobs data raised expectations...

Asia spot prices steady on heating demand support 29 Oct 2023 - 08:50 am

Doha, Qatar: Oil prices climbed about 3% to a one-week high on Friday on worries that tensions in Israel and Gaza could spread...

Oil rises for sixth straight week as global supplies tighten 06 Aug 2023 - 08:57 am

Doha, Qatar:Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers...

Oil rallies for 4th straight week on tightening supply 23 Jul 2023 - 08:25 am

Doha, Qatar:Oil prices rose nearly 2 percent on Friday to record a fourth consecutive weekly gain, buoyed by growing evidence of supply shortages...

Oil prices fall on profit-taking, still record weekly gain 16 Jul 2023 - 08:29 am

Doha, Qatar: Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from...

OPEC expects global oil demand to rise to 110 million barrels per day 27 Jun 2023 - 08:54 am

Kuala Lumpur:The Organization of the Petroleum Exporting Countries (OPEC) expected global oil demand to rise to 110 million barrels per day (bpd) by...

Pakistan receives first shipment of discounted crude from Russia 12 Jun 2023 - 06:23 pm

ISLAMABAD: Under a key deal between Islamabad and Moscow, the Pakistani government on Monday welcomed the arrival of the first shipment of discounted...