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oil prices

Oil prices ease as trade row clouds demand outlook

29 days ago
BEIJING: Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures LCOc1…

Oil falls as Saudi, Russian output rises

3 months, 14 days ago
LONDON: Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States. Benchmark Brent crude oil fell $1.24 a barrel to a low of…

American Airlines warns of fare increases if oil remains high

4 months, 12 days ago
SYDNEY: American Airlines warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50 percent compared to the levels…

Oil jumps to highest since 2014 after U.S. quits Iran deal

5 months, 7 days ago
LONDON: Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. Ignoring pleas by…

IMF raises Saudi Arabian growth prospects over high oil prices

8 months, 25 days ago
DUBAI: The International Monetary Fund on Monday raised its growth projection for the deficit-hit Saudi economy on the back of higher oil prices but retained its estimates for the region. In its World Economic Outlook update, the IMF…

Pakistani rupee devaluation raises fuel price hike fears

10 months, 3 days ago
KARACHI: In backdrop of the falling value of Pakistani rupee against the US dollar in local market, prices of petroleum products are feared to increase in the coming days. The economists while talking on the repercussions of Pakistani…

Saudi Arabia in huge new bond sale to finance deficit

1 year, 18 days ago
RIYADH: Saudi Arabia on Thursday announced it had undertaken another multi-billion dollar bond sale to finance a persistent budget deficit left by low oil prices. The world's top crude oil exporter raised $12.5 billion (10.6 billion…