Page 41 - Arab Light News Today

Concerns about future of the global economy and rising COVID cases in China cause oil prices to fall.

LONDON: Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the globa...

As we head into the first month of 2023 in an ambivalent environment where supply tightness and recession fears pull the markets in different directions, Middle East oil producers proceed with caution

KSA proposes new measures, asks for policy incentives for oil refinery setup in Pakistan

Oil dropped to the lowest since last December as investors pared back crude positions amid a broader market sell-off.

Saudi Arabia, the worlds top oil exporter, cut the January official selling price (OSP) for its flagship Arab Light crude for Asian buyers on concerns over faltering demand and a potential increase i...

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of

A host of factors contributed to bearish sentiment within crude circles.

Market weighing long-term impact of latest restrictions placed on Russian crude

Brent for February settlement added 0.5% to $83.11 a barrel on the ICE Futures Europe exchange.