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Oil prices rise on OPEC+ output cut expectations

31 Mar 2021

Gulf Today Report Oil prices gained on Wednesday as investors focus on OPEC+ meeting set for tomorrow in which producers would largely extend their supply curbs to May. Brent...

Oil prices rise on hope of OPEC+ extending output cuts

30 Mar 2021

Gulf Today Report Oil prices gained on Tuesday as traffic bounced back through the Suez Canal after days of delay and investors keep an eye on OPEC+ meeting this...

Oil prices decline as the ship blocking Suez Canal starts moving

29 Mar 2021

Gulf Today Report Oil dropped beyond 2% on Monday after it was announced that salvage crews have been able to move the giant container ship blocking the Suez Canal....

Global equities, oil prices gain as Suez Canal shutdown continues

26 Mar 2021

Global equity benchmarks and oil prices rose on Friday while safe havens such as the dollar and US Treasuries dipped as hopes for a global economic recovery overshadowed the...

Oil steadies on stunt recovery due to European lockdowns

24 Mar 2021

Gulf Today Report Oil prices steadied on Wednesday after its previous day’s slump but fears of slow demand recovery due to new lockdowns in Europe capped the recovery. Brent...

Global equities, oil prices slide on rising concerns of pandemic in EU

23 Mar 2021

Global equity benchmarks and oil prices drifted lower on Tuesday while safe haven assets gained as an extended economic lockdown in Germany and US and European sanctions on China curbed...

Oil falls on new restrictions across Europe

23 Mar 2021

Gulf Today Report Oil prices declined on Tuesday by 1 per cent on worries about new pandemic restrictions and the slow pace of vaccine roll out will slow recovery...

Oil prices drop due to more European lockdowns

22 Mar 2021

Gulf Today Report Oil prices fell on Monday, declining around 1% on concerns about decrease in demand for fuel products due to more European lockdowns. Brent crude was down...

Saudi Aramco chief foresees higher oil demand this year

21 Mar 2021

Saudi Aramco’s Chief Executive expects rising oil demand in 2021, he said on Sunday, citing Chinese demand approaching pre-pandemic levels while vaccines help other economies to open up. “We are...

Oil prices decline on discouraging demand outlook

19 Mar 2021

Gulf Today Report Oil prices dropped on Friday as new wave of coronavirus sprang up across Europe leading to new lockdowns. US West Texas Intermediate (WTI) crude fell 4...

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