Doha: The US Energy Information Administration (EIA): The US Energy Information Administration (EIA) announced Friday that US crude oil production hit a record high month-on-month in March, reaching 13.488 million barrels per day (bpd), while demand f…
Doha: A US federal appeals court decided reinstated today the tariffs imposed by US President Donald Trump, just one day after a trade court had ruled to block those tariffs with immediate effect. The federal appeals court suspended the earlier ruling…
New York: Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the United States and as the market braced for a potential OPEC+ output hike. Brent crude futures slipped 26 cents, or 0.41%, to $63.89 a …
Doha: Gold prices declined on Friday and were headed for weekly loss amid a slight uptick in dollar, while investors awaited key US inflation data. Spot gold was down 0.4% at $3,303.51 an ounce. Bullion is down 1.6% so far this week. US gold futures f…