Georgetown: Oil prices turned lower on Thursday after paring their early gains, as traders took profits. Brent crude futures slipped 24 cents, or 0.28%, to $84.95 a barrel, while US West Texas Intermediate futures were down 15 cents, or 0.19%, to $79….
Seoul: South Korea’s central bank delivered a quarter-percentage-point interest rate hike Thursday, as widely expected, to tackle high inflation amid lingering Middle East uncertainties. The Bank of Korea (BOK) convened a Monetary Policy Board meeting…
Doha: Libya’s Akakus Oil Operations announced that it has achieved the highest daily crude oil production rate in July since 2014, with a production volume of approximately 332,056 barrels per day.
According to Qatar News Agency, the increase in pr…
Doha: Oil prices tumbled on Wednesday, with Brent crude futures falling $1.11, or 1.31%, to $83.62 a barrel, while US West Texas Intermediate (WTI) crude futures shed 81 cents, or 1.02%, to $78.53 a barrel. The drop in prices comes after oil prices ha…