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Brent prices are likely to rise toward USD 86.29 a barrel, the highest price it reached in 2018, while WTI may climb to USD 76.41.

Oil prices soar by about 3 per cent as plans US end to Iran sanction waivers

Brent crude futures rose as much as 3.3 per cent to USD 74.31 a barrel, the highest since November.

22 Apr 2019 10:54 AM

OPEC and its allies including Russia, known as OPEC+, will meet in June to decide whether to continue withholding supply.

Oil prices extend losses as oversupply worries drag

US West Texas Intermediate (WTI) crude futures were at USD 63.32 per barrel, down 8 cents, or 0.13 per cent.

16 Apr 2019 10:57 AM

Jeevan Arjoon, 29, bought the firecrackers from Little India shopping precinct and unlawfully lit them at 3.30 AM as Diwali night stunt on November 6, 2018. (Representational Photo/Pixabay)

Indian-origin man in Singapore jailed for unlawfully setting off Diwali fireworks

An Indian-origin man in Singapore has been jailed for three weeks and fined 5,000 dollars for setting off fireworks.

12 Apr 2019 11:07 AM

US West Texas Intermediate (WTI) crude futures were at USD 63.78 per barrel, up 20 cents, or 0.3 per cent.

Oil prices firm amid OPEC supply cuts, US sanctions on Iran and Venezuela

China and India comprise nearly 55 per cent of global demand growth.

12 Apr 2019 10:27 AM

World number 6 Sindhu will next face China's Cai Yanyan, a BWF World Junior Championships bronze medallist. (Photo: PTI)

Singapore Open 2019: Sindhu books quarterfinal berth

Sindhu took 39 minutes to get the better of world number 22 Mia 21-13 21-19.

11 Apr 2019 1:45 PM

The Rio Olympic silver medallist will next play Mia Blichfeldt of Denmark. (Photo: File)

Singapore Open: PV Sindhu moves into second round

Sindhu, seeded fourth, took just 27 minutes to get the better of her Indonesian rival 21-9 21-7 in a one-sided women's singles match.

10 Apr 2019 11:51 AM

Brent and WTI crude oil futures have risen by around 40 per cent and 30 per cent respectively since the start of the year.

Oil edges higher amid tightening global supply, gains capped by economic slowdown

US crude stocks rose by 4.1 million barrels in the week to April 5, to 455.8 million barrels.

10 Apr 2019 9:44 AM

Brent and WTI crude oil futures have risen by 40 per cent and 30 per cent respectively since the start of the year.

Oil slips from 5-month highs as economic worries counter tight market

International benchmark Brent futures touched their strongest level since last November at USD 71.34 per barrel.

09 Apr 2019 9:34 AM

Uber acquired a 27.5 per cent stake in Grab’s business.

Grab targets another USD 2 billion funding this year: CEO

Grab is also looking to make at least six investments or acquisitions this year.

08 Apr 2019 12:28 PM

Saudi Aramco world's biggest oil producer in 2018: Fitch

Saudi Aramco would buy a 70 per cent stake in Saudi Basic Industries Corp from the kingdom’s wealth fund for USD 69.1 bn.

01 Apr 2019 9:53 AM

OPEC+ pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up markets.

Oil prices set for biggest first-quarter gain since 2009 on US sanctions

Brent crude oil futures were up 30 cents, or 0.4 per cent, at USD 68.12 per barrel.

29 Mar 2019 11:16 AM

Global yields have declined in recent weeks, dragged down by the US Federal Reserve's recent dovish pivot.

Positive catalysts to benefit rupee bonds, but sharp rally in 10-year bonds unlikely

FPIs bought a net debt of USD 1.6 billion this month, in addition to USD 4 billion into equities.

27 Mar 2019 11:12 AM

All the passengers were disembarked safely and had to undergo a security check. (Representational Image)

Mumbai-Singapore plane makes emergency landing after bomb hoax

A Singapore Airlines flight carrying 263 passengers landed safely in Singapore on Tuesday, after the pilot had raised a bomb threat.

26 Mar 2019 12:01 PM

Garuda Indonesia planned to cancel its order for 49 737 MAX jets citing a loss of passenger trust after the crashes. (Photo: AP)

Boeing invites pilots to briefing as it looks to return 737 MAX to service

The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval.

25 Mar 2019 3:03 PM

Despite a more than a quarter increase in crude prices this year, Canadian investment bank RBC Capital Markets said oil was “still below the fiscal breakeven level in a number of OPEC countries”, meaning that many producers have an interest in further propping up the market. (Photo: File | PTI)

Oil prices near 2019 highs amid OPEC supply cuts, US sanctions

Petroleum prices have been propped up by supply cuts by the OPEC and OPEC+.

22 Mar 2019 10:23 AM

OPEC scrapped its planned meeting in April, effectively extending supply cuts that have been in place since January until at least June.

Oil near 2019 highs on OPEC supply cuts, US sanctions

Brent crude oil futures were up 10 cents at USD 67.64 per barrel, also close to this year’s peak of USD 68.14 reached late last week.

19 Mar 2019 10:44 AM

Brent crude oil futures were at USD 67.03 per barrel at 0231 GMT, down 13 cents, or 0.2 per cent.

Oil slips on economic slowdown, but OPEC-led cuts still support

OPEC’s de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were still high.

18 Mar 2019 10:25 AM

Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia - known as the OPEC+ alliance - pledged to withhold 1.2 million barrels per day (bpd) in crude supply from the start of the year to tighten markets and prop up prices. (Photo: File | PTI)

Oil prices firm as supply deficit emerges amid disruptions

OPEC+ will meet in Baku, Azerbaijan, over the weekend to review its output policy, although most expect the cuts to continue for now.

15 Mar 2019 10:49 AM

Airlines in the Asia/Pacific region posted a demand increase of 7.1 per cent in January, compared to the same month last year.

Asian jet fuel profit margins hit over eight-month low on weak demand

Jet fuel cracks have shed about 9 pc in the last 1 week, and are currently about 7 pc weaker than this time last year.

13 Mar 2019 2:16 PM

It comes as airlines around the world remove the model from their schedules. (Photo:AP)

Singapore bans use of Boeing 737 MAX in its airspace

Singapore's aviation regulator banned the use of Boeing 737 MAX aircraft in the country's airspace after a deadly Ethiopia plane crash.

12 Mar 2019 10:41 AM

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Shobhaa De