oil
Egypt to receive one million barrels of Basra light oil within days: ambassador
Business
January 11, 2017
Egypt to receive one million barrels of Basra light oil within days: ambassador
Iraqi Ambassador to Cairo Habib al-Sadr said an agreement has been signed to export one million barrels of Basra’s light…
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Business
January 3, 2017
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
Oil falls on firm dollar, profit-taking ahead of holidays
Business
December 23, 2016
Oil falls on firm dollar, profit-taking ahead of holidays
Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of…
Oil price eases to US$55 per barrel on stronger dollar
Middle East
December 19, 2016
Oil price eases to US$55 per barrel on stronger dollar
Oil prices edged down on Monday due to a renewed dollar rally but were still supported at levels of around…
Saudis order oil cuts to US, Europe before non-OPEC talks
Middle East
December 9, 2016
Saudis order oil cuts to US, Europe before non-OPEC talks
Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signaled that…
Oil rallies over $50 despite OPEC output cut doubts
Business
December 8, 2016
Oil rallies over $50 despite OPEC output cut doubts
Oil prices recovered above US$50 a barrel on Thursday, bouncing back from the week's lows as the dollar weakened against…
OPEC to meet non-OPEC producers on December 10 in Vienna: sources
Business
December 3, 2016
OPEC to meet non-OPEC producers on December 10 in Vienna: sources
OPEC will meet non-OPEC countries to finalize a global oil limiting pact on December 10 in Vienna, two sources told…
Egypt accepts six bids for oil and gas exploration
Business
December 3, 2016
Egypt accepts six bids for oil and gas exploration
Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the…
Oil prices, US dollar leap on OPEC deal news
Business
December 1, 2016
Oil prices, US dollar leap on OPEC deal news
Oil prices and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a recent…
Saudi Arabia wants OPEC to solve own problems before meeting non-OPEC
Business
November 27, 2016
Saudi Arabia wants OPEC to solve own problems before meeting non-OPEC
Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC…