Al-Jaber: With 17 billion dollars, Kingdom is 1st Yemeni people supporter

The Saudi ambassador to Yemen, Mohammed Al Jaber, considered Monday evening, the Donors' Conference for Yemen for the year 2020 as a continuation of the Kingdom's continuous efforts to serve the Yem

Houthis say coalition "cruelly" detains oil, food vessels

The Saudi-led coalition detains oil and food vessels, the Houthi group said Thursday, dismissing the action as a sign of lack of seriousness in peace talks."Persistent detention of ships, with the a

Asian shares rise as US stock futures breache major chart barrier

Reuters news agency reported that Asian shares forged ahead on Tuesday while US stock futures breached a major chart barrier as investors looked past Sino-US trade tensions to more stimulus in China

Asian shares rise, China-US trade relations in focus

Reuters news agency reported that Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world’s two biggest econom

33 Chinese companies added to US blacklist in latest Beijing rebuke

Reuters news agency reported that the United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population o

WTO needs to name new leader

Reuters news agency reported that against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resil

Steady oil prices as economic worries offset signs of firmer demand

Reuters news agency reported oil prices held steady on Wednesday despite signs of improving demand and a drawdown in US crude inventories, as worries over the economic fallout from the coronavirus p

Asia stocks rise on hopes of vaccines, oil fall after early gains

Reuters news agency reported Asian shares extended gains on Tuesday as more countries emerged from their economic lockdowns and a successful early-stage trial of a coronavirus vaccine cheered sentim

Oil climbs by over $1 ahead of June WTI contract expiry

Reuters news agency reported that oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing coronavirus curbs, with U.S. o

Oil prices rise as demand shows signs of picking up

Reuters news agency reported that US crude prices jumped 7% on Friday to their highest since March, on strengthening fuel demand as countries around the world eased travel restrictions they had impo

Oil prices down 2% despite a sudden drop in US crude stocks

Oil prices are down about 2% on Wednesday despite the first decline in US crude inventories since January, as the US Federal Reserve chairman stoked demand fears with a solemn address warning the ec

Oil prices fall as fears of second coronavirus wave take hold

Reuters news agency reported that oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronaviru

Oil futures rise as Saudi Arabia commits to deeper production cuts

Reuters news agency oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has

Oil falls over 1% on supply glut, fears of 2nd Covid-19 outbreak wave

Reuters news agency reported that oil prices fell more than 1% on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cut

Crude oil prices to resume down move

Crude oil prices snapped higher after suffering shocking losses and setting a record low just over two weeks ago, clearing resistance guiding them downward since the beginning of the year, DailyFX r

QNA: Qatar Petroleum crude prices for April fell by more than 51 percent vs March

The state-news agency QNA reported on Saturday, citing the company that Qatar Petroleum’s prices for April dropped by more than 51 percent for the Qatar Land and Marine crudes, compared to Mar

Oil prices on course for 2nd consecutive week of gains as more countries moved ahead

Reuters news agency reported oil prices rose on Friday and were on course for a second consecutive week of gains as more countries moved ahead with plans to relax economic and social lockdowns put i

Steady oil prices as China imports rebound but glut weighs

Reuters news agency reported that Oil prices steadied on Thursday as data showed China’s crude imports rebounded, but market watchers expect gains to be capped by the glut in supplies as the c