Trump to discuss ways to help industry “ravaged” on coronavirus, Saudi Arabia- Russia war

Reuters news agency reported US President Donald Trump said he has invited US oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand d

Mixed crude oil prices as US inventory build-up heightens oversupply concerns

Reuters news agency reported that crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as d

Shares under pressure after biggest quarterly drop since 2008

Reuters News agency reported that Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decl

Crude oil benchmarks fall as pandemic darkens demand outlook

Reuters News Agency reported that crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as fears grew over the coronavirus pandemic eroding demand and the S

Houthis confirm their readiness to pay salaries, but on one condition

اضغط هنا لقراءة الخبر بالعربية Ansar Allah group (Houthis) announced, on Friday evening, that it is ready to pay the salaries of all employees registered in the official r

Oil prices fall posting 5th straight weekly loss despite stimulus efforts

Reuters News Agency reported that the oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymak

Mixed oil prices as demand shrinks, but stimulus hopes support

Reuters News Agency reported that oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetti

Oil gains continue as optimism over US stimulus lifts global markets

Reuters News Agency reported that oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid pac

Oil prices rise, US gasoline fall on sinking demand

Reuters news agency reported that oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the spread of coronavi

Brent crude continues to decline as coronavirus shutdowns sap demand

Reuters news agency reported that brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil a

Oil prices fall for 4th week; US crude records biggest weekly loss since 1991

Reuters News Agency reported that US crude tumbled 10.7% on Friday and posted its biggest weekly decline since the 1991 Gulf War as the coronavirus epidemic dried up global demand and as officials i

Oil prices recover by US’s consideration to intervene in oil market

Reuters news agency reported that oil prices recovered further on Friday, following steep gains in the previous session after US President Donald Trump hinted he may intervene in the price war betwe

Sources: Dubai signs up banks for $9 billion DP World debt

According to tow sources Dubai has received commitments from a group of 10 banks for $9 billion in loans to take full control of port operator DP World DPW.DI and refinance debt of state investment

Dollar in high demand pushes emerging currency index to lowest in over 3 years

Reuters news agency reported that stampede into dollars pushed MSCI’s Emerging Markets Currency Index .MIEM00000CUS to its lowest level in more than three years on Thursday and set it on cours

Brent crude prices fall below $30/bbl as coronavirus pandemic slowed economic growth

Reuters news agency reported that crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their

Oil prices rise $1 as recent sharp falls draw investors

Oil prices jumped more than $1 on Tuesday as the recent sharp falls due to the coronavirus pandemic encouraged bargain hunters to come forward, although the market remains volatile as the spread of

Oil falls again, as concern about spread of Coronavirus increases

Reuters news agency reported that brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and

IRNA: New platform increases Iran's oil production by 6,000 bpd

The Iranian news agency IRNA reported on Saturday, citing Alireza Salmanzadeh, head of the Iranian Offshore Oil Company that Iran’s oil production capacity increased by 6,000 barrels per day a