World Bank chief: some development banks helping worsen poor country situation

Reuters news agency reported that World Bank President David Malpass on Monday chided other development banks for lending too quickly to heavily indebted countries, saying some were helping worsen a

Oil prices rise amid a broad market recovery, accompanied by investor caution

Reuters news agency reported oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in

Oil prices fall as traders assess China's oil demand, await OPEC+ cuts

Reuters news agency reportrd that oil prices edged down on Monday but held recent ranges as traders assessed China’s oil demand following the coronavirus outbreak and awaited a decision by maj

An oil derivatives ship arrives in Yemeni port of Hodeidah

اضغط هنا لقراءة الخبر بالعربية Ansar Allah group (Houthis) announced on Saturday the arrival of an oil derivative ship to the port of Hodeidah in the west of the country.

Omani support to cut oil production deepe as coronavirus outbreak

Reuters News agency reported that Oman’s oil minister said on Saturday that his country supports the recommendations made by an OPEC+ technical panel for a short, deeper oil output cut until t

IMF: Gulf's financial wealth could be over in 15 years

Reuters news agency reported that the International Monetary Fund (IMF) said on Thursday Gulf Arab states — some of the world’s richest countries — could see their financial wealth

Oil moves higher on likely OPEC+ output cuts as coronavirus outbreak

Reuters news agency reported that oil prices edged higher on Friday after Russia said it would support a recommendation for OPEC and other producers to cut their output further amid falling demand f

Asian stocks rise on solid US data, focus on virus

Reuters news agency reported that Asian stocks edged up on Thursday, a day after U.S. S&P 500 hit a record peak following encouraging economic data, while investors keep a wary eye on the impact

Oil prices rise 2nd day as China virus optimism may mean demand rebound

Reuters news agency reported that oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the coronavirus outbreak

US dollar steads and virus optimism supports dollar

Reuters news agency reported that the US dollar stood tall on Thursday, supported by firm domestic data and hopes the coronavirus’ economic impact could be limited, even as the human toll cont

CEO: Qatar Airways in talks for a 49% stake in RwandAir

Qatar Airways chief executive said on Wednesday that is in talks to acquire a 49% stake in RwandAir, Reuters news agency reported. It will take time to negotiate the purchase, Akbar Al Baker said,

Oil prices rise over 1% on hopes for output cuts to counter coronavirus impact

Reuters News Agency reported that oil prices rose over 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oi

Oil prices rise, fueled by hopes for OPEC+ supply cuts

Reuters news agency reported that oil prices clawed back ground on Tuesday, rising as much as 1% after the previous session’s slump, amid hopes for new output curbs from OPEC and its allies to

Trade sources :Saudi Arabia to cut March prices for most crude grades to Asia

Trade sources said on Monday that top oil exporter Saudi Arabia is expected to reduce prices for most of the crude grades it sells to Asia in March to track a weaker Middle East benchmark Dubai and

Oil prices fall as virus hits China demand

Reuters news agency reported that oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus out

Oil prices fall as virus outbreak shakes economic growth predictions

Reuters News Agency reported that oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from Ch

Oil prices rise as WHO declares emergency but recommends no travel, trade restrictions

Reuters news agency reported that oil prices raised on Friday following sharp losses this week, as the World Health Organization (WHO) came out against travel and trade restrictions in declaring a g

Asian stocks try to rise after non stabilized week

Reuters news agency reported that Asian share markets were fighting to stabilize at the end of a punishing week as investors clutched at hopes China could contain the coronavirus, even as headlines