Oil prices fall due to abundant global supplies after Libyan outage

Oil prices fell on Wednesday, extending the previous session’s drops, as investors continue to shrug aside the impact of almost all of Libya’s crude production being off-line amid plenti

World Economic forum kicks off in Davos

The World Economic Forum kicked off Tuesday in the Swiss city Davos.  The forum witnesses the presence of a number of heads of states and governments, ministers and senior economic decision ma

Crude oil prices rise amid supply disruptions in Libya, Iraq

Media reports said that at 10:58 am Singapore time (0258 GMT), front-month March ICE Brent crude futures rose 67 cents/b (1.03%) from Friday's settle at $65.52/b, while the NYMEX February light swee

NOC source: Oil exports from eastern and central Libyan oil ports to be shut

A source at state oil firm NOC said on Friday that oil exports from eastern and central Libyan oil ports will be shut from Saturday resulting in the loss of 700,000 barrels a day, reported Reuters.

Oil prices steady as countered optimism in trade deal

Reuters news agency reported that oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about future fuel demand

Oil prices rise over US-China trade deal

Reuters reported that oil prices rose on Thursday after the signing of a preliminary Sino-US trade agreement that paves the way for higher Chinese purchases of American energy products, while US cru

Oil prices fall on doubts about US-China deal

Reuters said that oil prices fell on Wednesday amid concerns that the trade deal between the United States and China in the first stage may not provide much of the demand payment because the United

Oil Prices fall 5% on year amid supply worries

According to West Texas Intermediate (WTI) Sputnik reported that oil prices closed down for a fifth day in a row, falling as much as 5 percent on the year, as traders and investors focused on the po

Oil prices rise after US-Iran conflict eases

Reuters news agency reported that oil prices rose slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial US-China tr

US dollar dominates currency market

According to the latest Reuters poll of foreign exchange strategists, the US dollar, which has dominated currency market trading for the last two years, looks set to do so again in 2020. While most

Global shares hit record high as technology lead relief rally

According to investment strategist Reuters news gency reported that the world’s shares hit a record high on Friday as a relief over de-escalation of US-Iranian tensions quickly prompted invest

Oil prices rise on Iran's missile attack on US base in Baghdad

According to oil analyst Reuters news agency reported that oil prices climbed on Thursday after a rocket attack on Baghdad triggered fresh concern over the potential for conflict in the Middle East,

New low of Saudi Aramco over US-Iran tensions

Reuters News Agency reported that shares of Saudi Aramco opened at 34 riyals ($9.06) on Wednesday, their lowest level since the oil giant began trading on December 11, after Iran launched missiles o

US shares fall by over 1% after attack on Ain al-Assad base in Iraq

According to media reports oil prices have instead surged on Tuesday after reports that Ayn al-Asad Air Base in western Iraq, which hosts a large number of American military personnel, was attacked

Asian Markets Fall After Iran Fires Missiles at US Air Base in Iraq

Sputnik news agency reported that Financial markets across Asia witnessed a sharp decline on Wednesday after Iran launched a missile attack on US forces in Iraq as investors fear the conflict may es

Houthi CBY: Yemeni oil revenues deposited into Saudi banks

Saudi Arabia, the USA and the Yemeni internationally-recognized government are responsible for the "national currency's collapse before foreign moneys," the Sana'a-based Central Bank of Yemen (CBY)

US and Iranian stocks fell as Gold and oil prices rise

  Tensions in the Middle East pushed the Asian stock index from its 18-month high on Monday as investors pushed gold as a safe haven near a seven-year high, and oil jumped to four peaks of the

Oil prices rise after Trump threatens to impose sanctions on Iraq again

Oil prices rose on Monday by 2% on Monday, with Brent crude rising more than $ 70 a barrel, following US President Donald Trump's issuance of a threat to impose sanctions on Iraq amid escalating ten