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The Central Bank of Yemen (CBY) has announced a new banking operation for importers of fuel oil, according according to the mechanis
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni Houthis, although price gains were capped by an unusually downbeat OPEC report that stoked concerns about
Saudi Arabia reduced in July its oil production by 202,000 barrels per day month-on-month to 9.58 million barrels per day, downplaying the growth that it showed in June, the Organization of the Petr
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Yemen's central bank (YCB) announced on Thursday that it will resume its activities at its headquarters in the interim capital Aden in the s
Crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U.S. retail sales helped ease some concerns about a recession in the world’s biggest economy
Federal Communications Commission Chairman Ajit Pai on Wednesday circulated a draft order that would grant approval to the $26 billion tie-up of T-Mobile Us Inc and Sprint Corp.
The order must stil
Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in US crude inventories.
Brent crude LCOc1 was d
Oil prices fell on Tuesday, offsetting narrow gains in the previous session, on the expectation major producers would continue to reduce global supplies due to a slowing economic growth outlook.
Oil prices fall on Monday amid worries about an economic slowdown and the Sino-US trade war, which have led to a cut in the growth outlook for oil demand.
International benchmark Brent crude future
Oil prices rose more than $1 a barrel on Friday, supported by a drop in European inventories and OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since
Oil prices fell on Friday amid fears over demand as the US-China trade row casts its shadow over markets, although prices got some support from expectations of more OPEC production cuts.
Asian shares on Friday caught the tail of a Wall Street rally aided by China’s solid export figures and a stabilization in the yuan, but fresh concerns about Sino-US trade ties capped the regi
Oil jumped more than $1 a barrel on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an es
According to the firms, which track tanker movements, between 4.4 million and 11 million barrels of Iranian crude were discharged into China last month, or 142,000 to 360,000 barrels per day (bpd).
The Saudi Finance Ministry said in a statement on Tuesday that Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position.
The deposit is part of a pac
Asian shares suffered their steepest daily drop in 10 months on Monday, as Sino-US trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors includ
Saudi energy minister Khalid Al-Falih discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he sai
US President Donald Trump said on Saturday that things are going well with China, insisting US consumers are not paying for import taxes he has imposed on goods from that country although econ