Central Bank of Yemen exchanges 170 million Saudi riyals for fuel importers despite takeover of STC

  اضغط هنا لقراءة الخبر بالعربية The Central Bank of Yemen (CBY) has announced a new banking operation for importers of fuel oil, according according to the mechanis

Oil prices rise after Houthi attacks on Saudi oilfield, but recession worries cap gains

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

OPEC: Saudi Arabia Reduces Oil Production To 9.58Mln Bpd In July

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

YCB to resume its activities in Aden on Sunday

اضغط هنا لقراءة الخبر بالعربية 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

Oil prices raise following strong US retail sales help ease recession worries

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

FCC chairman circulates order to approve Sprint, T-Mobile tie-up

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 fall on weak global economic data, US crude build

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 fall as traders weigh slowing demand against supply curbs

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. In

Oil prices fall as demand outlook, trade dispute raise

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 rise over European stock

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 fall as trade worries, more OPEC cuts support expected

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. Internatio

Asian shares raise, but renewed trade jitters cap gains

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 raises on firm yuan, more OPEC cuts expected

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

Analysts: China continued Iran oil imports in July despite US sanctions

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).

Saudi Finance Ministry: Saudi Arabia deposits $250 million in Sudan central bank

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 continue to fall for the sixth month as investors flee to safety

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 discusse oil markets with Russian counterpart

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

Trump: “Things are going along very well with China.

 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