Oil prices

Oil hits $80, highest since Nov 2014, on Iran concerns
Business

Oil hits $80, highest since Nov 2014, on Iran concerns

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports…
Qatar Petroleum to boost oil production despite Gulf embargo: CEO
Business

Qatar Petroleum to boost oil production despite Gulf embargo: CEO

State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on…
Eni keeps production targets as higher oil prices boost profits
Business

Eni keeps production targets as higher oil prices boost profits

Italian oil major Eni (ENI.MI) on Friday reported a 31 percent rise in first-quarter profits, boosted by higher oil prices…
Egypt’s central bank keeps interest rates unchanged
Economy

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
Oil hits two-year high on Saudi purge, world shares retreat
Middle East

Oil hits two-year high on Saudi purge, world shares retreat

Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through…
Oil prices fall for second day on oversupply concerns
Economy

Oil prices fall for second day on oversupply concerns

Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs…
Oil firms as US Gulf refineries restart, dollar softens
Business

Oil firms as US Gulf refineries restart, dollar softens

Brent oil prices firmed on Thursday, hovering near 3-1/2-month highs as US refiners restarting after Tropical Storm Harvey increased their…
Saudi calls OPEC members to stick to limits, sees oil demand up
Business

Saudi calls OPEC members to stick to limits, sees oil demand up

OPEC leader Saudi Arabia said on Monday the group would quickly address weak compliance with output cuts by some OPEC…
Oil prices struggle on doubts OPEC can rein in oversupply
Business

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices hovered near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts…
Oil prices dip on fears Middle East spat could harm OPEC cuts
Business

Oil prices dip on fears Middle East spat could harm OPEC cuts

Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top…
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