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US to Impose Fresh Oil Sanctions on Iranian Oil Buyers
US President Barack Obama has approved the introduction of fresh sanctions on buyers of Iranian oil. In a…
Oil Firms on Weakened Dollar and Improved US Consumer Sentiment
Brent crude futures rose on Friday following three straight lower settlements, heading for a 14 percent quarterly…
Gold Climbs as Dollar Index Reaches One-month low
Gold prices rose on Friday as the dollar fell to a one-month low against a basket of currencies, including the…
BOC Seeks to Join London Metal Exchange
Bank of China Ltd. became the first Chinese company to apply for membership on the London Metal Exchange, the…
Sanctions Could Cost Iran $ 50 Bln
Iran’s oil revenue could halve. Top buyers are moving to cut imports of crude from the Islamic Republic amid a…
Saudi Arabia to Act to Push Down Oil Prices
Saudi Arabia will act to bring down oil prices, Saudi oil minister Ali Naimi said on Thursday as France signaled…
Abu Dhabi to Complete $ 600 Mln Solar Plant This Year
Abu Dhabi Solar plant Shams 1 will be completed by the end of this year and will be ready to provide Abu Dhabi with…
US Dollar Stabilizes Against Kuwaiti Dinar
Exchange rate of the US dollar against the Kuwaiti dinar stabilized, standing at KD 0.277 ($ 1), the euro also…
French Premier Upbeat on Oil-Release Prospects
French Prime Minister Francois Fillon on Thursday said he was optimistic about prospects for an agreement between…
ETHYDCO Awards Japan’s TOYO An Egyptian Ethylene Plant
The Egyptian Ethylene and Derivatives Co (ETHYDCO) has awarded Japan's Toyo Engineering Corp and ENPPI, an…
