Tumbling Oil Prices slam Profit at Exxon Mobil, Chevron
Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both…
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Crude
Petroleum Subsidies worth $8 bln in Egypt’s new Budget
The international price of Brent crude oil was among the elements which drove Egypt to set aside $8 billion for…
Oil rebounds 1%, U.S. Crude Stocks in Focus
Crude futures rose about 1 percent on Wednesday to recover some ground after steep drops in the previous session,…
China becomes world’s Top Crude buyer despite Economy Stuttering
China overtook the United States as the world's top importer of crude oil for the first time in April, and its…
Oil steady, little help from Chinese Interest Rate cut
Crude futures were little changed on Monday as moves by China to bolster its flagging economy failed to instill…
Oil Prices hit Fresh 2015 high on weaker Dollar, Libya Supply woes
Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been…
Egypt’s FIHC tenders to buy Soybean Oil and Sunflower Oil
Egypt's state-backed Food Industries Holding Company (FIHC) has issued an international tender to purchase up to…
Iran wants OPEC to pave way for its extra oil production when sanctions lifted
Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude…
Oil Declines amid Stronger Dollar, Crude Oversupply in U.S.
Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United…
Saudis to Non-OPEC Producers: Cut Your Own Output, We’re Good
Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming…
