Saudi Oil-Price Cut Takes Market by Surprise
Oil prices tumbled to their lowest point in more than two years after Saudi Arabia unexpectedly cut prices for…
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Crude
Crude Hammered As US Data Can’t Dispel China, Europe Gloom
Crude tumbled on Tuesday, as constructive U.S. data wasn't enough to counter lackluster manufacturing data from…
Banque Du Caire May Increase Misr Petroleum, COOP’s Loan to EGP3 bln
Banque Du Caire is considering to increase a loan designated for the state-owned Misr Petroleum and Petroleum…
Suez Halt Would Boost Crude Even As Supply Continued, IEA Says
A blockage of Egypt’s Suez Canal or at a crude pipeline linking the Red Sea and Mediterranean may cause oil prices…
Libya To Help Ease Egypt Crisis With US$1.2 Bln Oil Deal
Libya will soon start shipping oil to neighboring Egypt on soft credit terms, two senior Libyan officials said, as…
China, Singapore Exempted From Iran Oil Embargo: USA
The USA has exempted China and Singapore from complying with Washington’s unilateral sanctions on oil trade with…
China To Cut Fuel Prices June 9: C1 Energy
China will cut gasoline and diesel prices June 9, energy consultancy C1 Energy said, citing sources from the…
Europe Shares Pare Losses
European stock markets rebounded in afternoon trade on Wednesday, paring losses as luxury-goods maker Compagnie…
Russia Shares 2nd Day Fall, Lukoil Retreats
Russian shares headed for the biggest drop in a week after oil prices slid to the lowest level this year.…
Turkey Boosts Iranian Oil Imports In March
Turkey has sharply increased its crude oil imports from Iran, dismissing the US-led oil embargo on the Islamic…
