Oil down 10 percent after five-day decline; Goldman says more losses needed
Oil fell for a fifth straight day Friday, losing 10 percent on the week, and Goldman Sachs said more losses were…
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Oil
World’s biggest oil producer Saudi Aramco confirms it’s considering IPO
Saudi Arabia's state-owned oil company Saudi Aramco confirmed Friday it is considering listing the company on the…
Saudi Arabia reduces oil prices for Europe, perhaps to undercut Iran
Saudi Arabia on Tuesday sharply cut the prices it charges for crude oil in Europe, a move that could undercut Iran…
Brent crude oil gives up earlier gains, loiters near 11-year lows
Brent crude oil prices gave back earlier gains on Wednesday, retreating close to 11-year lows as concerns over…
CAPMAS: Egypt’s imports slide 29% in September 2015
Egyptian imports of ten commodities have been dropped 29 percent during September 2015 to record 16.7 billion…
Kuwait to supply 3m barrels of crude oil to Egypt per month
Kuwait Petroleum Corporation (KPC) will supply Egypt with about 3m barrels of crude oil per month, as well as solar…
Saudi Arabia pledges fresh loans to Egypt to develop Sinai, purchase oil
Egypt agreed with Saudi Arabia to borrow $1.5 billion to develop the Sinai Peninsula, $1.2 billion to finance oil…
Oil prices edge up as Asia equities stabilize; oversupply drags
Crude prices rose on Tuesday as Asian stock markets stabilized following heavy losses in the previous session, but…
Oil surges on Saudi Arabia, Iran tensions
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran…
Oil prices could hit low point in first quarter: BP
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next…