Markets on edge as policymakers flex muscles
Fresh government intervention to support China's jittery markets and bets on a more dovish stance from central…
Browsing Tag
Oil
Oil prices extend losses on U.S. oil inventory, manufacturing data
Oil prices fell 2 percent in Asian trade on Wednesday, as a stronger-than-expected build in U.S. crude oil stocks…
Oil prices drop 3 percent as investors retreat from overnight gains
Oil prices fell around 3 percent in Asian trade on Tuesday, with investors taking profits after Brent and U.S.…
Oil falls back below $49 as glut, China concerns weigh
Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply…
Italy’s Eni unveils biggest gas discovery in Egypt and Mediterranean
Italy's Eni has discovered gas reserves of up to 30 trillion cubic feet in the Zohr prospect in Egypt's…
Fire at Saudi Arabian oil workers compound kills one, injures 30
A fire at an oil workers residential compound in Saudi Arabia on Sunday claimed one casualty and injured 30 more of…
Buffett’s Berkshire takes $4.48 billion stake in Phillips 66
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) disclosed a $4.48 billion stake in oil refiner Phillips 66…
Petrosafe cleans-up oil spill in Nile’s Assiut
Petroleum Safety and Environmental Services Company (PETROSAFE (has cleaned-up the oil spill occurred Friday from a…
Oil prices rise as global market fears ease, but outlook remains weak
Oil prices climbed by around $1 a barrel on Thursday on an unexpected fall in U.S. crude inventories and a rally in…
Oil plunges 6 percent to 6-1/2-year low on China concerns
Oil prices fell more than 6 percent to fresh 6-1/2-year lows on Monday as markets worried about a China-led global…