Euro underpinned by upbeat economic outlook; dollar nurses losses
The euro traded within sight of its highest level in three years on Wednesday, underpinned by optimism about the…
Browsing Tag
Oil
Egypt eyes 2018 global auction for oil and gas drilling in southern, Red Sea areas
Egypt is planning a 2018 global auction for petroleum and gas drilling in the country’s southern and Red Sea…
Oil marks highest January opening price since 2014
Oil prices had their highest January opening since 2014 on Tuesday, supported by ongoing supply cuts led by OPEC…
Egypt’s vegetable oil reserves at 3 months and sugar at 5: ministry
Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months…
Asian shares eke out gains after copper soars
Asian markets carved out gains on Thursday following a rally in oil and copper prices this week. Trade was thin…
Oil prices slip away from 2015 highs, but market remains tight
Oil prices on Wednesday slipped away from two-and-a-half year highs hit the previous session as the gradual…
Asia trades mixed; Australian, Japanese energy stocks climb after oil cracks $60
Asian markets were mixed in Wednesday trade, as Australian and Japanese energy names rose after oil touched a more…
Oil near June 2015 high as production cuts tighten market
Oil prices were stable on Tuesday, with Brent crude lingering near 2015 highs on the back of an outlook for…
Oil edged higher as disruptions offset by rising US output
Oil markets picked up Tuesday as the Forties pipeline outage in the North Sea and voluntary production restraint…
Oil rises on lower US crude stocks, but growing output caps gains
Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing…