Oil Steadies below $73 After Hitting Five-Year Lows
Brent crude oil steadied below $73 a barrel on Tuesday, holding onto a rally from five-year lows after oil…
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Oil Sinks Further As OPEC Meeting Looms
Oil prices extended their losses and sunk to fresh four-year lows in Asian trade Thursday as expectations of a cut…
Asia Shares Rise on U.S. Optimism, Oil under Pressure Before OPEC
Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a…
OPEC Cut Not Needed In 2014, Saudi Arabia, Kuwait And Iraq Say
Ministers from Saudi Arabia, Kuwait and Iraq said OPEC needn’t cut production next year to make room for additional…
Oil Adds To Losses Ahead Of OPEC, DOE Reports
Oil futures extended their decline in electronic trade early Tuesday ahead of key energy forecasts due out later in…
Turkey, Egypt Agree To Iran Proposed Petrochemical OPEC
National Iranian Petrochemical Organization (NIPO) says Turkey and Egypt have agreed with Iran’s proposal to form…
Iran: OPEC To Discuss Market, Next Chief
Iran’s Oil Minister Rostam Qasemi says the two main subjects of the market and the election of the Organization of…
Oil Flirts With $86/Barrel Ahead Of Fed, OPEC
Crude-oil futures edged higher to flirt with the $86-a-barrel level Wednesday ahead of a slew of key data and…
Oil Slips Further Ahead Of OPEC, Fed Meetings
Crude-oil futures slipped a little in Asia on Tuesday, extending a five-day losing streak, amid cautious tone ahead…
Abraaj Capital Mulls Third Acquisition In Egypt
Mustafa Abdel-Wadood, CEO of Abraaj Capital, said the Group’s Riyada Enterprise Development (“RED"), is planning to…