Oil prices jump after Saudi Arabia announces December supply cut

Oil prices jumped more than 1.5 percent on Monday after top exporter Saudi Arabia announced a supply cut in December […]

Iraq to increase oil output and exports, waits on Iran sanctions – minister

Iraq plans to increase its oil output and export capacity in 2019, with a focus on its southern oilfields, and […]

Clariant says softer China, Turkish downturn weigh on growth

Switzerland’s Clariant, in which Saudi Basic Industries (SABIC) owns a quarter of the shares, stuck to its full-year outlook despite […]

Oil dips as Russia signals output will stay high

Oil prices edged lower on Monday as Russia signaled output will remain high, but losses were limited ahead of U.S. […]

Trump’s Iran sanctions resolve faces test from oil-thirsty China, India

Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling […]

Europe attempts comeback after world stocks routed again

Europe attempted a rebound on Thursday after Wall Street’s worst day since 2011 and heavy losses in Asia put global […]

Turkey’s lira weakens as nationalists say no local election alliance

Turkey’s lira Turkey’s lira weakens as nationalists say no local election alliancewas nearly 2 percent weaker against the dollar on […]

Dollar steady as stock gains show improving risk sentiment

The U.S. dollar index was little changed on Tuesday while emerging market currencies outperformed, as rising stock markets reflected an […]

JP Morgan and Ford cancel plans for Saudi investor event

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend […]