OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per […]
Tag: Middle East
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 […]
Oil rises as China reports record crude imports, but soaring U.S. output caps gains
Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy […]
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 […]
Stuck Between Trump and Iran, EU Lacks Plan for Nuclear Deal
U.S. President Donald Trump’s decision to pull out of the 2015 nuclear deal with Iran has left Europe’s leaders torn […]
Gold Prices Edge Up; Dollar Trades Sideways
On Thursday, gold prices edged up while the dollar traded sideways. For June delivery, gold futures on the Comex division […]
Gold Prices Fall as Strong Dollar, Rising Treasury Yields Weigh
On Wednesday, gold prices fell, pressured lower by strength in the dollar and Treasury yields after the U.S. withdrew from […]
Oil rebounding on Dollar hesitation, WTI at $68.25
Even as production completely outstrips demand, oil still managing to bound higher on Iran tension. US rig counts could expose […]
Gold Prices Edge Lower on Firmer Dollar
On Wednesday, gold prices edged lower weighed down by gains in the dollar and improving risk appetite which dampened safe […]
Oil Prices Bounce Back while Focus Shifts to U.S. Supply Data
On Tuesday, oil prices edged higher, as investors looked ahead to fresh data on U.S. commercial crude inventories to gauge […]
