Friday 30 January 2015

Oil near 6-year low as US stockpiles hit record high

Oil remained weak in Asia on Thursday after data showing record US stockpiles sent prices tumbling to the lowest level in nearly six years in the previous session and analysts said a global glut would continue to keep the market under pressure. The US Energy Information Administr


Jordan proposes prisoner swap with Islamic State

Jordan offered on Wednesday to hand over an Iraqi woman on death row for her role in a 2005 suicide bomb attack if a Jordanian pilot captured by Islamic State was released. Government spokesman Mohammad al-Momani made no mention of Japanese hostage Kenji Goto, a veteran war repor


Oil drops 1pc on firm dollar, US stock build

Oil fell more than 1 per cent on Wednesday as the dollar strengthened in early Asian trade, while an industry report showing a larger-than-expected rise in US crude inventories also dragged on prices. Crude futures settled up more than 2 per cent on Tuesday when the dollar index


Obama, Saudi king discuss Iran, energy in symbolic visit

US President Barack Obama met with Saudi Arabia's King Salman on Tuesday to pay respects to the late King Abdullah and bolster a relationship that now stretches well beyond oil interests to security cooperation across the volatile Gulf Arab region. King Salman, in his first o


8 killed as gunmen storm Tripoli hotel

At least eight people, including five foreigners, were killed when gunmen stormed a luxury hotel in the Libyan capital Tripoli on Tuesday, a local security official said. It was not immediately clear who staged the attack, but the SITE monitoring service said a militant group cla


Obama to hold talks with King Salman

Saudi Arabia's King Salman will hold talks with US President Barack Obama on major regional and international issues in RIyadh today (January 27), a Royal Court statement said. “The talks will also focus on prospects of expanding bilateral ties,” an Arab News repo


17 killed in protests on anniversary of Egypt uprising

At least 17 people were killed on Sunday in Egypt's bloodiest protests since Abdel Fattah Al-Sisi was elected president, as security forces fired at protesters marking the anniversary of the 2011 uprising that toppled Hosni Mubarak. Gunfire and sirens could be heard in Cairo


Mubarak's sons released from prison

Two sons of deposed Egyptian president Hosni Mubarak were released from prison early on Monday, prison officials said, a day after the anniversary of the 2011 uprising that toppled the autocrat. An Egyptian court last week ordered the release of Alaa and Gamal Mubarak pending a r


Gold at 5-month high on safe-haven demand

Gold climbed towards a five-month high on Monday as an electoral win by Greece's anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion. Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap e


US gasoline prices hit April 2009 low

The average price of a gallon of gasoline in the US fell 13.3 cents in the past two weeks, falling to its lowest level since late April 2009, but the end of a months-long slide may be near, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell t

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