Oil prices fell for a second day on Thursday (February 19), after the US government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimate
British engineer Rolls-Royce has warned profits this year could fall by as much as 13 per cent on top of an eight per cent drop last year, saying the low oil price had increased uncertainty for many of its markets and customers.
Falling oil prices will take their toll on Bahrain's budget for at least two years, the Cabinet heard yesterday (February 9).
Guidelines for the proposed blueprint (2015-2016) yesterday took centre stage at the weekly session,
Tata Motors, India's biggest automaker by revenue, posted a fall in quarterly profit, missing analyst estimates, due to losses in its domestic business, unfavourable foreign exchange rates and a dip in sales at its Jaguar Land Rover unit.
There is a growing need for energy conservation in the refining sector due to falling oil prices, Bahrain’s Energy Minister Dr Abdulhussain Mirza said yesterday (February 3).
He was speaking after opening the "Options f
Gold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise.
Investors took some profits on Thursday on concern that st
Global petrochemical prices fell about 18 per cent in December, the biggest month-over-month drop since November 2008, even as energy and naphtha prices continued to slide, according to a report.
The prices in the more than $3-tri
The housing prices in Saud Arabia will drop about 30 per cent due to falling oil prices, distribution of more low-cost homes and the imposition of Zakat on vacant land, said a report.
Real estate developers and owners are facing p
Amsterdam-listed OCI NV , the Egyptian construction, chemicals and fertiliser company, has announced a fall in orders at its building business ahead of plans to list it as a separate company.
The company also said it had taken pro
Brent crude oil fell by more than a dollar to around $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012.
The dollar rose to its highest lev