Oil prices edged down on Friday after rising more than two per cent in the previous session, buoyed by lower US crude inventories and geopolitical tension in the Middle East.
US crude futures are in their longest winning streak si
Oil prices rose in a volatile day of trading on Monday as concerns over tension in the Middle East and a drop in the number of U.S. rigs drilling for crude offset comments from Saudi Arabia's oil minister that Saudi production would stay nea
Regional tensions and upheavals could threaten public health, Bahrain’s Premier said yesterday (February 24).
He urged the international medical community to sound alarm bells and warn against potential epidemics and infecti
Britain may take legal action against Spain over tighter border controls at its contested overseas territory Gibraltar, Prime Minister David Cameron's spokesman said on Monday, escalating a row that has strained relations between the two cou
Staff at embassies in North Korea appeared to be remaining in place on Saturday despite an appeal by authorities in Pyongyang for diplomats to consider leaving because of heightened tension after weeks of bellicose exchanges.
The Mena region faces headwinds amid economic crisis, but should be able to manage 3.5 per cent growth in GDP as domestic demand returns, said Saxo bank, an online trading and investment specialist, in its outlook for 2012.
Saudi Arabia hopes crude oil prices will not surge higher on tension between Western governments and Tehran over Iran's nuclear programme and that benchmark Brent prices remain near $100 a barrel, an industry source told Reuters.
Small Iranian military motorboats approached US vessels passing through the Strait of Hormuz twice last week but the Pentagon said the interactions were not seen as hostile, even at a moment of heightened tensions between the two countries.
Britain and France clashed over credit ratings on Friday, adding to tensions that erupted over British Prime Minister David Cameron's veto of a treaty on euro zone fiscal integration.
Britain's Deputy Prime Minister Nick Clegg told French
Twenty seven Iranian servicemen were killed and several others seriously wounded in an explosion on Saturday at a military base near Tehran that happened as troops were moving munitions, a Revolutionary Guards spokesman told state TV.