Oil prices rose for the first time in eight days on Wednesday as positive Chinese trade data and an unexpected draw in weekly US crude oil inventories gave investors reasons to buy crude futures.
Brent crude, t
US producer prices in May recorded their biggest increase in more than 2-1/2 years as the cost of gasoline and food rose, suggesting that an oil-driven downward drift in prices was nearing an end.
The stabilisation in producer pri
Saudi Arabia's total exports dropped 8.9 per cent to SR1.28 trillion ($342.28 billion) last year, while its imports rose 3.3 per cent to SR651.88 billion, according to a report.
The kingdom’s oil exports comprised 83 per
The death toll from Nepal's devastating earthquake rose steadily past 6,200 on Friday as fresh aftershocks and the stench of rotting bodies made it hard for nervous survivors to return to their homes.
Disposal of the hundreds
Crude oil exports from Saudi Arabia rose in January to their highest level since April last year, while volumes used by domestic refineries remained high, official data showed.
Saudi Oil Minister Ali Al-Naimi has said oil demand w
Gold dropped below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, as the dollar rose towards 11-year highs ahead of US jobs data that could provide hints about the timing of a rate increase.
Brent crude rose above $61 a barrel on Friday amid geopolitical tensions in Libya and Iraq, while traders eyed US rig counts and the outcome of Iran nuclear talks for further trading cues.
Fighting has escalated in northeast Iraq
Brent crude oil rose more than $2 to around $50 a barrel after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand.
Egypt's real gross domestic product rose an annual 6.8 per cent in the first quarter of the 2014-15 fiscal year, its strongest growth since 2008, driven by manufacturing and tourism, the central bank said on Thursday.
Norton Rose Fulbright, a global legal practice, has revealed its global diversity and inclusion target of reaching 30 per cent female partner in 2020.
This is in addition to a target of 30 per cent female partners on all board and