Tuesday 21 April 2015
 
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Brent crude oil prices fall as Opec production soars

Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after Opec said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (Opec) said that i

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Oil turns higher, rallies to 2015 high on Yemen conflict

Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Had

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Saudi hardware retailer to raise $134m from float

Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd

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Iron ore in fresh crisis as forward prices crumble

Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.

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Oil up on uncertain Iran negotiations, German data

Oil prices rose on strong German economic data and uncertainty about negotiations on Iran's nuclear programme, even as a strong dollar curbed oil's bounce a day after futures tumbled six per cent. Brent crude rallied four

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Bahrain increases industrial use gas prices

Companies will pay more for gas from today (April 1), the National Oil and Gas Authority (Noga) announced yesterday. Readjusted diesel prices were given the green light by Bahrain’s Cabinet at its weekly session on January 1

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Once-bullish fund managers start to capitulate on oil prices

Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and E

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Once-bullish fund managers start to capitulate on oil prices

Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and E

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QTA warns hotels against increasing prices

Qatar Tourism Authority (QTA) has issued a warning to hotels in the country against attempts to increase prices exorbitantly to cash in on the increased inflow of tourist, according to a report. Some hotels had increased prices by

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Oil falls more than $1 as Mideast supply fears ease

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen. Goldman Sachs said the bombing of Yemen would have little effe

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