Friday 26 August 2016
 
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Oil prices slide on China worries, supply glut

Crude oil futures fell on Friday, bringing losses this month to close to nine per cent, as disappointing Chinese data and worries over a supply glut overshadowed geopolitical concerns.   The US dollar, which stoo

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Asian imports of Iran oil fall nearly 6pc in Sept

Asian imports of Iranian oil fell nearly six per cent from a year earlier in September, as Iran's biggest crude buyers held off from increasing purchases following the landmark agreement on Tehran's disputed nuclear programme in July.

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Oil falls to $63, ample supplies and Greece weigh

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other marke

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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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Brent oil falls below $54 on Opec output, Iran

Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States. Intensive efforts to clinch a deal between world powers and

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Oil slips under $57 as IEA sees bigger glut

Oil fell below $57 a barrel on Friday after the International Energy Agency said a global oil glut was building and US oil production showed no signs of slowing yet. The IEA, which advises industrialised countries, said in its mon

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NBAD Q4 net profit edges down

National Bank of Abu Dhabi, the largest lender by market value in the UAE, has posted fourth-quarter profit that fell marginally from a year earlier, in line with analysts' estimates. NBAD, majority-owned by the Abu Dhabi gove

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Brent hits 3-week low below $111

Brent oil futures fell by more than a dollar on Monday to a three-week trough below $111 a barrel as supply worries eased after the US agreed to call off military action against Syria in a deal with Russia to remove Damascus's chemical weapo

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HSBC revenues sag, may face $1.6bn US lawsuit hit

HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo

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