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
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
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
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
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
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
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