Libya says oil production up at 300,000 bpd
Crude production in oil-rich but conflict-ridden Libya is now more than 300,000 barrels per day since a new terminal opened in the east, the...
Russia says Saudis proposing global oil production cut
Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be...
Oil prices edge up
Oil prices edged up slightly in Asia on Tuesday after tumbling more than two percent the day before, while a weaker dollar also provided...
European stocks rebound strongly
European stock markets rebounded strongly Thursday following gains on Asian and US indices after the Federal Reserve suggested a likely US interest rate increase...
Domestic focus may limit clout of $2 trillion Saudi fund
Saudi Arabia aims to create the world's biggest sovereign wealth fund, a $2 trillion behemoth that can throw its weight around global markets, but...
Apple Pay expands as it vies for broader acceptance
Apple's year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as...
International support to restore Lebanon’s economic stability
Lebanon's international backers said Wednesday they supported its new Cabinet, while urging it to swiftly tackle the country's snowballing crises amid ongoing anti-government protests.
The...
Saudi inventors win seven medals at iENA-2015 expo
Saudi inventors made a mark in an international exhibition, winning seven medals including two gold, three silver and two bronze for their brilliant innovations.
Their...
BP boss forecasts balanced oil market in second half of 2016
BP boss Bob Dudley said Wednesday he was "very bearish" on oil prices for the first half of 2016, but forecast supply and demand...
Egypt sees World Bank funds arriving soon, looks for Saudi aid
Egypt expects to receive a $1 billion World Bank loan approved in December once outstanding paperwork is finalised and is negotiating to secure more...
