Oil prices surge on fresh talk of OPEC meeting on glut
Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.
US benchmark West...
Al Qaeda still reaping oil profits in Yemen despite battlefield reverses
Al Qaeda may have been pushed out of the enclave it carved out in Yemen as the country descended into civil war, but the...
OPEC fails to agree policy but Saudis pledge no shocks
Saudi Arabia promised on Thursday not to flood the oil market with extra barrels even as OPEC failed to agree on output policy, with...
Kuwait to launch free economic zone on islands
Kuwait has said it will establish a free economic zone on five islands close to the shorelines of regional heavyweights Iraq and Iran with...
Abu Dhabi lays off staff as Gulf austerity tightens
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long...
Saudi Aramco says fraud foiled between trading unit and ONGC
State oil giant Saudi Aramco said on Sunday that an attempted fraud that targeted its trading unit Aramco Trading and India's Oil and Natural...
GULF-OIL/PRICES
Saudi Arabia's Oil Minister Ali al-Naimi attends a meeting of Gulf states' oil ministers in Doha, September 10, 2015. Gulf energy producers will continue...
Egypt’s core inflation falls to 11.88 pct yr/yr in Feb
Egypt's core inflation fell to 11.88 percent year-on-year in February from 14.35 percent in January, the central bank said on Thursday.
Inflation jumped after Egypt...
Britain raises minimum wage
Britain's Conservative government raised the minimum wage by 7.5 percent on Friday in a move denounced by critics as largely symbolic in an era...
Venezuela proposes non-OPEC oil producers attend Vienna meeting
Venezuela has proposed that non-OPEC oil producers attend the group's June meeting in Vienna to continue "dialogue and coordination," according to a letter from...
