Oil exports suspended from Libya oil terminal
Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports...
Stocks, dollar and oil cool ahead of Doha meeting
Reassuring Chinese GDP data helped stocks, commodity markets and the dollar consolidate strong weekly gains on Friday, as focus turned to a meeting of...
Apple to show off new iPhones with T.V display
With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San...
Iran offers no action in support of global oil pact
Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices,...
Egypt devalues pound as foreign currency inflow decline
Egypt's central bank said on Monday it had devalued the Egyptian pound by 14.3 percent to 8.95 to the US dollar to face "challenges"...
Trump would consider halting U.S. oil purchases from Saudis
Republican presidential front-runner Donald Trump told the New York Times he would consider stopping U.S. oil purchases from Saudi Arabia unless the Saudi government...
Saudi to stick with its long-term oil strategy
Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low...
Oil prices hold steady in Asia
The rally in oil prices extended into Asian trade Friday, a day after the main US contract broke $40 for the first time this...
Lebanon PM urges Saudi to reconsider aid package suspension
Lebanon's Prime Minister Tammam Salam on Friday urged Saudi Arabia to "reconsider" the suspension of a $3 billion aid package to its army to...
Saudi takes steps out of welfare state under King Salman
Faced with a massive decline in oil revenues, Saudi Arabia's King Salman marked his first year in power by taking steps to end his...
