Saudi Aramco in talks to buy CNPC refinery stake, retail assets
Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as...
White House: Not in Saudi interest to destabilise global economy over 9/11 bill
The White House expressed confidence on Monday that Saudi Arabia would not follow through on a reported threat to sell U.S. assets if Congress...
Oil prices rise despite U.S. inventory increase
Reversing intraday losses, oil prices settled higher Wednesday despite a government report that showed U.S. commercial crude oil inventories rose a higher-than-expected 4.67 million barrels last week.
The turnaround...
Gulf Air cuts losses by more than 60%
Bahrain's struggling carrier Gulf Air said Wednesday it reduced losses by 62 percent last year as a result of the company's restructuring.
Losses fell from...
Russia ready to meet key OPEC members, old price regulation tools "no longer working"
Russia is ready to meet the main oil producers within the Organisation of the Petroleum Exporting Countries (OPEC) if a consensus on such a...
Asia stocks rise, spurred by hopes for COVID treatment
TOKYO (AP) — Asian shares were mostly higher Tuesday as investors hung onto hopes the coronavirus pandemic may come under control with treatments being...
Cigarettes off Saudi shelves amid price rise speculation
Cigarettes had disappeared from the shelves in some Saudi cities on Sunday amid speculation on social media that the government was about to raise...
Oil surges to 2016 highs on reported Saudi-Russian deal
Oil prices surged Tuesday to 2016 highs on reports of an agreement between Saudi Arabia and Russia on freezing output.
US benchmark West Texas Intermediate...
Gulf investors hold back from UK property deals on Brexit fears
Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price...
Lebanon to discontinue paying outstanding Eurobonds
Lebanon, hit by a grinding dollar liquidity crunch amid its worst economic recession in decades, had set the stage for a default on its...
