Bahrain MPs blast fuel price hike in heated session
A session of the Bahraini parliament broke up amid shouting and protests on Tuesday when several lawmakers, in a rare show of opposition to...
Bahrain and Oman cut gas subsidies as oil hits 12-year low
Bahrain and Oman have reduced state subsidies on gasoline as the global oil price dips to its lowest since 2003.
On Tuesday, gas prices at...
BP to cut 4,000 jobs amid oil price plunge
Oil company BP is cutting some 4,000 jobs in exploration and production over the next two years amid sharp drops in the price of...
Nigeria minister sees emergency OPEC meeting in March
Nigerian oil minister Emmanuel Ibe Kachikwu said Tuesday that he expects an extraordinary meeting of the OPEC oil cartel in "early March" to address...
McDonalds's hit by European consumers' anti-trust complaint
Three Italian consumer groups lodged a far-ranging anti-trust complaint with EU regulators against US fast food giant McDonald's, urging Brussels to investigate the company's...
Wall Street wobbles as health stocks, oil prices drop
Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12-year lows, ahead of...
Saudi Aramco share listing will take time: chairman
Any share listing of state-owned Saudi Aramco, the world's largest crude producer, will take time, the company's chairman told The Wall Street Journal in...
Saudi currency stable despite low oil prices
Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with...
Oil giant Saudi Aramco confirms looking into share offers
State-owned Saudi Aramco, the world's largest crude oil producer and exporter, said Friday it is considering a public share offer.
The company "has been studying...
Oil prices move up from 12 year lows as China shares rise
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in Chinese shares, but persistent...
