Saudi Arabia foils large-scale fuel smuggling bid
Saudi Arabia, whose subsidised fuel prices are among the world's lowest, said Thursday it foiled a large-scale attempt to illegally export diesel fuel.
Nine million...
Oil in 'tumultous' week after output freeze deal
The oil market was gripped this week by an output freeze deal between the world's top two producers Saudi Arabia and Russia.
Prices initially rebounded...
EXIM backers vow to defeat U.S. House amendments to gut trade bank
Export-Import Bank said on Tuesday they can defeat a barrage of proposed amendments aimed at gutting the trade lender's ability to aid large companies...
Saudi forex reserves stabilize at $659.5b
Saudi Arabia has managed to keep the level of its foreign exchange reserves stable at $659.5 billion at the end of October, according to...
Russia says Saudi Arabia proposed oil output cuts by up to 5 pct
Russian Energy Minister Alexander Novak said on Thursday that Saudi Arabia had proposed that oil producing countries cut oil production by up to 5...
Saudi inflation rises to five-year high on subsidy cut
Saudi inflation soared to a five-year high in January after the kingdom made unprecedented cuts to public subsidies and raised fuel prices, a research...
Oil falls 3 percent on swelling oversupply
Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the...
Kurds ready for new oil deal with Baghdad if they get $1 billion a...
Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees...
Saudi Arabia says outcome of OPEC meeting unclear
The outcome of this week's OPEC meeting remains to be decided, Saudi Arabia's oil minister said Tuesday amid widespread expectations that the cartel will...
Global stocks rise but oil, Fed keep investors nervous
Stocks rose in Europe and Asia on Tuesday, though volatile oil prices kept investors cautious before a widely anticipated increase in U.S. interest rates...
