Wall Street set to open higher as oil prices continue rise
Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude...
Oil trades above $44 on output freeze hopes
Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next...
Samsung Engineering reaches milestone in Saudi Arabia project
SAMSUNG Engineering Co., Ltd, revealed that it has reached a major milestone is terms of safety with Aramco’s Shaybah project. Samsung achieved the new...
Saudi Arabian firm injects €49 million into Euro Disney
A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park...
European shares rally after China calms yuan fall
European shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China’s central bank to slow...
Oil slides on Kuwait-Saudi oilfield agreement
World oil prices sank on Tuesday after producers Saudi Arabia and Kuwait announced a deal to gradually resume production at a joint oilfield.
The agreement...
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...
Oil prices dip on stronger dollar
Crude prices dipped further in Asia on Friday on a stronger dollar, dampening a rally that saw the commodity hit 11-month highs earlier in...
Libya oil company: Russian mercenaries enter major oilfield
CAIRO (AP) — Russian and other foreign mercenaries have entered Libya’s largest oil field, the country's National Oil Corporation said on Friday, describing the...
Saudi plans spending cuts, reforms to shrink budget deficit
Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy...
