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Business
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Markets & Companies
9/19/2023 10:43:50 PM
Benchmark US crude oil for October delivery fell 28 cents to $91.20 a barrel Tuesday. Brent crude for November delivery fell 9 cents to $94.34 a barrel.
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Business
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Economy
9/19/2023 12:04:56 PM
Asian stocks sank Tuesday following a sedate performance on Wall Street as investors nervously await the Federal Reserve's policy decision later in the week, while inflation worries were exacerbated by oil's push towards $100.
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Business
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Energy
8/7/2023 8:21:47 PM
Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices.
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Business
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Economy
7/26/2023 12:27:46 PM
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices.
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Business
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Markets & Companies
7/3/2023 10:40:59 PM
Benchmark US crude oil for August delivery fell 85 cents to $69.79 a barrel Monday. Brent crude for September delivery fell 76 cents to $74.65 a barrel.
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Business
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Markets & Companies
6/24/2023 10:24:09 AM
Benchmark US crude oil for August delivery fell 35 cents to $69.16 a barrel Friday. Brent crude for August delivery fell 29 cents to $73.85 a barrel.
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Business
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Markets & Companies
6/6/2023 10:39:51 PM
Benchmark US crude oil for July delivery fell 41 cents to $71.74 a barrel Tuesday. Brent crude for August delivery fell 42 cents to $76.29 a barrel.
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Business
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Energy
6/4/2023 8:21:44 PM
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Business
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Energy
6/4/2023 9:27:46 AM
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
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Business
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Markets & Companies
5/23/2023 10:45:46 PM
Benchmark US crude oil for July delivery rose 86 cents to $72.91 a barrel Tuesday. Brent crude for July delivery rose 85 cents to $76.84 a barrel.
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Business
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Markets & Companies
4/22/2023 12:09:16 PM
Benchmark US crude oil for June delivery rose 50 cents to $77.87 a barrel Friday. Brent crude for June delivery rose 56 cents to $81.66 a barrel.
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Business
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Energy
4/3/2023 9:59:03 PM
The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.
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Business
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Energy
4/3/2023 11:24:04 AM
Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month.
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Business
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Markets & Companies
3/27/2023 11:58:00 PM
Benchmark US crude oil for May delivery rose $3.55 to $72.81 a barrel Monday. Brent crude for May delivery rose $3.13 to $78.12 a barrel.
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Business
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Markets & Companies
3/16/2023 10:18:33 PM
Benchmark US crude oil for April delivery rose 74 cents to $68.35 a barrel Thursday. Brent crude for May delivery rose $1.01 to $74.70 a barrel.
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Business
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Markets & Companies
3/15/2023 11:03:15 PM
Shares of US lenders endured another walloping Wednesday on worries of more bank failures, although the Nasdaq eked out a gain following assurances from the Swiss central bank about Credit Suisse.
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Business
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Energy
3/15/2023 9:41:26 AM
Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from the United States for refusing to ramp up production to keep oil prices down as Russia continues to mount its offensive in Ukraine.
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Business
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Economy
3/12/2023 11:24:40 AM
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.
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Business
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Markets & Companies
3/6/2023 10:35:07 PM
Benchmark US crude oil for April delivery rose 78 cents to $80.46 a barrel Monday. Brent crude for May delivery rose 35 cents to $86.18 a barrel.
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Al-Ahram Weekly
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Egypt
2/18/2023 10:12:00 AM
Plans are afoot to reduce imports of cooking oil by increasing local production.
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