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World
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Africa
6/23/2024 8:52:53 PM
A China-backed pipeline that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with neighbouring Benin, both as a result of last year’s coup that toppled the West African nation’s democratic government.
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World
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Africa
6/18/2024 4:59:22 PM
Niger rebels fighting for the release of the country's democratically elected leader say they have disabled part of a crucial pipeline carrying crude oil to Benin.
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Business
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Economy
6/18/2024 3:29:43 PM
Egypt’s non-oil exports from January to May 2024 reached $16.5 billion, up from $15.4 billion in the same period of 2023, marking a 9.8 percent increase, Minister of Trade and Industry Ahmed Samir stated on Tuesday.
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Business
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Markets & Companies
6/11/2024 10:41:23 PM
Benchmark US crude oil for July delivery rose 16 cents to $77.90 per barrel Tuesday. Brent crude for August delivery rose 29 cents to $81.92 per barrel.
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Business
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Markets & Companies
6/11/2024 10:12:57 PM
Oil giant Saudi Aramco on Tuesday announced the close of its secondary share sale that fetched $11.2 billion and attracted new foreign investors.
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Business
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Markets & Companies
6/10/2024 11:06:52 PM
Benchmark US crude oil for July delivery rose $2.21 to $77.74 per barrel Monday. Brent crude for August delivery rose $2.01 to $81.63 per barrel.
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Business
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Energy
6/9/2024 1:17:06 PM
Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in its latest offering, which was set to raise $11.2 billion.
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World
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Africa
6/7/2024 2:33:43 PM
Benin authorities have arrested five Nigeriens at a port where Niger loads oil for export, sharply escalating a growing diplomatic dispute between the two West African nations.
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Business
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Energy
6/7/2024 1:37:54 PM
Saudi oil giant Aramco on Friday said it would price its secondary offering at 27.25 Saudi riyals ($7.27) per share, in the lower end of its range, allowing it to raise $11.2 billion.
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Sports
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World
6/5/2024 7:30:35 PM
A global group of trade unions is accusing Saudi Arabia of abusing migrant workers in a complaint filed Wednesday with a UN-backed labor organization, which comes as FIFA prepares to confirm the oil-rich kingdom as host of the 2034 World Cup.
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World
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International
6/5/2024 6:05:35 PM
Humankind's role in the destructive warming of the planet is comparable to the meteor that wiped out the dinosaurs, UN Secretary-General Antonio Guterres said Wednesday, calling for rapid steps including bans on fossil fuel advertising.
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Business
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Economy
6/5/2024 12:36:01 PM
Egypt's Purchasing Managers' Index (PMI) for the non-oil private sector reached 49.6 in May, up from 47.4 in April and the highest level since August 2021, according to latest data from S&P Global.
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Business
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Markets & Companies
6/4/2024 10:34:57 PM
Benchmark US crude oil for July delivery fell 97 cents to $73.25 per barrel Tuesday. Brent crude for August delivery fell 84 cents to $77.52 per barrel.
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Business
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Markets & Companies
6/3/2024 11:11:55 PM
Benchmark US crude oil for July delivery fell $2.77 to $74.22 per barrel Monday. Brent crude for August delivery fell $2.75 to $78.36 per barrel.
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Business
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Economy
6/3/2024 6:02:35 PM
Oil prices fell Monday as the OPEC+ group of major crude producers signaled they would start to unwind output cuts later this year.
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Business
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Economy
6/2/2024 5:36:46 PM
Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven't risen even amid turmoil in the Middle East and the start of the summer travel season.
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Business
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Energy
6/2/2024 4:20:23 PM
Oil giant Saudi Aramco on Sunday kicked off a secondary share offering that could fetch nearly $12 billion, bolstering state finances amid ambitious economic reforms.
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Business
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Economy
6/2/2024 12:37:25 PM
Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next month — a move that could push oil prices higher as the summer travel season increases demand for fuel and as the U.S. presidential election contest heats up.
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Business
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Markets & Companies
5/28/2024 10:52:37 PM
Benchmark US crude oil for July delivery rose $2.11 to $79.83 per barrel Tuesday. Brent crude for July delivery rose $1.12 to $84.22 per barrel.
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Business
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Markets & Companies
5/28/2024 7:57:17 PM
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.
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