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Business
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Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.
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World
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Region
3/26/2023 11:03:12 AM
A seemingly never-ending political crisis is plunging oil-rich Kuwait's economy into the mire, affecting basic services and causing mounting public concern.
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World
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Region
3/26/2023 10:32:37 AM
Turkey stopped oil exports from Iraq's autonomous Kurdistan region on Saturday following arbitration at the International Chamber of Commerce, the Iraqi oil ministry said.
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Business
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Markets & Companies
3/24/2023 9:31:08 PM
Benchmark US crude oil for May delivery fell 70 cents to $69.26 a barrel Friday. Brent crude for May delivery fell 92 cents to $74.99 a barrel.
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Business
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Markets & Companies
3/23/2023 10:50:40 PM
Benchmark US crude oil for May delivery fell 94 cents to $69.96 a barrel Thursday. Brent crude for May delivery fell 78 cents to $75.91 a barrel.
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Business
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Economy
3/22/2023 10:34:32 PM
Benchmark U.S. crude oil for May delivery rose $1.23 to $70.90 a barrel Wednesday. Brent crude for May delivery rose $1.37 to $76.69 a barrel.
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World
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War in Ukraine
3/21/2023 7:19:58 PM
Russia announced Tuesday that it was extending until the end of June oil production cuts of 500,000 barrels per day, a response to Western sanctions that was due to expire at the end of March.
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World
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Region
3/20/2023 11:03:46 PM
A top Iranian official said Iran and Iraq have agreed on new mechanisms, enabling the former to use its frozen oil and electricity exports money in the latter's banks, official news agency IRNA reported on Monday.
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Business
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Markets & Companies
3/20/2023 10:43:00 PM
Benchmark US crude oil for April delivery rose 90 cents to $67.64 a barrel Monday. Brent crude for May delivery rose 82 cents to $73.79 a barrel.
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World
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Region
3/20/2023 11:28:02 AM
The Kuwait Oil Company declared a "state of emergency" on Monday following an oil spill on land, but said no injuries or disruption to production had been reported.
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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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Economy
3/15/2023 11:01:54 PM
Benchmark U.S. crude oil for April delivery fell $3.72 to $67.61 a barrel Wednesday. Brent crude for May delivery fell $3.76 to $73.69 a barrel.
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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
3/14/2023 11:12:49 PM
Benchmark US crude oil for April delivery fell $3.47 to $71.33 a barrel Tuesday.
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Business
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Markets & Companies
3/13/2023 10:24:12 PM
Benchmark US crude oil for April delivery fell $1.88 to $74.80 a barrel Monday. Brent crude for May delivery fell $2.01 to $80.77 a barrel.
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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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Energy
3/10/2023 3:34:43 PM
Total pay for BP's CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses.
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Business
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Economy
3/9/2023 10:43:52 PM
Benchmark U.S. crude oil for April delivery fell 94 cents to $75.72 a barrel Thursday. Brent crude for May delivery fell $1.07 to $81.59 a barrel.
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World
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Region
3/9/2023 8:39:48 PM
The United Nations said Thursday it had bought a ship to remove oil and avoid a potentially catastrophic spill from a tanker decaying for years off the coast of war-ravaged Yemen.
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