Oil has stopped crashing. Investors around the world freaked out when oil prices plummeted to a 13-year low of $26.05 a barrel on February 11. But they are now ... Read More
Crude oil prices rose in early Asian trade Monday, buoyed by hopes that a fall in U.S. oil rigs would ease excess supply while stronger consumer spending in that ... Read More
Oil prices jumped by more than 2 percent on February 25 after Venezuela said top oil producers Russia and Saudi Arabia will meet again in mid-March to discuss their ... Read More
Asian markets were mostly higher Friday, with Japan extending gains from the previous session and Australia closing flat. Market watchers will be focused on a two-day gathering of G20 ... Read More
The global recovery has weakened further amid increasing financial turbulence and falling asset prices. Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, ... Read More
Prepared for $20 a barrel to force production cuts outside the Middle East, Says al Naimi Saudi Arabian Oil Minister Ali al-Naimi surprised fellow members of the Organization of ... Read More
China markets tumbled Thursday, extending a long rout, but some Asian markets posted gains following Wall Street’s reversal of sharp intraday losses overnight on the back of higher oil ... Read More
Asia stocks traded mostly down Wednesday morning, with a combination of low oil prices, concerns over China and weak overnight data weighing on market sentiment. In Japan, the benchmark Nikkei ... Read More
Asian stocks lost momentum Tuesday, trading mostly lower as the improved market sentiment which spurred a global rally Monday appeared to fade. Chinese markets, which started trading at 9.30 ... Read More
Oil prices declined after Saudi Arabia’s foreign minister Adel al-Jubeir said that his country will not cut production. The statement made on 18 February is contrary to what Saudi ... Read More
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