Saturday 4 July 2015
 
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Oil

Oil slides in thin trade on rising US rig count

Oil prices dropped on Friday as a rising US rig count stoked more concerns about global oversupply while an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market. A sharp move lo

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ME lenders struggle with falling loan pricing

The reluctance of local lenders to join the $3 billion loan for Abu Dhabi National Energy Company (Taqa), which is in general syndication, is highlighting how previously liquid local Middle East banks are being priced out of the market as low oi

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BP reaches $18.7bn settlement over deadly 2010 spill

BP will pay up to $18.7 billion in penalties to the US government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in US history. The agreemen

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India takes 23pc less Iranian oil

India's oil imports from Iran fell by about 23 per cent over January-June as refiners curtailed shipments in the early months of the year to keep volumes within the limits allowed under an interim nuclear deal in place since the end of 201

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Asian imports of Iran oil hit highest this year as nuclear talks drag

Asian imports of Iranian crude rose to the highest level this year in May, although buyers may have to curb any further increases if negotiators up against a deadline fail to reach a final deal on Tehran's disputed nuclear programme.

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Kurdistan ramps up independent oil sales

Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm Somo in an escalating dispute over export rights and budget payments.  

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Islamic State bombers hit Syrian city, oil tanks on fire

Islamic State suicide bombers blew up two trucks in the heart of the northeastern Syrian city of Hasaka and a fire erupted at petroleum storage tanks and a textile firm after shelling by the militants, a Syrian army source said. &

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Madi unveils Nashi Argan range of hair products

Madi International, a leading distributors of internationally reputed professional beauty brands across the Middle East, has launched Nashi Argan products. The brand is globally is renowned for its cosmetic and nutritional propert

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Oil charity fundraiser named ‘Best Special Event’ in ME

The Oil Barons Charity Ball, a popular charity event in the Middle East region, which raised more than $200,000 this year, has been named the ‘Best Special Event’ at the Middle East Event Awards held in Dubai, UAE recently.

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Oil charity fundraiser named ‘Best Special Event’ in ME

The Oil Barons Charity Ball, a popular charity event in the Middle East region, which raised more than $200,000 this year, has been named the ‘Best Special Event’ at the Middle East Event Awards held in Dubai, UAE recently.

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