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Oil prices slide on China worries, supply glutCrude oil futures fell on Friday, bringing losses this month to close to nine per cent, as disappointing Chinese data and worries over a supply glut overshadowed geopolitical concerns. The US dollar, which stoo More… |
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Asian imports of Iran oil fall nearly 6pc in SeptAsian imports of Iranian oil fell nearly six per cent from a year earlier in September, as Iran's biggest crude buyers held off from increasing purchases following the landmark agreement on Tehran's disputed nuclear programme in July. More… |
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Oil falls to $63, ample supplies and Greece weighOil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other marke More… |
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Brent crude oil prices fall as Opec production soarsBrent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after Opec said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (Opec) said that i More… |
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Brent oil falls below $54 on Opec output, IranBrent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States. Intensive efforts to clinch a deal between world powers and More… |
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Oil slips under $57 as IEA sees bigger glutOil fell below $57 a barrel on Friday after the International Energy Agency said a global oil glut was building and US oil production showed no signs of slowing yet. The IEA, which advises industrialised countries, said in its mon More… |
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NBAD Q4 net profit edges downNational Bank of Abu Dhabi, the largest lender by market value in the UAE, has posted fourth-quarter profit that fell marginally from a year earlier, in line with analysts' estimates. NBAD, majority-owned by the Abu Dhabi gove More… |
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Brent hits 3-week low below $111Brent oil futures fell by more than a dollar on Monday to a three-week trough below $111 a barrel as supply worries eased after the US agreed to call off military action against Syria in a deal with Russia to remove Damascus's chemical weapo More… |
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HSBC revenues sag, may face $1.6bn US lawsuit hitHSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo More… |
