by Asharq Al-Awsat | Aug 20, 2017 | Business
London- Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday. “Libya is a significant resource holder...
by Asharq Al-Awsat English | Jan 31, 2017 | Business
Oil rates witnessed an increase of some 2 percent on Tuesday after news OPEC oil production has fallen sharply this month and the dollar sank. “This is very high, a good number,” an OPEC source said of the January compliance estimate. The dollar was down...
by Asharq Al-Awsat | Jan 25, 2017 | Business
London – The push by Republicans in the U.S. House of Representatives for a shift to border-adjusted corporate tax (BTA) could drive U.S. crude prices higher than the global benchmark Brent, triggering large-scale domestic production, according to analysts at...
by Asharq Al-Awsat | Dec 15, 2016 | Business
London – U.S. Federal Reserve decided to raise interest rates for the first time in 2016 since the election of Donald Trump, and the second time in a decade. The bank voted unanimously to raise the U.S. central bank’s target range for the federal funds rate to 0.50 to...
by Sabri Najeh | Oct 6, 2016 | Business
Cairo–Following OPEC’s historic agreement at the Algiers meeting to cut down production, oil demand was on the rise, reaching $52 per barrel. U.S. Energy Information Administration (EIA) said U.S. crude stockpiles fell last week despite slow refinery activity...
