Brent crude drops to 16-month low on economic data
US jobs, China manufacturing data drive prices lower; Brent crude trading at lowest since Jan 2011; Eyes on monetary policy meetings later this week
June 4, 2012 11:03-
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China’s Sinohydro says no notification of Iran dam cancellation
China's Sinohydro Group said it has not received any written notification that Iran has cancelled a $2 billion contract for it to help build a hydroelectric dam in the country
June 4, 2012 11:00 -
EFG plans 4 Egyptian pounds dividend after QInvest tie-up
It confirmed in a statement that shareholders had approved the venture, in which EFG would have a 40 percent stake and QInvest 60 percent.
June 4, 2012 10:54
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Rough weather cuts Iraq Basra oil exports -shipper
Bad weather slows exports from the southern ports; Loading operations halted at new single-point mooring offshore export terminal
June 4, 2012 10:53 -
Trade and Syria on the agenda for Putin’s EU summit
The European Union will try to shift Russian President Vladimir Putin's stance on Syria and explore his commitment to closer ties at a summit the wary neighbours say is unlikely to produce big breakthroughs.
June 3, 2012 5:26 -
Nigeria telcos meet regulator over fines says Etisalat Nigeria CEO
Four Nigerian telecoms operators have met with the sector regulator to discuss fines imposed earlier this month for poor service quality, the chief executive of Etisalat Nigeria told Reuters on Thursday.
June 2, 2012 7:47
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Lukoil-led group wins Iraq oil block bid
Lukoil leads group on bid for key oil block; First, second day see few tenders; Iraq plans fifth energy bidding round
May 31, 2012 5:41 -
OPEC basket price down to $102.75 on Wednesday
The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.
May 31, 2012 5:40 -
Egypt’s EFG defends executives against graft charges
The Qatar-based directors of Syria International Islamic Bank (SIIB) resigned their roles at the behest of the Gulf Arab state's central bank, to comply with U.S. Treasury sanctions against the lender.
May 31, 2012 5:35
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Iran cancels $2 billion dam deal with china
Iran has cancelled a $2 billion contract for a Chinese firm to help build a hydroelectric dam in the country, a move that risks upsetting Beijing, one of Tehran's most important economic and political allies.
May 31, 2012 11:49 -
Japan crude imports from Iran fall 26.1 percent y/y in April
Japan's crude oil imports from Iran fell 26.1 percent in April from a year earlier to 0.90 million kilolitres (189,137 barrels per day), data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.
May 31, 2012 11:47 -
Brent crude ends lower on euro zone, China worries
Brent July crude fell $3.21, or 3 percent, to settle at $103.47 a barrel, the lowest settlement since the Dec. 16 close at $103.35. Brent fell to $102.97, its lowest intraday price since Dec. 19, after reaching $106.82.
May 31, 2012 11:45
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Ahmadinejad sees no “miracles” at Moscow nuclear talks
Iranian President Mahmoud Ahmadinejad said on Wednesday he did not expect talks in June with six world powers in Moscow over Iran's nuclear powers to yield any major breakthroughs.
May 31, 2012 11:42 -
Iraq’s terms deter oil, gas explorers at auction
Iraq wins offer on only one out of six blocks; Kuwait Energy, TPAO, Dragon Oil get Block 9 oil deal; Baghdad wants to build up crude reserves
May 31, 2012 11:40 -
Olympics-rifle passion drives female Kuwaiti shooter
Mariam Erzouqi grips her German-made air rifle with carefully-manicured hands, steadies her footing, eyes the target and slowly pulls the trigger until a soft crack echoes through Kuwait's cavernous shooting range.
May 31, 2012 11:35
