Tag Archives: Bloomberg News Agency

OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.

It’s a tantalizing prospect for traders whose success often hinges on microseconds: a desktop PC algorithm that crunches market data faster than today’s most advanced supercomputers.

Iraq’s fragile security situation may limit its plans to expand oil-production capacity in the medium-term.

Aramco’s quick recovery from the attacks on its Abqaiq oil facility shows resilience and flexibility that’s without parallel in the industry. proving to the world that Saudi Arabia is a reliable supplier.

it’s working on a household helper that will have arms that could load dishes. pick up clothes. or bring food from kitchen to table.

Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.

Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated.

Iraq’s government could lose access to its dollar account at the Federal Reserve if the Trump administration imposes sanctions.

The United Arab Emirates will invest $22.8 billion in Indonesia through a sovereign wealth fund being set up.

Apple Inc. bagged a significant smartphone shipment jump in China last month as the world’s largest consumer electronics market heads into its holiday season. official data indicate.