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ADNOC to supply Indian Oil with LNG for 15 yearsThe Abu Dhabi National Oil Company has signed a 15-year agreement to supply Indian Oil with 1 million metric tons of liquefied natural gas ...- European autos stocks hit on China tariff jittersEuropean autos stocks were the worst performing equity market sector on Wednesday, following a report that suggested there was potential fo...
- Oil falls 3%, extends losses after US inflation dataThe CPI report added to downward pressure earlier coming from concern over excess supply and slowing demand, despite support from escalatin...
- Oil up about 2% on big US crude storage draw, Middle East tensionOil prices rose by about 2% to a two-week high due to a larger-than-expected drawdown in US storage and escalating tensions in the Middle E...
- Barclays hikes 2024 Brent crude price forecast on tighter balance viewEarlier this month, Saudi Arabia extended its voluntary production cut of 1 million bpd to the end of September, adding that it could be ex...
- Blast injures 10 near grain silos at Turkish portAn explosion occurred around 2:40 p.m. (1140 GMT) near Turkish Grain Board (TMO) silos, Yavuz said. The Ministry of Transportation said no ...
- Orix confirms plan to invest $1.5 bln in Toshiba buyoutThe decision is based on its "positive views of Toshiba's corporate value and executability of management's reform plan," the company said ...
- India's cotton output could fall to 14-year low: Cotton Association of IndiaLower production will reduce exports from the world's biggest producer in the current marketing year ending on Sept. 30 and support global ...
- Goldman Sachs cuts 4Q oil forecast by $10/bbl on China 'speed bump'"We still believe Russian production will decline about 0.6 million barrels per day from here, with risks of a deeper, more abrupt disrupti...
- Qatar appoints ambassador to Saudi Arabia, says emir's officeSaudi Arabia, the United Arab Emirates, Egypt and Bahrain resolved in January to lift a boycott imposed in mid-2017 and restore political, ...
- Saudi lender Al Rajhi reports 48% rise in Q2 net incomeThe Islamic lender said income from special commissions, financing and investments rose 27% from a year earlier to 5 billion riyals.
- Iran says nuclear talks progressing, but some issues need more discussion"We are now closer than ever to an agreement but the distance that exists between us and an agreement remains and bridging it is not an eas...
- Qatar increases crude oil prices in JulyJune prices were set at $1.00/bbl above the Oman/Dubai average for the Marine crude and $0.70/bbl above Oman/Dubai average for Land crude.
- Russia approves Sinopec's participation in huge petrochemical projectThe Russian government has approved participation of China's Sinopec company in a large-scale petrochemical project, the government said in...
- Saudi Arabia says private sector to be allowed to import barleySaudi Arabia, one of the world's largest barley buyers, had said in 2018 it would bring the private sector back into the trade.
- 'No evidence' yet that recovered COVID patients cannot be reinfected: WHOIn a statement, the United Nations agency warned against issuing "immunity passports" or "risk-free certificates" to people who have been i...
- Total awarded 135 MW of solar power projects in FranceThe largest project in the lot is a 50 MW ground-mounted solar project at the site of the company's former refinery in Valenciennes in nort...
- OPEC's oil cut proposal enough to push prices back to $60 per barrel"Compensatory measures will be taken which will take the excess oil off the market."
- AstraZeneca sells ageing beta-blocker to Recordati for $300 mlnAstraZeneca, which retains rights to the beta-blocker outside Europe, will continue to manufacture and ship product to Recordati under a su...
- UPDATE 2-Alpine skiing-Vonn slides out of Super G, Schmidhofer winsALPINESKIING-WORLD/SUPERG (UPDATE 2, PIX):UPDATE 2-Alpine skiing-Vonn slides out of Super G, Schmidhofer wins
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