International Markets

(Photo credit: Arabianeye - Reuters)
28 April 08:30 PM US oil rigs rise for 15 week in row
Mubasher: The number of US oil-rig count has increased last week, according to data revealed by Baker Hughes on Friday. Oil rigs added nine to reach 697 rigs, up from 572 rigs last week. Brent crude futures grew 0.31% to the level of $51.98 per …
(Photo credit: Arabianeye - Reuters)
28 April 11:14 AM Oil prices rise on Friday
Mubasher: Crude oil prices went up on Friday, but it tends to record weekly losses for the second week in a row. Oil prices were supported by OPEC Secretary-General Mohammad Barkindo, who said on Thursday that the oil market was moving towards a …
(Photo archive)
26 April 01:01 PM Al-Falih, Novak to meet over oil prices support – Agency
Riyadh – Mubasher: Saudi minister of energy Khalid Al-Falih is planning to meet the Russian minister of energy Alexander Novak within the next two weeks to discuss the agreement between OPEC and non-OPEC members to support oil prices, Reuters …
Photo Credit: Arabianeye-Reuters
22 April 08:02 PM Saudi Arabia to launch biggest goldmine Monday
Riyadh - Mubasher: Saudi Prince Khalid al-Faisal Al Saud, the Governor of Makkah, will officially inaugurate on Monday Al Dawaihi goldmine and factory, the biggest goldmine in Saudi Arabia. The goldmine is owned by the Saudi Arabian Mining Company …
(Photo Credit: Arabianeye-Reuters)
21 April 07:52 PM European stocks mixed at Friday’s close
Mubasher: European stocks saw a volatile performance on Friday, amid anticipations of economic data. The German DAX index rose 0.18% or 21.25 points to 12,048.57 points. The Stoxx Europe 600 index also added 0.02% or 0.06 to reach 378.12 points by …
(Photo Credit: Arabianeye-Reuters)
21 April 06:47 PM Oil prices down on NYMEX Friday
Mubasher: Oil prices saw a “steep” decline in Friday’s trading session, with NYMEX crude oil futures falling below $50 per barrel (pb).  Brent crude futures fell 2% to reach $51.95 pb by 4:35am UAE time.  NYMEX crude oil futures retreated 2.1% to …
(Photo Credit: Arabianeye-Reuters)
21 April 02:05 PM General Electric swings to profits in Q1
Mubasher: General Electric turned profitable in the first quarter ended 31 March 2017, according to a statement. The company generated net profits of $619 million in the three-month period of 2017, against losses of $61 million in the same period …
(Photo Archive)
21 April 11:17 AM Sony preliminary profits beat expectations
Mubasher: Sony reported higher-than-expected preliminary profits in the fiscal year ended March 2017, according to a statement. The Tokyo-based company posted preliminary operating profits of 285 billion yen ($2.6 billion) for the fiscal year …
(Photo Credit: Arabianeye-Reuters)
21 April 10:27 AM European stocks open Friday higher
Mubasher: European stocks opened Friday’s trading session in the green zone, amid anticipations of some economic data The Stoxx Europe 600 index rose 0.05% to reach 378.24 points by 8:15am GMT. Britain’s FTSE 100 index grew 0.10% to 7,125.9 …
The GCC Petroleum Media Forum in Abu Dhabi
20 April 12:25 PM Russia nods to oil output cut renewal – Kuwait official
By: Amr Adel Abu Dhabi – Mubasher: The oil minister of Kuwait, Essam Al-Marzouq, on Thursday said that Russia has approved in principle extending the agreement of reducing oil production to later than June. Russia’s compliance with the output …
Photo Credit: Arabianeye-Reuters
20 April 10:20 AM Kuwait likely to renew oil output reduction deal
By: Amr Adel Abu Dhabi – Mubasher: The agreement previously sealed for reducing oil production may be extended to later than June, endorsed by the commitment of non-members of the Organization of Petroleum Exporting Countries (OPEC), the oil …
UAE energy minister Suhail Al Mazroui (Photo Credit: UAE energy ministry website)
19 April 12:38 PM OPEC to discuss deal extension in May – UAE minister
By: Amr Adel Abu Dhabi – Mubasher: The Organization of Petroleum Exporting Countries (OPEC) is scheduled to meet in Vienna next month to discuss the results of implementing the oil output reduction deal, UAE energy minister Suhail Al Mazroui said …
(Photo Credit: Arabianeye-Reuters)
19 April 10:30 AM March data shows stronger oil deal compliance - OPEC official
By: Amr Adel Abu Dhabi – Mubasher: Oil producing countries have shown stronger compliance in March to the agreement signed to trim oil output, secretary general of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo said …
The Emirati Minister of Energy, Suhail Al Mazroui - (Photo Credit: Mubasher Archive)
16 April 06:56 PM Oil prices corrections to continue this year - Minister
By: Amr Adel Dubai - Mubasher: The UAE minister of energy, Suhail Al Mazroui, expects the correction wave in oil prices globally to carry on in 2017. Al Mazroui said on Sunday that the correction movement could take a longer time, noting that it …
(Photo credit: Arabianeye-Reuters)
14 April 06:21 PM Aramco CEO expects oil market 'rebalancing' soon
Riyadh – Mubasher: The oil market is nearing a 'rebalancing' of supply and demand conditions, Reuters reported, citing Saudi Aramco CEO Amin Nasser as saying on Friday at the Columbia University Energy Summit. US oil production will result in …
(Photo credit: Arabianeye-Reuters)
14 April 03:45 PM China becomes no. 1 oil buyer globally
Mubasher: China's imports of crude oil jumped 19.4% year-on-year in March to 38.95 million tonnes, or around 9.21 million barrels per day (bpd), marking an all-time high, according to official data released by the Chinese government on Friday. …
(Photo credit: Arabianeye-Reuters)
14 April 11:17 AM US oil rigs rise for 13th week straight
Mubasher: The number of oil rigs in the US rose last week, registering an increase for the 13th week in a row. US rigs were up by 11 last week, reaching 683 rigs in the week ended Thursday, 13 April, data released by Baker Hughes Oilfield Services …
(Photo credit: Arabianeye-Reuters)
14 April 10:35 AM European markets closed on Good Friday
Mubasher: Several European financial markets will be closed on Friday, on the occasion of the “Good Friday” holiday. Bourses of the UK, France, and Germany, among other European countries, will suspend trading on Friday, in addition to Monday’s to …
(Photo Credit: Arabianeye-Reuters)
12 April 11:44 AM KSA offers more light oil to Asia – Agency
Riyadh – Mubasher: Saudi Arabia has increased its light oil sales to Asia by offering buyers more cargoes alongside the full contract volumes it was to provide in May, informed sources told Reuters on Wednesday. This will boost the supply glut of …
The International Monetary Fund - (Photo Credit: Arabianeye-Reuters)
10 April 05:36 PM Trade's role in economic growth weakened in 21st century - Report
Mubasher: The role of trade in the global economy is at a critical juncture due to the slowing reforms in the last 17 years, according to a joint report published on Monday by the International Monetary Fund (IMF), the World Bank, and the World …
Omani crude oil registered $54.29 per barrel - (Photo Credit: Arabianeye-Reuters)
10 April 01:57 PM Oman oil down $0.2
Mubasher: The price of Oman oil futures for next June delivery declined by 20 cents per barrel, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $54.29 per barrel (pb) on Monday, compared to …
The agreement aims at enhancing retail appeal - (Photo Credit: Press Release)
8 April 04:27 PM DGCX, DMCC signs MoU with RAK Bank to develop precious metals products
Mubasher: The Dubai Gold and Commodities Exchange (DGCX), the Dubai Multi Commodities Centre (DMCC) and the National Bank of Ras Al Khaimah (RAK Bank) signed a Memorandum of Understanding (MoU) on Saturday for the development of bullion products, …
cPhoto Credit: Arabianeye-Reuters
8 April 02:55 PM Kuwait oil prices rise $1.21
Mubasher: The price of Kuwaiti oil went up by $1.21, Kuwait Petroleum Corporation (KPC) said on Saturday. Kuwait oil registered $52.01 per barrel (pb) on Friday, compared to $50.80 pb on Thursday, Kuwait News Agency (KUNA) reported. Meanwhile in …
Photo Credit: Arabianeye-Reuters
8 April 10:57 AM Oil rises on Middle East instability
Mubasher: Oil prices increased in the week ended Friday due to investor’s fears regarding geopolitical conflicts in the Middle East, especially after the recent US missile strikes in Syria. The price for West Texas Intermediate (WTI) or (Nymex) …
Photo Credit: Arabianeye-Reuters
7 April 06:40 PM Oil gains shrink on MENA status quo
Mubasher: The prices of oil have fallen below the $55-level after Brent and Nymex crude oil levelled up to above $55 and $52 per barrel, respectively. Oil prices were linked to investors’ worries over the current condition in the MENA region, …