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Rotana CEO Selim El-Zyr discusses business opportunities in Iraq and Iran, both of which he says have "huge untapped potential".
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NEW YORK, April 5- Brent crude fell to an eight-month low near $104 a barrel on Friday and was on course for the biggest weekly slide since June, as a weak U.S. jobs report fed worries about the economy in the world's largest oil consumer. The U.S. Labor Department reported that employers added just 88,000 jobs in March, the slowest pace of hiring in nine months.
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LONDON/ SEOUL- North Korea has asked embassies to consider moving staff out and warned it cannot guarantee the safety of diplomats after April 10, Britain said, amid high tension and a war of words on the Korean peninsula.
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NEW YORK, April 5- Brent crude oil fell to an eight-month low below $105 a barrel on Friday as data showed a much sharper slowdown in hiring by U.S. employers than analysts had expected, feeding worries about the economy and potential fuel demand.
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SEOUL- North Korea has placed two of its intermediate range missiles on mobile launchers and hidden them on the east coast of the country in a move that could threaten Japan or U.S.
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LONDON, April 5- Brent crude oil fell to a five-month low near $105 per barrel on Friday as bleak U.S. jobs data and bulging inventories dimmed the outlook for economic growth and fuel demand.
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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LONDON, April 5- Brent crude oil fell to a five-month low near $105 per barrel on Friday as bleak U.S. jobs data and bulging inventories dimmed the outlook for economic growth and fuel demand.
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*Korea tensions, Iran talks eyed. LONDON, April 5- Brent crude oil steadied close to five-month lows around $106 per barrel on Friday as bleak U.S. data and bulging inventories dimmed the outlook for demand.
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*Korea tensions, Iran talks eyed. SINGAPORE, April 5- Brent steadied above $106 per barrel on Friday after hitting a 5- month low in the prior session, but prices were headed for their worst week since December as bleak U.S. data and bulging inventories dimmed the outlook for demand.
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*Korea tensions, Iran talks eyed. SINGAPORE, April 5- Brent crude edged up toward $107 per barrel on Friday after hitting a 5- month low in the prior session, but prices were headed for their worst week in a month as bleak U.S. data and bulging inventories dimmed the outlook for demand. Brent crude rose 13 cents to $106.47 a barrel by 0436 GMT, off an earlier high of $106.65.
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*Korea tensions, Iran talks eyed. SINGAPORE, April 5- Brent crude edged up toward $107 per barrel on Friday after hitting a 5- month low in the prior session, but prices were headed for their worst week in a month as bleak U.S. data and bulging inventories dimmed the outlook for demand. Brent rose 14 cents to $106.48 a barrel by 0236 GMT, off an earlier high of $106.65.
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SEOUL/ WASHINGTON- The United States said it would soon send a missile defence system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.
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LONDON, April 4- Crude oil futures dropped on Thursday after an increase in U.S. unemployment heightened concerns over the economic growth of the world's top oil consumer. Initial claims for state unemployment benefits increased 28,000 to a seasonally adjusted 385,000, the highest since November, the Labor Department said on Thursday.
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LONDON, April 4- Brent crude oil steadied at around $107 per barrel on Thursday after its biggest fall in five months on signs of faltering economic growth and rising stocks of fuel. "Investors are shifting out of oil and commodities and into equities after poor returns," said Eugen Weinberg, head of commodities research at Germany's Commerzbank.
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SINGAPORE, April 4- Brent crude edged up above $107 on Thursday after its biggest fall in five months in the previous session, but prices stayed close to this year's low, as weak data and swelling inventories in top consumer the United States muddied the demand outlook.
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LONDON, April 4- Hedge funds set up to profit from huge market slides are falling out of favour, signalling that investors are increasingly confident leading central banks can avert the kind of meltdown that followed the Lehman Brothers' collapse.
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SINGAPORE, April 4- Brent crude edged up above $107 on Thursday after its biggest fall in five months in the previous session, but prices stayed close to this year's low as weak data and swelling inventories in top consumer the United States muddied the demand outlook.
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*U.S. crude for May delivery rose 6 cents to $94.51 per barrel at 0104 GMT, after dropping by 2.8 percent on Wednesday, its steepest daily decline since Nov. 20. *The shutdown of Exxon Mobil's pipeline which moves crude oil from Illinois to the refinery-rich Texas Gulf Coast may curb efforts to relieve the glut of crude oil in the U.S.
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Rotana CEO Selim El-Zyr discusses business opportunities in Iraq and Iran, both of which he says have "huge untapped potential".
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NEW YORK, April 3- Oil prices fell 3 percent on Wednesday in the steepest daily drop in five months, as U.S. crude inventories rose to their highest since 1990 and as weak economic data weighed on the outlook for demand. Brent crude oil for May delivery settled down $3.58 at $107.11 a barrel, the biggest one day percentage fall since Nov. 3.