Saudi Arabia
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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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By Angus McDowall and Asma Alsharif. JEDDAH, March 27- Down a narrow alleyway deep in the Jeddah slum of Karantina, three women from Sudan have set up stalls under colourful parasols, selling peanuts, hibiscus petals, dried pulses, baskets, frankincense, calabashes and sandalwood.
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CAC 40 futures are up 0.4 percent at 0737 GMT SAFRAN. Safran said the acquisition of Goodrich Electrical Power Systems would generate additional revenue of about 120 million euros for nine months in 2013, of which the aftermarket business should contribute half.
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RIYADH, March 27- Saudi Arabia's customs authorities have thwarted an attempt to smuggle over 3,260 metric tonnes of refined petroleum products out of the country's Gulf port of Dammam, the official Saudi Press Agency reported.
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CAIRO, March 26- Egypt rattled investors on the Cairo stock market on Tuesday by unexpectedly announcing that a takeover of its second biggest private bank would be subject to a new capital markets tax.
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LONDON, March 26- Brent oil's premium to U.S. crude fell to its lowest in over eight months on Tuesday as an increasing supply of shale oil has reduced the U.S. need for imports from Africa and the North Sea. "The erosion is because U.S. shale production is decreasing imports of light sweet crude grades," said Seth Kleinman, head of energy research at Citigroup.
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LONDON, March 26- Brent oil's premium to U.S. crude fell to its lowest in over eight months on Tuesday as increased supply of shale oil has decreased the U.S. need for imports from Africa and the North Sea.
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LONDON, March 26- Brent oil's premium to U.S. crude fell to its lowest in over eight months on Tuesday as increased supply of shale oil has decreased the U.S. need for imports from Africa and the North Sea.
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LONDON, March 26- Brent oil's premium to U.S. crude fell to its lowest in over eight months on Tuesday as increased supply of shale oil has decreased the U.S. need for imports from Africa and the North Sea.
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LONDON, March 26- Brent oil fell slightly on Tuesday, remaining within its range of the past two weeks, as the effect of the Cyprus bailout faded and traders saw little direction for the market. "People are starting to turn away from their focus on Cyprus, and I think it will fade away as an issue quite quickly," said Filip Petersson, an analyst at SEB in Stockholm.
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LONDON, March 26- Brent oil fell slightly on Tuesday, remaining within its range of the past two weeks, as the effect of the Cyprus bailout faded and traders saw little direction for the market. "People are starting to turn away from their focus on Cyprus, and I think it will fade away as an issue quite quickly," said Filip Petersson, an analyst at SEB in Stockholm.
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SINGAPORE, March 26- Brent crude remained steady above $108 a barrel on Tuesday on concerns the Cyprus bailout could set a new precedent in restructuring the euro zone banking sector, again feeding worries about the European economy and its demand for oil.
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BEIJING, March 26- Saudi Aramco, the world's biggest oil producer, remains "committed" to plans to build a 200,000 barrels-per-day refinery in the southwestern Chinese province of Yunnan, the company's chief executive, Khalid Al-Falih, said on Tuesday.
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SINGAPORE, March 26- Brent crude remained steady above $108 a barrel on Tuesday on concerns the Cyprus bailout could set a new precedent in restructuring the euro zone banking sector, again feeding worries about the European economy and its demand for oil.
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SINGAPORE, March 26- Brent crude remained steady above $108 a barrel on Tuesday on concerns the Cyprus bailout could set a new precedent in restructuring the euro zone banking sector, again feeding worries about the European economy and its demand for oil.
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SINGAPORE, March 26- Brent crude slipped back towards $108 a barrel on Tuesday on concerns that the Cyprus bailout could set a new precedent in restructuring the euro zone banking sector, again raising worries about the European economy and its oil demand.
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SINGAPORE, March 26- Brent crude slipped back towards $108 a barrel on Tuesday on concerns that the Cyprus bailout could set a new precedent in restructuring the euro zone banking sector, again raising worries about the European economy and its oil demand.
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TOKYO, March 26- U.S. crude futures were steady below $95 a barrel on Tuesday after gaining 1.2 percent a day earlier, as investors turned more cautious on fears that future bank rescues in the euro zone would come with the same stern conditions seen in Cyprus' deal.
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TOKYO, March 26- U.S. crude futures were steady below $95 a barrel on Tuesday after gaining 1.2 percent a day earlier, as investors turned more cautious on fears that future bank rescues in the euro zone would come with the same stern conditions seen in Cyprus' deal.
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*Cyprus bailout deal improves oil demand outlook for Europe. NEW YORK, March 25- Crude oil futures rose on Monday in choppy trading after a bailout deal for Cyprus improved the outlook for fuel demand in the euro zone.
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*Cyprus bailout deal improves oil demand outlook for Europe. NEW YORK, March 25- Crude oil futures rose on Monday in choppy trading after a bailout deal for Cyprus improved the outlook for fuel demand in the euro zone.