CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks sold off but gold was a big winner as traders moved to bullion. Nat gas was up on a smaller-than-expected build, and crude was down on the day.
ABU DHABI/ CAIRO, April 10- Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia's Novorossiisk port, after the trade house selling the grain had problems opening the importer's letters of credit, traders said.
MOSUL/ BAGHDAD, April 10- Militants whose bombs have shut Iraq's main northern oil export pipeline for 40 days are preventing repairs, threatening to extend an outage that is already the longest since the days of sanctions in the 1990 s.
DAKAR/ LONDON, April 10- Africa's dependency on fuel imports is likely to grow as its refining projects struggle to get off the ground, a Vitol director told a Reuters Africa Summit.
SINGAPORE, April 10- Brent futures eased towards $107 a barrel on Thursday as weak China trade data stoked demand growth concerns and investors booked profits after gains of 2 percent over the past two days.
SINGAPORE, April 10- Brent futures eased towards $107 a barrel on Thursday on weak China trade data and as investors booked profits after gains of 2 percent in the past two days.
*China now looking at using fuel to make petrochemicals. BEIJING, April 10- A deal between China's top refiner Sinopec Corp and Phillips 66 could be a game changer that signals the United States is on track to become one of the top suppliers of liquefied petroleum gas to the world's second-biggest economy.
Although the numbers released Wednesday by market research firms Gartner and IDC mark the industry's eighth straight quarter of declines, they also show a considerable slowdown from the drops in the fourth quarter of 2013..
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was higher on the day as geopolitical tensions drove the price. Nat gas also popped, as traders looked for another drawdown in supplies. And gold was down today as traders looked for the next big catalyst.
DUBAI, April 9- Supreme leader Ayatollah Ali Khamenei said on Wednesday he had authorised nuclear talks with world powers including arch-foe the United States just to prove Iran's peaceful intentions, but Tehran would not be bullied and would not stop atomic research.
KHOBAR, Saudi Arabia, April 9- Major Saudi Arabian construction firm Abdullah A. M. Al-Khodari Sons expects labour reforms to keep weighing on its bottom line for a few more years, but the situation will start improving in the second half of 2014, its chief executive said.
CAIRO— Egyptian authorities arrested a journalist Wednesday who worked for the Al-Jazeera satellite news network and other Islamist media for allegedly inciting and taking part in violence, the country's official news agency reported.
WASHINGTON— The Obama administration is imposing sanctions on an Egypt- based group that has claimed responsibility for attacks against Egyptian officials, Israeli interests and foreign tourists in Cairo and the Sinai peninsula. The State Department said Wednesday it has designated Ansar Bayt al-Maqdis a "foreign terrorist organization."
LONDON, April 9- The United States has replaced OPEC as the marginal petroleum supplier to the world thanks to the shale revolution and improvements in automotive fuel efficiency. Net U.S. imports of crude and products have halved over the last five years, or by an amount equivalent to the entire daily crude exports of Saudi Arabia.
"Debt at risk... is even higher now than in the period following the September 2008 collapse of Lehman Brothers, and it is well above pre-crisis levels in Asia and in emerging Europe, the Middle East, and Africa," the IMF said in its Global Financial Stability Report.
DUBAI, April 9- Iran should continue talks with world powers to end a long-running nuclear dispute, but without ceding any of the gains made by its nuclear programme, the Islamic Republic's Supreme Leader was reported as saying on Wednesday.
IRAN SURPREME LEADER SAYS NONE OF TEHRAN'S NUCLEAR GAINS ARE TO BE CEDED- IRNA.
DUBAI, April 9- The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom, saying they are contributing too little to society compared to what they take, Saudi media reported on Wednesday.
WARSAW, April 9- U.S. computing company Hewlett-Packard Co. will on Wednesday acknowledge "corrupt" activities in Poland, Polish Interior Minister Bartlomiej Sienkiewicz said. It's a breakthrough moment in Poland when a great international company acknowledges its corrupt activities in Poland, "Sienkiewicz told Polish public radio.
ALBANY, N.Y., April 8- New York's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia.