KUWAIT OIL MINISTER SAYS OPEC+ COUNTRIES' COMPLIANCE WITH OIL CUTS IS "VERY BIG"- KUWAIT NEWS AGENCY.
*Investment pitches Amazon against Uber Eats. LONDON, May 17- Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals. The news the world's biggest online retailer had bought into one of Europe's fastest growing tech...
May 17- Amazon has led a new funding round in Britain's online food delivery company Deliveroo, throwing its weight behind the app in the battle with Uber Eats and Just Eat to deliver takeaway meals. Headquartered in London, Deliveroo uses 60,000 riders to deliver meals from over 80,000 restaurants and takeaway outlets in 14 countries including France, Germany,...
LONDON, May 16- Britain has raised the threat level for military forces and diplomats in Iraq because of a heightened security risk from Iran, Sky News said on Thursday. A spokeswoman for Britain's Foreign Office declined to immediately comment on the report. Britain also put its personnel and their families in Saudi Arabia, Kuwait and Qatar on an increased state...
*Dubai, Doha and Kuwait markets down. "The increased military tension between the U.S. and Iran are pressuring markets down," said Mohammed Ali Yasin, chief strategy officer at Al Dhabi Capital in Abu Dhabi. The U.S. military said last week that a number of B-52 bombers would be part of additional forces being sent to the Middle East following indications of possible...
*Bahrain has promised Gulf donors to balance finances. DUBAI, May 7- Bahrain has scrapped a plan to reform its cumbersome subsidy system, officials said on Tuesday, as authorities worry it could trigger more unrest in the Gulf island and complicate government efforts to repair public finances. Bahrain, which does not possess the bountiful oil reserves of other...
WASHINGTON, May 3- The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Congressional staffers confirmed to Reuters that the...
WASHINGTON, May 2- The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Congressional staffers confirmed to Reuters that the...
The decision by the Trump administration not to renew any of the waivers extended six months ago to eight importers of Iranian crude, including top buyers China and India, is a clear escalation of Washington's campaign against Tehran's nuclear program. It may be the case that Chinese refiners are stocking up on Iranian crude in anticipation of not getting any...
The decision by the Trump administration not to renew any of the waivers extended six months ago to eight importers of Iranian crude, including top buyers China and India, is a clear escalation of Washington's campaign against Tehran's nuclear programme. It may be the case that Chinese refiners are stocking up on Iranian crude in anticipation of not getting...
RIYADH, April 8- The Saudi energy minister on Monday said it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts but a meeting next month would be key. A joint OPEC and non- OPEC ministerial committee known as the JMMC is due to meet in May. Saudi Arabia and Russia are members of the panel, which includes other major oil...
DUBAI, April 3- Saudi Arabia's King Salman is expected to visit Bahrain on Wednesday, Bahrain news agency BNA said, adding the two kings will hold meetings to discuss bilateral relations and regional developments.
*OPEC oil production drops by 280,000 bpd in March. LONDON, April 1- OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group's supply-cutting pact while Venezuelan output fell further due to sanctions and power outages. The 14- member Organization of the Petroleum Exporting Countries...
MANAMA, March 18- As the weekend kicks off in Bahrain, Saudi Arabian and Kuwaiti cars jam the capital's roads and hotel lobbies fill with visitors looking for bars, restaurants and other night-time entertainment. Saudi Arabia, along with Kuwait and the United Arab Emirates, came to the rescue of Bahrain last year when a prolonged period of lower oil prices pushed...
HOUSTON, March 11- U.S. shale companies have benefited from the supply-cut efforts from OPEC and its allies that boosted prices, OPEC Secretary General Mohammed Barkindo said during a Houston energy conference on Monday. His comments came ahead of an OPEC meeting with U.S. oil producers for the third straight year at IHSMarkit's CERAWeek conference, though...
SINGAPORE/ LONDON, March 8- Oil prices dropped more than 3 percent on Friday on a worsening economic outlook after the European Central Bank warned of continued weakness and fresh data showed U.S. job growth almost stalled in February. With surging U.S. oil supply also unsettling markets, international benchmark Brent crude futures lost $2.18, or 3.4 percent, to...
SINGAPORE/ LONDON, March 8- Oil prices dropped close to 2 percent on Friday on a worsening global economic outlook after the European Central Bank warned of continued weakness and fresh data showed Chinese imports and exports slumped last month. With surging U.S. oil supply also unsettling markets, international benchmark Brent crude futures lost $1.22, or 1.9...
SINGAPORE, March 8- Oil prices dropped 1.6 percent on Friday on a worsening global economic outlook after the European Central Bank warned of continued weakness and fresh data showed Chinese imports and exports slumped last month. With surging U.S. oil supply also unsettling markets, international benchmark Brent crude futures lost $1.08, or 1.6 percent, to...
SINGAPORE, March 8- Oil prices dropped by more than one percent on Friday as clouds gathered over the global economy after the European Central Bank warned of continued weakness and fresh data showed Chinese exports and imports slumped last month. With surging U.S. supply also unsettling markets, international benchmark Brent crude futures were at $65.42 per...
SINGAPORE, March 8- Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month. With surging U.S. supply also unsettling markets, international benchmark Brent crude futures were at $65.78 per barrel at...
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