| Oil prices rebound in Asian trade | | Oil prices climbed in Asian trade on Friday following heavy losses in New York stoked by a rise in stockpiles and concerns about the global economy, analysts said. | | Crude hubs near the mouth of the Gulf | | Oil storage capacity just outside the Strait of Hormuz has become increasingly important for oil companies which ship fuel to Asia, especially after Iranian threats last year to block the world’s most important oil shipping route. | | Off to Fujairah | | Oil storage capacity at the UAE port of Fujairah is expected to rise by two million cubic metres, or mcm, this year to just over six million cubic metres, port data shows. | | Swiss deepen criminal probe into Congo oil contract | | Switzerland has stepped up a criminal investigation into an oil contract in the Republic of Congo and will question a former Gunvor employee and his associate on suspicions of fraud, the company confirmed. | | Oil prices rebound | | LONDON — Oil prices rebounded on Tuesday, as a weaker dollar boosted demand and in the wake of upbeat German economic data, analysts said. | |
