Gold falls to 2-1/2-week low on stop-loss selling

Gold dropped to a 2-1/2-week low on Monday, extending losses from the previous session, as stop-loss selling more than offset support from China inflation data suggesting there was more room to ease monetary policy.


Japan seeks stronger energy relations with UAE

Japan seeks stronger energy relations with UAE

TOKYO -- The Japanese Government seeks to further bolster its energy security through stronger economic relations with the UAE in general, and Abu Dhabi in particular as the emirate already meets around 25 per cent of Japan’s demand on crude oil, and recently has become Japan’s partner in a new renewable energy project platform.

Oil falls to $115 on weaker demand forecast

LONDON - Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

Oil price drop not hampering global growth: Al Naimi

Saudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali Al Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control despite a halving of Iranian exports because of Western sanctions.

Oil holds above $114 on Middle East supply worries

Brent crude oil held above $114 a barrel and close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

Iraq’s oil exports up, output may double by 2020

LONDON - Iraq’s oil exports are expected to rise to their highest in decades this month and production is on course to more than double by 2020, as it cements its place as OPEC’s second-biggest producer after Saudi Arabia.

Oil rises on Syria-Turkey tensions

LONDON - Oil rose further above $112 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of supply disruptions outweighing concerns about sluggish global demand.